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Payments

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LAHORE – NIFT signs agreement with Allied Bank for digital financial services. National Institutional Facilitation Technologies (NIFT) and Allied Bank recently signed a strategic agreement to enable digital payments (Mobile/e-Commerce ) through NIFT’s Digital Financial Services platform under the brand name “NIFT ePay”. In an effort to promote Digital Payments in Pakistan, NIFT, an existing Payment System Operator/Provider (PSO/PSP) offering nation-wide cheque clearing services, is gearing up to soon launch its e-commerce payment gateway. NIFT…

How to use Google’s featured snippets to boost your digital marketing clout? Do You Know How to use Google’s featured snippets to boost your digital marketing clout? When it comes to your brand’s ranking in a Google search, you’re most likely focusing your efforts on getting the top ranking in search results. In reality, gaining “featured snippet” status can be much more beneficial to your marketing efforts. So, what’s a featured snippet? It’s the “answer…

KARACHI: Banks asked to improve digital payment system. The State Bank of Pakistan on Monday directed the banking industry to improve acceptance of payment cards across the country. The directive is aimed at boosting digital payments and promote financial inclusion, the central bank said. Also Read: The Startup Gen – Pakistan’s First Ever Digital Reality The banks are now bound to offer the domestic payment scheme card- PayPak – to customers as first priority, the…

Attention YOUTUBERS! PEMRA Issues Notice For This Fee Attention YOUTUBERS! PEMRA Issues Notice For This Fee. Youtubers will once again be in trouble, according to recent news, as PEMRA released a notice stating that Youtube License fees will now be compulsory for content creators. Details The Pakistan Electronic Media Regulatory Authority (PEMRA) issued a notice stating that a license fee will be paid to Youtubers across Pakistan. Youtube License is mandatory. PEMRA Issues Notice For…

SBP reduces fees to improve Pakistan’s digital payment infrastructure. SBP reduces fees to improve Pakistan’s digital payment infrastructure. In order to improve the digital payment infrastructure in Pakistan, the State Bank of Pakistan has decided to facilitate the Point of Sale (POS) acquiring industry. The State bank pointed out that there has been considerable growth in the digital payment infrastructure of the country, especially in the number of debit cards being issued by the banks…

Amazon is Working on Hand-Scanning Payment System. Amazon is reportedly in the process of developing a system that scans users’ hands to receive payment instead of a physical credit card, cash or phone system. The point of sale terminals would be placed in physical retail stores and would allow customers to forgo carrying physical forms of payment. Instead of a universal approach, Amazon’s system would allow users to scan their hands on a store-by-store basis.…

PM invites German software company to support ‘digital Pakistan’. Prime Minister Imran Khan on Wednesday invited SAP (System, Applications and Product) , a software solution company of international acclaim, to support ‘Digital Pakistan’ initiative in skills development and training of youth in collaboration with major universities. In a meeting with Chief Executive Officer SAP Christian Klein on the sidelines of World Economic Forum at the Swiss resort Davos, the prime minister expressed desire for establishing…

Huawei Cooperates with National Bank of Pakistan and UnionPay International to Launch Huawei Pay. In cooperation with UnionPay International and National Bank of Pakistan, Huawei has launched its mobile wallet service Huawei Pay in Pakistan, making it the 4th market where Huawei Pay has been made available, following China, Russia and Hong Kong (China). HUAWEI or HONOR smartphone users who are also holders of NBP UnionPay Virtual Card can now visit HUAWEI AppGallery to download…

Pakistan adopts roadmap towards cashless society. A roadmap has been brought in practice in government’s circles to take the country towards a cashless society, reports Gwadar Pro Mobile News Net.The State Bank of Pakistan (SBP) earlier launched the National Payment Strategy System (NPSS) in order to build a road map and action plan for Pakistan to have a modern and robust digital payments network.According to the report, the key goal of the strategy is to…

KARACHI: Easypaisa collaborates with Airlift Technologies for Digital Payments . Easypaisa, the country’s leading digital payments platform has partnered with Airlift Technologies, the first decentralized mass transit service in Pakistan, to allow quick, easy and cashless payments for passengers around various routes available across Karachi and Lahore. This agreement will allow Airlift users to conveniently make payments through the Easypaisa payment platform integrated within the Airlift application. Additionally, this partnership also necessitates disbursement of incentives…