Tagged: pakistan

May 1, 2019 @ 1:36 pm By Samantha Hurst  |  

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

April 3, 2019 @ 7:24 pm By Cali Haan  |  

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

March 28, 2019 @ 1:32 am By Cali Haan  |  

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

November 6, 2018 @ 10:53 pm By Cali Haan  |  

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

October 19, 2018 @ 7:57 am By Samantha Hurst  |  

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

March 17, 2018 @ 12:48 pm By Xu Gao  |  

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

March 13, 2018 @ 10:30 am By Samantha Hurst  |  

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

December 20, 2016 @ 5:49 am By Erin Hobey  |  

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

August 21, 2015 @ 11:50 am By Samantha Hurst  |  

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

August 17, 2015 @ 11:59 am By Samantha Hurst  |  

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