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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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...