Tagged: pakistan

Digital Transformation: Pakistan’s JS Bank Enhances Core Banking Stack with Assistance from Temenos, NdcTech

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JS Bank, a leading commercial bank operating in Pakistan, has enhanced its Core Banking platform with assistance from IT firm NdcTech (as the implementation partner for the upgraded system). This deployment is a key part of JS Bank’s overall strategy to rebuild its tech and… Read More

Pakistan based Financial Wellness Platform, Abhi Finalizes $17M Series A

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Abhi, which claims to be Pakistan’s “first-ever” financial wellness platform, enabling employees to access accrued salary in advance, recently announced the completion of a $17 million Series A raise. As noted in an update shared with CI, the fund raise was led by VC  firm… Read More

MENA’s Paymob, a Payments Fintech, Announces Collaboration with Pakistan’s Bank Alfalah

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Paymob, which is MENA region’s virtual payments provider, has announced a strategic relationship with Bank Alfalah, in one of Pakistan’s largest Fintech partnerships “to date.” Paymob’s partnership with one of Pakistan’s major private banks will aim to “drive financial inclusion and lead the way for… Read More

Digital Payments: MENA Region’s Fintech Paymob Expands Operations into Pakistan

Pakistan Money 1

Paymob, MENA region’s virtual payments provider, has announced its formal market entry, and “start of operations, in Pakistan.” Paymob’s expansion into Pakistan follows its steady growth in its home market of Egypt, plus Jordan and other world regions where – combined – it “services tens… Read More

Pakistan based Jiye Technologies Introduces BNPL Solution for Agriculture Industry

Farm Corn Agriculture Ohio

Jiye Technologies, which claims to be the fastest growing Agri-Tech platform in Pakistan has announced a business-to-business (B2B) Buy Now, Pay Later (BNPL) feature through a digital financing product for farmers and businesses across the country, under its program called “Jiye Khushhaal Karobar.” The digital… Read More

Financial Inclusion: Pakistani Fintech NayaPay Secures $13M to Support Digital Banking, Online Payments

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Pakistan’s NayaPay Pvt. has reportedly acquired $13 million in early-stage capital as it aims to onboard consumers who an underbanked or financially underserved. The Karachi-headquartered Fintech firm’s seed round has been led by Zayn Capital, MSA Novo and Silicon Valley’s early-stage investor Graph Ventures, CEO… Read More

Pakistani Payments Fintech SadaPay Explains How they Minimize End-to-End Testing to Build Seamless Apps

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Eli Mydlarz, Head of Engineering at Pakistani Fintech SadaPay, has noted that his firm likes to get feedback as fast and early as possible, so they can’t depend on end-to-end testing while creating financial software applications. Eli wrote in a blog post, earlier this month,… Read More

$50M MENA Region Fintech Fund I Launched by Early-Stage VC Firm VenturesSouq

ryan miglinczy MENA Middle East Grand Mosque Abu Dhabi UAE

GCC-headquartered early-stage VC company VentureSouq has introduced a $50 million MENA region Fintech Fund I. As mentioned in the announcement, the MENA Fintech Fund I is the first sector-wide Fintech-focused fund to be introduced across the Middle East area and Pakistan. The new Fund is… Read More

Pakistan based Digital Payments Platform EasyPaisa Updated with Temenos Transact Core Banking

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Temenos Transact Core Banking will be supporting product innovation and greater scalability and overall efficiency for Pakistan’s virtual payments platform Easypaisa. Telenor Microfinance Bank, which is the operator of Pakistan’s digital payments platform Easypaisa, has officially gone live on Temenos’ Core banking platform with NdcTech… Read More

Pakistan’s QisstPay Secures $15M, Cementing Business as Country’s Fastest-Growing BNPL Platform

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QisstPay, which is one of Pakistan’s first Buy Now, Pay Later (BNPL) services, recently revealed that they’ve secured $15 million in capital as part of their seed and pre-seed rounds with “a mix of equity and debt.” MSA Capital reportedly led QisstPay‘s investment round, with… Read More

Verifff, an International ID Verification Service, Teams Up with SimpliFi, a Cards as a Service Platform

ID Identification

Veriff, an international ID verification provider, is teaming up with SimpliFi, a Cards as a Service (CaaS) platform for the MENA region and Pakistan, in order to protect SimpliFi clients from identity fraud within their “instant” card issuance programs. Through their partnership, Veriff will be… Read More

Pakistani Digital Banking Fintech Tag Acquires $12M via Round led by Liberty City Ventures

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Pakistan-based virtual banking platform Tag has acquired more than $12 million in capital as part one of the largest seed rounds in Southeast Asia. With the capital injection, Tag’s valuation now stands at $100 million, with the firm managing to finalize the fundraising deal within… Read More

Contactless Biometric Verification Services Added for Pakistan’s Digital Banking, Payments Sector

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The National Database and Registration Authority (Nadra) in Pakistan has added contactless biometric verification services for the nation’s banking and payments sector, making the Asian nation one of the first in the world to introduce the tech on a State-wide level. As first reported by… Read More

New Digital Commerce Payments Solution, NIFT ePay, Introduced in Pakistan

Pakistan Money 1

The National Institutional Facilitation Technologies (in Pakistan) and its business and tech partner TPS Worldwide, have introduced “NIFT ePay,” which is the nation’s all-inclusive payment gateway supporting business solutions beyond payments. As mentioned in a release, NIFT ePay supports digital commerce payments by aggregating different… Read More

Egypt based Fintech Kashat, a Micro Loan Provider, Acquires $1.75M in Capital

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Egypt-based Kashat, a microloan services platform, has acquired $1.75 million in capital as part of a bridge round, according to a report from Magnitt. Kashat’s investment round has been led by VC fund Launch Africa Ventures, and also included contributions from regional investors, the report… Read More

Pakistani Online Payments Fintech SadaPay Explains how to Use their Virtual Debit Card

Pakistan Money 3

The team at SadaPay, a Pakistani online payments Fintech, notes that one of the things they felt was “lacking” in the nation’s financial landscape was a “fantastic” virtual debit card. As mentioned in a blog post by SadaPay, there are some virtual cards currently available,… Read More

Singapore Cross-Border Payments Fintech Thunes Partners Bank Alfalah to Enable Remittances to Pakistan

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Singapore-based Thunes, a Fintech firm and an industry leader in global cross-border payments, reveals that it has teamed up with Bank Alfalah, which is one of Pakistan’s largest banking institutions. Through the partnership, the organizations aim to support real-time, cost-effective international  payments made to consumers… Read More

Pakistan Software Houses Association Says IT Firms Should be Able to Spend Export Earnings to Pay for Foreign Digital Service Providers

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The Pakistan Software Houses Association had recommended to the State Bank of Pakistan (SBP) that IT firms should be permitted to use 20% of their export earnings to pay for foreign consultants, digital service providers, vendors (among other requirements) in order to conduct operations and… Read More

Pakistan’s UBL Recruits Temenos, National Data Consultant on Digital Journey

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Pakistani digital bank UBL is partnering with Temenos and National Data Consultant to produce an omnichannel digital online banking platform digital banking solution. It builds upon UBL’s launch earlier this year of the Islamic Digital Account and UBL Pay, which allows customers to use phones… Read More

Fintech Adoption in Pakistan on the Rise with Record Levels of Funding Secured by Startups: Report

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Pakistan has managed to attract a considerable amount of new capital to support its evolving Fintech sector and emerging startups. The significant increase in new funding actually began following the COVID-19 outbreak which led to many more consumers transacting online instead of visiting physical business… Read More

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