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.
Samoa’s First Parametric Microinsurance Product Launched to Cushion Impact of Climate Change
The product which was developed by the Pacific Insurance and Climate Adaptation Programme, will be piloted in Samoa over the next 12 months.
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.
IFC and National Bank of Samoa to Boost SME Finance to Support Entrepreneurs and Create Jobs
International Finance Corporation will invest up to $4 million equivalent in Samoan Tala to boost access to finance for small and medium enterprises particularly women-led businesses and SMEs focused on agriculture.
Samoa’s New Digital Payment System to Boost Financial Inclusion and Support Economic Activity
The new national digital payment platform, the Samoa Automated Transfer System (SATS), is expected to increase access to the financial system for all Samoans.
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.