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
SBP launches Raast P2M service to facilitate digital payment acceptance
New service enables customers and merchants to make and receive digital payments via QR codes, RTP, IBAN, and Merchant Alias
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.
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
Banking sector in shambles over a plausible cyber-attack
MCB, ABL, other major banks reassure customers’ safety, SBP certifies only Bank Islami was affected
Computer services have fueled ICT exports in recent years: SBP
The central bank said the country’s informal exports were higher than its formal exports and projections by industry experts put the total size of its ICT exports at $2.5 billion
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...
NayaPay, Alipay+ partner to boost global payments into Pakistan
The fintech platforms will use QR codes compatible with Raast and Alipay+ payment partners to enable cashless transactions and support SMEs
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
Covid-19: 1LINK collaborates with Bookme to facilitate online ticketing
LAHORE: E-payment network 1LINK has partnered with online ticketing startup Bookme.pk for 1LINK – 1BILL aggregation services to simplify digital payments for...
Data usage jumped 25pc, revenue from voice traffic declined 10pc during lockdown
ISLAMABAD: Apart from other impacts of the outbreak of coronavirus, the lockdowns and work from home initiatives have also changed the consumers’...
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
Banks asked to improve digital payment system
KARACHI: The State Bank of Pakistan on Monday directed the banking industry to improve acceptance of payment cards across the country.
The directive...
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
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