Banking-as-a-service platform (BaaS) Neem has introduced a payment infrastructure for digital businesses in Pakistan. “Our goal is to address the existing financial wellness gap in Pakistan, and we are doing so by enabling digital businesses to leverage the power of embedded finance,” Nadeem Shaikh, co-founder of Neem, said...
Each country implementing real-time payment methods has to balance various factors, including its banked population, the current favored payment schemes of the populace and penetration of digital payment methods, among many other variables. This month PYMNTS explores the state and future of real-time payments in...
The U.K.’s consumer watchdog has accused three money transfer firms of price fixing. The Financial Conduct Authority (FCA) alleged in a Wednesday (Jan. 25) news release that Dollar East, Hafiz Bros Travel & Money Transfer, and Small World Services fixed prices charged to Glasgow customers who wanted to send money to Pakistan. As...
Pakistani FinTech startup Dbank has raised $17.6 million in a seed funding round, the largest ever in Pakistan. Founded in 2021, Dbank is in the process of building a user-centric digital banking system based on ethical banking. Although currently focused on the Pakistani market, the...
June 01, 2023
Each country implementing real-time payment methods has to balance various factors, including its banked population, the current favored payment schemes of the populace and penetration of digital payment methods, among many other variables. This month PYMNTS explores the state and future of real-time payments in the Netherlands, Nigeria, Norway, Pakistan and Peru. The Netherlands leverages […]
August 18, 2021
Editor’s Note: Erwan Gelebart, who was JazzCash’s CEO at the time of this interview, is no longer with the company. It’s the fifth-largest country in the world based on population,...
May 13, 2021
Slow to the digital field in general, Pakistan’s eCommerce marketplace has hit a major growth spurt in 2020 and 2021, with revenue growing by over 35 percent in the first...
April 26, 2021
Focus may be on China’s progress with the digital yuan — and whether the dollar’s dominance will be threatened — but in the last few days, a slew of announcements...
September 11, 2024
Visa teamed up with 1Link, a payment system operator and payment service provider in Pakistan, to promote digital payments in Pakistan. The partnership will facilitate the integration of the Visa Alias Directory Service with the 1Link network to simplify incoming remittances and improve the user experience, 1Link said in a Wednesday (Sept. 11) post on […]
September 25, 2023
Banking-as-a-service platform (BaaS) Neem has introduced a payment infrastructure for digital businesses in Pakistan. “Our goal is to address the existing financial wellness gap in Pakistan, and we are doing so by...
January 25, 2023
The U.K.’s consumer watchdog has accused three money transfer firms of price fixing. The Financial Conduct Authority (FCA) alleged in a Wednesday (Jan. 25) news release that Dollar East, Hafiz Bros Travel & Money Transfer, and Small...
July 28, 2022
Pakistani FinTech startup Dbank has raised $17.6 million in a seed funding round, the largest ever in Pakistan. Founded in 2021, Dbank is in the process of building a user-centric...
