Pakistan

Pakistan Digital Banking Startup Secures Record Seed Round

Pakistani digital banking startup Tag has secured over US$12 million in the largest seed funding round to have taken place in South Asia. With the fundraise, Tag’s valuation now stands at US$100 million, TechCrunch reported, with the company closing the

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8 Pakistani Fintech Startups You Need to Know in 2021 and Beyond

Pakistani fintech startups are making their mark in what is a relatively small but growing startup ecosystem. In Q1 this year, Pakistani fintech startups fetched funding of US$19.3 million in what Bloomberg called a fintech “startup funding rush.” Of this,

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Thunes and Bank Alfalah Launch Cross-Border Payments in Pakistan

Singaporean fintech Thunes has announced a partnership with one of Pakistan’s largest banks, Bank Alfalah. The partnership will enable the global payments fintech to offer cross-border payments in Pakistan, a statement said. Both Abu Dhabi Group-owned Bank Alfalah’s clients and

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Pakistani Digital Bank UBL Partners Temenos for Its Digital Transformation

Pakistan’s digital bank UBL has signed an agreement with Temenos and National Data Consultant (NdcTech) to provide and implement a next-generation digital banking solution. Through this agreement, the bank has embarked on a digital transformation journey across all channels, products

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Western Union, Pakistan’s Faysal Bank Team up for Real-Time Account Payout Capability

Western Union, a provider of cross-border, cross-currency money movement and payments, is collaborating with Faysal Bank, one of Pakistan’s Islamic banks, to enhance its real-time bank account payout network in Pakistan. Receivers of international money transfers in Pakistan benefit from

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Top 9 Fintech Startups and Companies in Pakistan That Deserves Your Attention

Although the Pakistani government has managed to bring 21% of the adult population in the financial ambit in the past decade, fintech companies promise to significantly accelerate financial inclusion in the years to come. According to Rehan Akhtar, director of

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Telenor Microfinance Bank Embraces Alipay’s Blockchain Tech for Remittance

Telenor Microfinance Bank, in partnership with Valyou Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service using blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group (“Ant Financial”). The blockchain remittance service is provided

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