All News and Announcements
The IMF Has Raised the Alarm Bell on Pakistan’s Microfinance Sector. Where Does It Stand?
This concern is not new; the microfinance sector has been grappling with severe challenges for a couple of years.
Egypt-Based Fintech MNT-Halan Acquires Advans Pakistan Microfinance Bank
Advans Pakistan Microfinance Bank Limited, the target of the acquisition, represents the Pakistani branch of the renowned Advans Group, a leading international microfinance group with operations spanning nine developing countries.
Ericsson, Telenor Microfinance Bank Strengthen Partnership to Propel Easypaisa Financial Services
Ericsson and Telenor Microfinance Bank have signed a multi-year extension of their partnership to propel easypaisa’s financial services offerings and expand the horizon of their service portfolio within the fintech sector in Pakistan.
The State Bank of Pakistan Awards In-Principle Approval to 5 Digital Retail Banks
The awardees include HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited and Telenor Microfinance Bank Limited.
Pakistan’s President Calls for Measures to Strengthen Financial Inclusion, Gender Equality
President, Dr. Arif Alvi urged the banking institutions to take measures to further strengthen financial inclusion and gender equality in the sector.
Symbiotics Investments Closed the First Local Currency Transaction in Pakistan With Kashf Foundation
Symbiotics Investments' loan represents the first-ever local currency loan by any international institution in the microfinance sector of Pakistan.
VEON’s Mobilink Bank Becomes First Microfinance Bank Globally to Join the GSMA Connected Women Commitment Initiative
The global digital operator VEON last week announces that Mobilink Microfinance Bank Ltd. in Pakistan has signed up to the GSMA’s Connected Women Commitment Initiative set up to accelerate digital and financial inclusion for women.
U Microfinance Bank, Pathfinder Group Join Hands to Extend Digital Financial Services to Customers
The partnership will give the bank an opportunity to expand their digital outreach and bring the unbanked population into the financial ecosystem in an efficient manner.
China Mobile Showcases PayMax, Its First Digital Payments Solution
This strategic venture aims to empower the people of Pakistan with a financial solution that is secure, unique and ensures inclusion in the unbanked sector of Pakistan.
U Microfinance Bank Islamic Banking Receives International Recognition During 8th Islamic Retail Banking Awards
The award honors U Bank’s recent introduction of Shari’ah-compliant financial solutions in Pakistan and comes soon after U Bank’s full-scale commercial launch of Islamic Banking services nationwide.