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.
Pakistan
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.
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.
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.
