Pakistan

State Bank of Pakistan

State Bank of Pakistan names five successful digital bank applicants

The country’s central bank and regulator expects these new digital banks to promote financial inclusion.

Finastra

National Bank of Pakistan taps Finastra for trade finance solution

The bank will deploy Finastra’s end-to-end working capital solution, Fusion Trade Innovation.

State Bank of Pakistan

State Bank of Pakistan stops fintech start-up Tag’s operations

The central bank says it has taken this decision to “protect the interest of the public at large”.

ICYMI fintech funding round-up: Kippa, Payall, Trek Health and more

A handy round-up of the recent funding endeavours of fintech companies across the globe.

Allied Bank Pakistan picks BPC to launch SME acquiring business

Allied Bank will support merchant and business acquisitions and enable payments in-store, online and in-app.

South Asia fintech funding round-up: Twid, Jify, OneLoad and Bluecopa

A handy round-up of recent funding endeavours of fintech companies across India and Pakistan.

dbank

Dbank gears up for launch in Pakistan, secures $17.6m seed funding

The investment round was co-led by Sequoia Southeast Asia and Kleiner Perkins.

YAP

UAE’s YAP secures $41m to support continued expansion

Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.

Swiss fintech ZoodPay acquires Pakistan’s Tez Financial Services

ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.

YAP

YAP expands into Pakistan with EMI licence approval

YAP Pakistan hopes to address the challenges consumers face in the foreign remittance market.

Pakistan’s Systems Limited to acquire National Data Consultant

The deal will also see Systems Limited acquire NdcTech’s subsidiaries in the UAE and Singapore.

Asia fintech funding round-up: SadaPay & Finbots.AI

A handy round-up of the recent funding endeavours of Asian fintech firms.

Abhi

Pakistani fintech start-up Abhi raises $17m in Series A funding

Funds will be used to expand its team and build out marketing capabilities.

State Bank of Pakistan

State Bank of Pakistan searches for new CTO

Pakistan’s central bank is looking for a new chief technology officer (CTO).

Pakistani B2B e-commerce platform Bazaar lands $70m Series B

The latest investment takes Bazaar’s total capital raised to more than $100 million.

Askari Bank taps Hysab Kytab for personal financial management tech integration

The integration of the PFM solution forms part of the bank’s ongoing digitisation strategy.

Pakistan’s largest bank in major tech overhaul with Temenos and NdcTech

It is understood the new tech will replace the legacy Equation system from Temenos’ rival, Finastra.

New financial services app Zindigi launches in Pakistan

Zindigi says the country has many banks, “but not many banking experiences”.

ICYMI funding round-up: pliant, CreditBook, CIRCA5000, and LiveFlow

Our weekly ‘In Case You Missed It’ funding round-up for you to get the latest funding news.

South African BaaS platform Jumo raises $120m in funding

The company will use the cash to expand into more emerging markets.

Pakistan’s UBL picks Temenos Infinity for digital banking transformation

Temenos wins another customer in Pakistan, NdcTech to implement.

Finja lands Series A investment from Habib Bank in Pakistan

HBL joins other fintech funds invested in Finja including BeeNext, and Vostok Emerging Finance.

JS Bank unveils Pakistan’s “first ever” digital cheque service

It allows customers to write and issue a check “instantly”.

New central bank rules push Pakistan’s banks towards digital payments

All Pakistani banks will need to provide debit cards to users who don’t already have one.

Oraan CEO: Women in finance weren’t welcomed in Pakistan

Oraan’s research found that savings – particularly for women – just wasn’t tapped into.

Pakistan launches new instant payment system Raast

Government hopes Raast can host a collection of payment types.

Digitalisation landscape in Pakistan – a tech view

The digital and tech teams of the banks need to “think out of the bank”.

EXCLUSIVE: Bank Alfalah selects Oracle Flexcube for corporate banking

Oracle’s system to run alongside Temenos T24 for retail.

UAE’s remittance fintech Denarii Cash expands beyond Middle East

The new corridors span the Middle East, and into South East Asia and Africa.

National Bank of Pakistan modernises pool management

The upgrade “promises to set an industry standard for Islamic banking in the country”.

Pakistani fintech SadaPay lands CTO from Indonesian unicorn Gojek

Gojek is Indonesia’s most valuable start-up.

Pakistan regulator accepts batch of start-ups for regulatory sandbox

The Securities and Exchange Commission of Pakistan received 32 applications.

SadaPay drives contactless adoption with Mastercard in Pakistan

The digital wallet aims to deliver three million cards over the next five years.

Pakistani challenger Sadapay preps 2020 launch

New mobile wallet will target Pakistan’s underbanked and freelancer market.

PaySend and JS Bank create freelancer-focused wallet in Pakistan

Pakistan is the fourth fastest growing global economy for freelance worker revenues.

Telenor Microfinance Bank selects Temenos T24 as new core banking system

Pakistani institution uses NDC as implementation partner.

EXCLUSIVE: Meezan Bank undergoes digital revamp with Oracle

One of Pakistan’s largest Islamic banks to implement Oracle’s Banking Digital Experience.

How telco VEON is tapping mobile payments in South and Central Asia

The telco’s off-shoot financial services are fast becoming serious revenue streams.

Askari Bank selects Finastra to boost trade finance operations

Pakistan-based bank selects Fusion Trade Innovation.

Pakistan’s JS Bank first in country to launch ‘chat banking’ on WhatsApp

The service is free to use with no registration process.

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