Pakistan - FinTech Futures

Pakistan

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.

National Bank of Pakistan turns to Autosoft for Bahrain operation

Autobanker Premium, the latest version of the supplier’s core banking system, will be at the heart of the project.

Bank of Khyber picks Temenos for front-to-back office tech overhaul

National Data Consultants (NDC) was selected as the system integrator for the project.

Pakistan’s first microfinance bank moves over to Temenos T24

Originally selected in early 2017.

Mobi Direct picks Worldline for Pakistani payments

The PSP/PSO aims to modernise paytech in the country.

Video: fintech news weekly round-up – 14 January 2019

Featuring N26, RBS and Loot, Google in Ireland, and Alipay in Pakistan.

Alipay powers Pakistan’s “first” blockchain-based cross-border remittance service

Service provided by Telenor Microfinance Bank and Valyou.

“Almost all” Pakistani banks hacked

Pakistani Federal Investigation Agency reveals security breach.

Tez Financial Services lands $1.1m investment

The first fully digital non-bank microfinance company in Pakistan.

Haball, 1Link and Meezan Bank partner for B2B payments in Pakistan

Haball the aggregator, Meezan on settlements, and 1Link on processing.