Tagged: pakistan

March 13, 2023 @ 8:54 pm By Omar Faridi  |  

Paymob, the financial services enabler in the MENA region and Pakistan (MENAP) and Shahid, the Arabic streaming platform by MBC GROUP, announced their signing of a new partnership agreement. The partnership “enables Shahid customers in Egypt to pay for their subscriptions via electronic wallets processed… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More

January 7, 2023 @ 11:30 am By Omar Faridi  |  

China Mobile, the parent firm of Pakistan’s telecommunications network, Zong 4G, showcased its first digital payments solution ‘PayMax,’ during an exclusive product showcasing event at Zong HQ in Islamabad. This initiative aims to empower the consumers of Pakistan with a financial solution that is secure… Read More

December 29, 2022 @ 9:27 pm By Omar Faridi  |  

Pak-Qatar Takaful Group and BLINQ Solutions Private Limited have reportedly entered an agreement with a goal to streamline payment collections and assist existing and new clients with making payments from an extensive range of payment solutions. According to a statement made on December 26, Saqib… Read More

December 27, 2022 @ 1:30 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, has reportedly granted approval to the test launch of the country’s very first agriculture-focused Fintech platform, Digitt+ (providing an Electronic Money Institution or EMI permit). Digitt+ is supported by Akhtar Fuiou Technologies (AFT), the firm… Read More

November 5, 2022 @ 4:40 pm By Omar Faridi  |  

Finastra has announced that NBP (National Bank of Pakistan) has implemented Finastra’s Fusion Trade Innovation solution “to power its trade finance operations.” InfoTech (Pvt) Ltd., a systems integrator and Finastra’s exclusive authorized and certified reseller in Pakistan, “led the deal and implemented the solution, which… Read More

September 12, 2022 @ 10:42 pm By Omar Faridi  |  

Pakistan-based Fintech ABHI and its clients, employees, users, and investors have reportedly  been making donations using its platform. These funds are meant to support the ongoing flood relief efforts, which is being carried out with assistance from NGOs such as JDC, Al-Khidmat, and Saylani who… Read More

August 29, 2022 @ 8:39 pm By Omar Faridi  |  

Karachi-headquartered Fintech firm Safepay HQ is reportedly going live with Cybersource (a product of payments service provider Visa) in order to bring Pakistani merchants new ways to allow their clients to pay them online. Safepay is a payment service provider that has reportedly received pilot… Read More

August 5, 2022 @ 6:17 am By Omar Faridi  |  

Pakistan-based Fintech firm OneLoad, which aims to serve micro-retailers, has secured $11 million in order to support a growth phase as it focuses on tapping one of the world’s largest unbanked/underbanked nations. The recent investment round has been led by Sarmayacar and Shorooq Partners, along… Read More

July 29, 2022 @ 9:06 pm By Omar Faridi  |  

Dbank, a Pakistan-based Fintech company established by two ex- Google professionals, has acquired $17.6 million via a seed round that has been co-led by Sequoia Southeast Asia and Kleiner Perkins. Brazil’s virtual banking platform Nubank, RTP Global, Rayn and business partner Askari Bank also took… Read More

July 7, 2022 @ 6:59 pm By Omar Faridi  |  

YAP, which claims to be the leading Fintech “revolutionizing” the digital banking experience in the MENA region and South Asia, has raised $41 million “to fund its operations and growth.” The latest investment round includes contributions from Saudi Arabia’s Aljazira Capital alongside investments from Abu… Read More

June 2, 2022 @ 7:47 pm By Omar Faridi  |  

ZoodPay, the digital lending platform for e-commerce in the Middle East and Central Asia, has entered Pakistan by fully “acquiring Karachi headquartered Tez Financial Services (Tez).” Backed by investors including Planet N, Flourish Ventures and Accion, Tez reportedly became “the first Fintech in Pakistan to… Read More

May 21, 2022 @ 7:57 pm By Omar Faridi  |  

YAP, a Fintech streamlining the virtual banking experience in the MENA and South Asia region, has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides “a tremendous opportunity… Read More

April 30, 2022 @ 1:03 pm By Omar Faridi  |  

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

April 21, 2022 @ 10:15 pm By Omar Faridi  |  

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

April 19, 2022 @ 10:46 pm By Omar Faridi  |  

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

April 13, 2022 @ 5:46 am By Omar Faridi  |  

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

March 1, 2022 @ 11:47 pm By Omar Faridi  |  

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

February 27, 2022 @ 6:21 pm By Omar Faridi  |  

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

December 27, 2021 @ 12:40 am By Omar Faridi  |  

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