Tameer Bank has accepted an offer from Telenor Group for the purchase of 49% shares in the bank, we have checked… Read More
Statistical Look at Payment System and Retail Banking of Pakistan for 2014-15
Pakistan has witnessed a huge surge in retail banking transactions over last few years with ATM cards accounting for 64%… Read More
Banks Discriminatory Treatment With Customers Not Acceptable: SBP
State Bank of Pakistan (SBP) has issues a warning that it will not accept any discriminatory treatment of customers by… Read More
SBP Makes Biometric Verification Mandatory for Opening Bank Accounts and Using ATMs
Biometric verification has been made mandatory for opening a new bank account and using ATMs by the State Bank of… Read More
State Bank May Discontinue Rs. 5,000 Currency Notes
State Bank of Pakistan is considering to discontinue the currency notes with denomination value of Rs. 5,000, said State Bank of Pakistan (SBP)… Read More
SBP is Not Working on Any New Design for Currency Notes in Pakistan
There have been a lot of rumors that State Bank of Pakistan (SBP) is working on designing new currency notes.… Read More
SBP Directs Commercial Banks to Set Up Cash Processing Centers
Banks shall establish specialized ‘Cash Processing Centers (CPC)’ having state of the art cash processing machines and storage facilities on… Read More
Allied Bank Deploys Oracle Exadata Database Machine
Allied Bank Limited (ABL) has reduced the close of business (COB) processing time by as much as 50 percent with… Read More
Easypaisa Loses EOBI Account for Disbursement of Pensions
Tameer Microfinance Bank has lost the significant account of pension disbursement of EOBI (Employees Old Age Beneficiaries Institution) after Bank Alfalah won… Read More
Monet Raises Funding for its Payment Gateway and mPOS Solutions for Pakistan
Monet (Private) Limited today announced that it has won the “Grand Challenges Explorations”, an initiative funded by the Bill & Melinda Gates… Read More
UBL Funds Launches the 1st Mobile App in the Asset Management Industry
UBL Fund Managers Limited (UBL Funds) announced the launch of the ‘UBL Funds Smart Savings’ App – the first of… Read More
Waseela Bank and Western Union Sign Agreement for Home Remittances
Waseela Microfinance Bank Limited (WMBL) has signed an agreement for home remittance services with Western Union Company, a global leader… Read More
