MoneyGram exploring options, including potential sale: Sources

The Dallas-based company’s shares have lost 83 percent of their value since the deal with Ant Financial collapsed in January 2018

Mobile broadband fosters digital financial services

Mobile account ownership in Pakistan has witnessed a reasonable increase and crossed the 39 million mark, which was 15 million at the end of...

Pakistan’s first blockchain-based cross border remittances service launched

The blockchain-powered remittance service will make round-the-clock, real-time money transfers between the two countries possible at a competitive exchange rate, with Alipay’s transaction fees waived during the one-year trial period

SBP issues ‘Security of Digital Payments’ for banks/MFB in the wake of recent cyber attacks

SBP on Wednesday issued “Security of Digital Payments’ in order to safeguard banks/MFBs and their customers from potential losses due to cyber-crimes and online banking frauds.

Japan’s Line ties up with Tencent, Mizuho; shares jump

Japanese retailers offering Line Pay services will be able to process payments from the growing numbers of Chinese tourists using Tencent’s WeChat Pay from early next year, Line said

Banking sector in shambles over a plausible cyber-attack

MCB, ABL, other major banks reassure customers’ safety, SBP certifies only Bank Islami was affected

Transactions through e-banking channels touched Rs47.4 trillion in FY18: SBP

The number of local e-commerce merchants registered with banks reached 1,094 and consumers carried out 3.4 million online e-commerce transactions valuing Rs 18.7 billion

Chinese entities interested in providing IoT, financial and transportation solutions in Pakistan

Megvii Technology based in Beijing is seeking to enter the Pakistani market for developing apps and other software for transportation departments and one of its services can recognize vehicles’ number plates

Alibaba vs Tencent in Pakistan?

The battle between China’s internet giants is about to come to Pakistan, and transform the country’s tech industry… but who will it be good for?

Alibaba co-founder Jack Ma to retire: New York Times

Ma, who founded Alibaba in 1999, stepped down as chief executive in 2013. He currently serves as the company’s international face at top political and business events

Fintechs: Goliaths of today, dinosaurs of tomorrow?

Innovation is not the done thing in Pakistan’s commercial banking and soon Pakistan’s financial services industry is expected to witness a David-and-Goliath contest of sorts, with Fintechs with negligible capital taking on commercial banks with billions, even trillions, in assets – and beat them

Ant Financial raises $10 billion from global and local investors

The fundraising values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016

Kenyan digital payment company planning to open operations in Pakistan

Till March this year, 10 percent of the transactions or $24 million being handled by BitPesa included countries in Asia

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