Tagged: pakistan

Former Google Executive Tania Aidrus Chosen by Prime Minister Imran Khan to Lead “Digital Pakistan” Initiative

Tania Aidrus, a former director of products and payment at Google and former country manager (Singapore) for South Asia’s emerging markets at Google, has returned to Pakistan after spending 20 years working abroad. Aidrus will now be leading Pakistan into the digital age. The MBA… Read More

Pakistan’s Leading Energy Company, Byco Petroleum, Partners Bank Alfalah to Launch Digital Payments

Pakistan’s leading energy company, Byco Petroleum Pakistan Ltd, has teamed up with Bank Alfalah, one of the nation’s largest financial institutions, in order to introduce digital payments across Byco’s nationwide network of retail locations. Bank Alfalah has supported the OneQR concept. The bank will now… Read More

State Bank of Pakistan Announces New Digital Payments Adoption Strategy to Enable Greater Financial Inclusion, Especially for Women

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More

Pakistan-US Tech Exchange, a Leading Technology Exchange Program, Is Accepting Applications

Shahjahan Chaudhary, director at National Incubation Center Karachi, the largest startup incubator in Pakistan, noted that applications are being reviewed for the third cohort of the Pak-US Tech Exchange, the nation’s premier technology exchange program. Chaudhary, an MBA graduate from the Institute of Business Management… Read More

Leading Pakistani Bank Partners Ripple to Launch Digital Payments Solution

One of Pakistan’s largest financial institutions, Faysal Bank Limited (FBL) has launched a digital payments solution through a partnership with US-based  Ripple, a blockchain-based money transfer platform. FBL is one of Pakistan’s largest commercial banks with over 220 branches nationwide and assets totaling $1.5 billion…. Read More

WorldRemit Forms Partnership With MCB Bank For Digital Money Transfer to Pakistan

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has joined forces with MCB Bank (MCB) for digital money transfers to Pakistan. WorldRemit reported that transactions to Pakistan through its website and app grew by 75% in 2018, driven by… Read More

Pakistan Introduces Cryptocurrency Regulations at State Bank Ceremony

Pakistan legislators introduced proposed laws to regulate Electronic Money Institutions (EMIs) at a ceremony held at State Bank of Pakistan offices Monday in Islamabad, The Tribune reports. The rules were reportedly created at the behest of the country’s Financial Action Task Force and are intended to… Read More

Pakistan Officials Concerned Country’s First Bitcoin Kidnapping Could Inspire Others

Police used “digital technology” to trace and capture 6 men who kidnapped an IT professor in Pakistan March 19th, but officials reportedly fear that the case could trigger a “boost” in the prevalence of cryptocurrency-related ransom and terror-financing events in Pakistan. According to Pakistani media… Read More

“Almost All” Pakistani Banks’ Customer Data Breached in Recent Hacks

At least six banks in Pakistan have frozen their customers’ bank and credit cards and have suspended international remittances in the wake of news that, “almost all major Pakistani banks’ (customer data)” was hacked in recent security breaches, Geo News reports. According to Captain Mohammad… Read More

Pakistani Non-Bank Microfinance Tez Financial Services Secures $1.1 Million Through Seed Round Led By Omidyar Network

Tez Financial Services, a Pakistan-based fully digital Non-Bank Microfinance Company (NBMFC),  announced on Friday it secured $1.1 million in a seed round led by Omidyar Network, the impact investment firm established by eBay founder, Pierre Omidyar, with participation from Accion Venture Lab, the seed-stage investment initiative of global nonprofit Accion, and Planet N…. Read More

China: WeiyangX Fintech Review

China to Combine CBRC and CIRC According to a State Council reform plan that was presented for deliberation during the National People’s Congress on March 13, China will abolish China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC). Instead, it will establish… Read More

Ant Financial Enters Into New Strategic Partnership With Telenor Group to Deliver Financial Services in Pakistan

Telenor Group announced on Tuesday it has reached a strategic partnership agreement with Ant Financial Services Group (Ant Financial) in Pakistan, where Ant Financial will invest $184.5 million for a 45% stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop… Read More

WorldRemit Makes Global Expansion Look Easy: Partners with Xpress to Offer Pakistanis Instant Remittances

In the last five days WorldRemit announced expansion into Russia, Ethiopia, Uganda and Western and Central Africa. Add Pakistan to the list. WorldRemit is on fire! The digital money transfer service today announced a partnership with global money transfer brand Xpress Money to open up new… Read More

“Let’s Help Fatima End Bonded Labor” Initiative Secures Nearly $2.3M in Less Than a Week on Indiegogo Life

Less than a week after Humans of New York’s Brandon Stanton took to Indiegogo Life with his new project, Let’s Help Fatima End Bonded Labor, the initiative has successfully captured over $2.3 million thanks to 75,000 backers. Sharing details about the campaign, Stanton wrote: “Described as a modern-day… Read More

Humans of New York Returns to Indiegogo Life For End Bonded Labor in Pakistan Project; Secures Over $275,000 in Two Days

Over the weekend,  Brandon Stanton, the face behind the popular photography blog Humans of New York, launched a crowdfunding campaign on Indiegogo Life to raise $100,000 for his new project, Let’s Help Fatima End Bonded Labor. Sharing details about the campaign, Stanton wrote: “Described as a modern-day Harriett Tubman,… Read More

Crowdfunding Mailbox: Loving Vincent (Van Gogh), Espresso Tea & Witness Voice – Partition of India

After the tech-overload of CES International this past week it is kind of nice to get back to the world of crowdfunding.  Sure I love technology but crowdfunding is much more than hardware – as we all know.   We have had a ton of… Read More

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