Tag: BFSI

Cross-Border Payment Gaps Drain 1.6 Billion Dollars from Pakistan E-Commerce Yearly

A new Payoneer report reveals that Pakistan’s e-commerce sector loses $1.61 billion annually due to checkout inefficiencies and cross-border payment friction.

EFU Life Insurance Achieves 100 Percent Success in BCP Validation and ISO 27001 Alignment

EFU Life Insurance completes a comprehensive Business Continuity Plan validation exercise with a 100 percent success rate ensuring operational resilience and ISO 27001 compliance.

Raqami Islamic Digital Bank adopts 1LINK Reconciliation as a Service to enhance operational efficiency

Raqami Islamic Digital Bank partners with 1LINK and Timestream Management to implement RECaaS, streamlining financial reconciliation and digital banking operations.

Khushhali Microfinance Bank Launches 1GO Raast P2M Service To Accelerate Merchant Digitization

Khushhali Microfinance Bank has partnered with 1LINK to enable Raast P2M services allowing merchants to accept digital payments via static QR codes across Pakistan.

Finance Minister Muhammad Aurangzeb Encourages Overseas Investment via Roshan Digital Account at Washington Roadshow

Finance Minister Muhammad Aurangzeb addresses the Pakistani diaspora in Washington, highlighting the Roshan Digital Account as a stable pillar for economic growth

Faysal Funds and SZABIST Partner to Drive Financial Literacy and Investment Education for Students

Faysal Funds signs an MoU with SZABIST to bridge the gap between academia and financial markets by equipping students with essential investment and saving skills.

Pakistan RDA Inflows Hit $12.43 Billion as Digital Banking Adoption Surges Among Diaspora

Pakistan’s Roshan Digital Account reaches a cumulative inflow of $12.43 billion in March 2026, driven by seamless digital onboarding and Islamic investment growth.

JazzCash Partners with KP Government for Digital Ehsaas Fuel Support Scheme Disbursements

JazzCash and Mobilink Bank become the exclusive partners for Khyber Pakhtunkhwa’s Ehsaas Fuel Support Scheme to digitize fuel subsidy distributions.

Khud Mukhtar Khatoon and Xenia Partner to Bridge Financial Access Gap for Women in Pakistan

Mobilink Bank and Xenia announce a strategic partnership to provide Shariah-compliant nano finance solutions through the Khud Mukhtar Khatoon initiative.

Japan Classifies Crypto Assets as Financial Tools Under Amended Exchange Act

Japan amends the Financial Instruments and Exchange Act to regulate crypto assets, introducing strict insider trading bans and 10 year prison sentences.

Easypaisa Digital Bank Leads Disbursement for Prime Minister Fuel Package 2026

Easypaisa digital bank partners with the Pakistan government to disburse 1.2 billion rupees under the Fuel Package 2026 initiative on April 9 2026.

Iran Demands Bitcoin for Strait of Hormuz Tanker Tolls During U.S. Ceasefire

Iran implements a digital currency toll system for oil tankers in the Strait of Hormuz during its 2026 ceasefire with the U.S. requiring Bitcoin for passage.