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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: 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…

Mastercard signs agreement with Askari Bank to expand Credit Card issuance and bring innovative payment solutions to Pakistan. Mastercard has signed an agreement with Askari Bank Pakistan for a multifaceted partnership to enhance customer experience and launch new products for a growing number of the Bank’s customers. The agreement is part of Mastercard and the Bank’s commitment to bring innovative payment solutions to more people across the Middle East and Africa region and forge strategic…

JazzCash Introduces Country’s First Self-Onboarding Feature for Businesses. In line with their vision to develop the digital payments ecosystem, Pakistan’s leading digital financial platform, JazzCash, has successfully launched a Digital Merchant Onboarding portal – the first of its kind in the industry. This solution allows business owners to swiftly and seamlessly register their business accounts online via the JazzCash website and start receiving digital payments through QR codes. Customers can make payments by scanning the…

Digital Payment is one a helpful way to limit COVID-19 in Pakistan Digital Payment is one a helpful way to limit COVID-19 in Pakistan. Several countries around the world including Pakistan have recommended consumers and businesses for using digital payment instead of cash. With each passing day of the Coronavirus outbreak bring uneasiness amongst people in number of ways. Recently the World Health Organization (WHO) suggested that currency notes are very likely to be one…

How Digital Payments Going Viral? The rapid spread of the coronavirus over the past few weeks has forced most governments to lockdown on day-to-day public life. Globally, the only things spreading faster than the virus is fear itself and the use of digital services. In a way, the virus and screen time going out of control together. Around the world, grocery stores, pharmacies and petrol stations remain the few places where one can still spend…

SCO and VRG Signed an Agreement to Initiate Digital Payment Services and Mobile Wallet. Special Communications Organization (SCO), one of the leading digital communications service provider of Azad Jammu & Kashmir (AJ&K) and Gilgit Baltistan (GB) and Virtual Remittance Gateway (VRG) Pakistan signed an agreement for launching digital payment products & services and Mobile Wallet for S-Paisa customers in AJ&K and GB. The signing ceremony was held at HQ SCO and was attended by SCO…