Tag: microfinance

LogiServe executes a strategic Lending Facility Agreement with Mobilink Microfinance Bank to provide working capital and insurance benefits to e-commerce merchants.

Apna Microfinance Bank Limited receives regulatory approval from the SECP to issue over 116 million ordinary shares to specific institutional and private investors.

Benazir Income Support Programme partners with 1LINK and leading financial institutions to launch interoperable payment withdrawals for social protection beneficiaries across Pakistan.

ABHI Microfinance Bank signs a strategic agreement with Airlink Communication and Select Technologies to offer innovative Buy Now Pay Later financing solutions for digital devices.

Abhi Microfinance Bank and NADRA Technologies sign an agreement to drive digital transformation and financial inclusion across Pakistan.

Karandaaz Pakistan and Tapsys launch a strategic partnership under the SBP Raast RMOFE programme to drive digital payment adoption among 10000 small merchants.

ABHI Microfinance Bank and Dastaq Logistics launch Merchant Lending Services to provide Pakistani SMEs with easier access to growth financing and cash flow support.

Khushhali Microfinance Bank goes live on the 1GO Raast P2M service in partnership with 1LINK, enabling merchants to accept digital payments via static QR codes.

Pakistan is repositioning finance as a driver of inclusive growth through credit guarantees, SME and agriculture lending, women entrepreneur support, housing finance, and workforce development initiatives like the State Bank of Pakistan’s targeted risk sharing and skill financing measures, aiming to embed capital directly into the real economy and expand long term economic participation.

Fintech Gharana has joined Munsalik Digital’s transaction aggregation platform to leverage IBFT and collection services, aiming to enhance nano lending, digital payments and financial inclusion across Pakistan.

The State Bank of Pakistan reports that women’s active bank accounts have risen to 37 million under its Banking on Equality policy, narrowing the gender gap in financial inclusion. Governor Jameel Ahmad announced the progress during the World Bank Group meetings, emphasizing SBP’s commitment to advancing women’s entrepreneurship and inclusive economic growth.

Fintech platform Daira celebrates its first year in Pakistan, surpassing PKR 1 billion in loans to 200,000 customers and expanding into Buy Now, Pay Later (BNPL) solutions under SECP regulation.