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Payments

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Rise, a Dubai based fintech organization, currently said to raise around $1.4million in a round led by the middle east venture partners. This Dubai based fintech company provides financial services to migrants with low-income in the Gulf. Rise has teamed up with one of Pakistan’s leading eCommerce platforms HomeShopping.pk. Both companies have launched a buy now service for all the overseas Pakistanis residing in the United Arab Emirates. This is the very first time when…

Eid ul Fitr 2020 – Begining of digital wallet era in Pakistan. Easypaisa has been rooted in the Pakistani economy for decades especially, in the rural areas where there are rarely any banking services. Easypaisa has achieved a myriad of financial inclusion in Pakistan. With Easypaisa one can perform day to day financial transactions like transfer cash, save money, buy products/services online, withdraw cash through ATM, pay utility bills, and receive international remittance at ease.…

Mr. Noman Azhar, Executive Vice President and Head of Branchless Banking and Digital Implementation Department, JS Bank discusses the impact of the lockdown on the Banking front in Pakistan. He further explains the growing trend of digital banking and how JS’ 110 million COVID-19 funds are playing its role to curb the pandemic. Global Village Space (GVS ) interviewed with Mr. Noman Azhar. He is the Executive Vice President at JS Bank and also heads…

The exclusive partnership will equip SadaPay Wallet holders with Mastercard debit cards that can be used locally and internationally on e-commerce, POS and ATMs 4th May 2020: SadaPay, a fintech challenger launching in Pakistan has announced a new exclusive partnership with Mastercard to promote digital payment. Pakistan is the 5th most populous country in the world, where 87% of 220 million people remain unbanked, but about 1 million smartphones are coming online every month. SadaPay…

KARACHI – Telenor Microfinance Bank, Pakistan’s leading microfinance institution, along with its premier mobile banking platform Easypaisa has been empowering the lives of Pakistani citizens and leading the digital revolution by providing convenient payment solutions to users even during these challenging times. Easypaisa – Pakistan’s first mobile-based branchless banking service – gives complete convenience and empowerment to its customers. Their services include liable over-the-counter transactions, mobile banking as well as domestic and international remittances. Along…

Google and Gates Foundation to help spread digital payments in developing countries Do you know Google and Gates Foundation to help spread digital payments in developing countries? For more than a decade, Kenyans from the bustling capital of Nairobi to far-flung farms have had access to a digital payments service that was ahead of its time. M-Pesa, introduced in 2007 by Vodafone and Kenya’s Safaricom mobile provider, lets users send and receive money on their…

ISLAMABAD: Daraz launches country’s first e-commerce index. Pakistan’s first e-commerce index was launched at an online event, hosted by Daraz, showing an increase in digital payments and growing demand for online shopping. Federal Secretary for IT and Telecommunication Shoaib Siddiqui attended the event. The purpose of the index is, not only providing insight about consumer behavior online amid the Covid-19 pandemic, but to also help stakeholders linked with the e-commerce industry, understand the online shopper.…

Islamabad: State bank of Pakistan granted EMI license to Sadapay. SadaPay has announced that it has been granted the in-principle approval by the State Bank of Pakistan (SBP) for an Electronic Money Institution (EMI) license. This approval allows SadaPay to ready its operations for the pilot phase, during which the digital wallet will be available on a limited scale, under supervision of the regulator. The startup is founded by American serial entrepreneur Brandon Timinsky, who…

Several companies have selflessly promoted online payments recently due to the Corona Virus outbreak. By waiving customers charges from internet, mobile and ATM transactions, Banks opt to ensure the safety of their customers and employees during this outbreak. Basically, the digital payments in Pakistan have received a big push; not only in Pakistan but many other countries too, people are reducing the use of cash out of fear of contracting the virus. Pakistan’s e-commerce index…

Western Union Expands Global Real-Time Payments Network Real-Time Payments into Select Bank Accounts and Wallets now in 50 Countries. Western Union Expands Global Real-Time Payments Network. Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced continued expansion of its Global Network for real-time money-movement and payments, benefiting the Company’s consumers and clients across its branded money transfer and payments business as well as its expanding white-label business. This press…