Payments News

On The Web

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Domains

Karachi based Fintech Safepay Plans to Become “the Stripe of Pakistan” after Receiving Support from Y Combinator

“Pakistani Fintech firm Safepay recently received an investment from Y Combinator and it’s now planning to become “the Stripe of Pakistan.” Karachi-headquartered Safepay has notably become the first Pakistani Fintech to complete Y Combinator’s program for startups. The company was reportedly a part of YC’s S20 batch and recently graduated. It has also secured $150,000 in capital.”
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Domains

NIFT signs MoU with Checkout.com for int’l payment methods

“NIFT and Checkout.com sign a Memorandum of Understanding (MoU) for collaboration between both entities, bringing greater payment optionality to the Pakistan market. The agreement enables both organisations to provide payment services through each other’s infrastructure, pursue commercial opportunities as a partnership. This strives towards a borderless experience for business and consumers alike, promoting digital payments […]
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Global

‘Almost all’ Pakistani banks hit by hackers

“FIA director Mohammad Shoaib told local media about the breach shortly after cybersecurity firm Group-IB warned that a dump of Pakistani credit and debit card details has been doing the rounds of carder forums. According to Geo News, six banks have suspended the use of their debit cards outside of Pakistan. Last week, hackers got away […]
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Global

The need to digitise the economy

“PAKISTAN has been undergoing a digital shift for some years now which has changed the way people shop, pay bills, order cabs, buy cinema tickets, book hotels, do grocery shopping and dine outside.”
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Global

State Bank of Pakistan sets new rules for electronic funds transfer

“The State Bank of Pakistan (SBP) on Wednesday unveiled new guidelines for electronic funds transfer to ensure consumer protection and payment transparency.The guidelines define how customers should electronically access their bank accounts for fund transfer, using automated teller machines (ATMs), internet and mobile devices. The regulations will be effective from October.”