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
Govt halts National Digital Wallet project
IT Ministry deems cashless economy initiative infeasible
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.
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
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
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...
Visa aims for 10-fold rise in Pakistani use of digital payments
Strategy involves transforming phones into payment instruments and accepting various forms of payment, including QR and card tap
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
The problem is access to credit, not payments claims Abhi CEO at World Economic Forum
Representing Pakistan’s fintech community at World Economic Forum, Omair Ansari claims it is a fallacy that Pakistan has a big unbanked population because of the impact of the telcos.
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
Bitcoin breaches $10,000 to hit highest level since October
Bitcoin is back above $10,000. The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first...
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...
Banking sector in shambles over a plausible cyber-attack
MCB, ABL, other major banks reassure customers’ safety, SBP certifies only Bank Islami was affected
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...
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