UpRenting is Pakistan’s first person to person renting platform where you can rent anything. UpRenting offers features like escrow payments (wiki: an escrow is a contractual arrangement in which a third party receives and disburses money) and ID card verification which means lenders can enable Verify ID on their item and it will require the borrower to have his/her account verified through CNIC. How UpRenting Works? …

Here is the list of payment service providers in Pakistan. It includes startups, banks, and telecom companies offering digital financial solutions. The product categories focused here include general online and mobile banking, micro lending, mobile wallets, and payment gateways. (If you think some information is wrong or missing, request for a change of information here)   ​ Company Name Functions Mobile Apps Details Finja SIMSIM …

JazzCash Mobile Account is a real bank account service provided by JazzCash, which is a branchless mobile banking service, under a telecommunication and mobile operating cooperation named Mobilink and partnered with Mobilink Microfinance Bank (previously known as Waseela Microfinance Bank). About JazzCash Powered by 75,000 nationwide retail networks, JazzCash -previously named as MobiCash- is the fastest growing banking service in …

Clarity had the opportunity to talk to Daftarkhwan, a famous coworking space in the heart of Lahore, and bring out the details of what this space is all about. The co-founders, Saad Idrees and Ahmad Habib, have nurtured this place with all the passion and energy to raise the bar high for other players in the market. They describe it as a melting pot of creativity …

Uber, a US based ride hailing company, is in “preliminary talks” with Middle East based competitor Careem to strike a deal. Its too early to speculate but the reports by Bloomberg, tells the beginning of strategic talks between the two parties. In its discussions with Careem, Uber has said that it would need to own more than half of the combined company, if not buy Careem outright, …

Allied Bank, one of the largest commercial banks in Pakistan, has partnered with AutoSoft Dynamics and Finja to implement a complete branchless banking solution. The solution will provide easy access to banking services, including instant opening of accounts anywhere, anytime with no requirement to visit a bank branch. Furthermore, this solution unleashes innovative digital financial services especially for the unbanked …

Islamabad, June 18, 2018: The country’s leading proponent of financial inclusion, Karandaaz Pakistan has launched this year’s call of its annual Women Entrepreneurship Challenge (WEC) aimed at women-led businesses across Pakistan. Karandaaz will provide customized business development support as well as invest up to PKR 20 million (per business) in women-led businesses that qualify for the program and successfully demonstrate …

If you are a crypto enthusiast chances are you have heard about PakCoin. Standing strong since launch despite recent ban, we were curious to know about the brain behind this currency and what are their plans. Luckily we got hold of the main developer, Abu Shaheer, who is the mind behind Pakcoin architecture. We shot the questions and got some interesting replies. Have …

In this technology driven age, the conventional banking players are evolving to compete with more agile and smaller fintechs. The change is not easy but they are doing whatever it takes to be relevant in the future. MCB, one of the biggest banks in Pakistan, has not just a reliable and secure payment gateway (eGate – MCB Payment Gateway for Ecommerce Businesses) but …

Roboart – an IoT based startup from Lahore has taken their products to the next level. Driven by the passion of producing smart solutions for making consumer life easier, modern, and productive has already made their mark with producing a famous smart car product called Car Chabi and now they are on the verge of bringing new Smart Gate Unlock product for the masses. Finding …

Being at the forefront of fintech explosion in Pakistan, JazzCash has launched the Online Banking portal for masses to manage their banking needs. The launch shows importance and commitment towards making online or mobile banking experience easier and widespread.  According to Aniqa Afzal Sandhu – Chief Digital & Financial Services Officer at Jazz, said: JazzCash Online Banking Portal Existing JazzCash Mobile …

Easypaisa has partnered with Masterpass, a digital wallet by MasterCard, to enable QR code based payment using Easypaisa Mobile App. Now, Easypaisa Mobile Account customers will be able to make payments at merchants with Masterpass QR code through Easypaisa App. Masterpass has around 100,000 merchants operating in Pakistan that have been issued QR codes. In other words, these merchants are …

8th May 2018 – Rocket Internet announced today the acquisition of its Daraz Group platform by the Chinese eCommerce giant Alibaba Group (“Alibaba”). The acquisition is 100% with an undisclosed amount. This is the second major acquisition, after 45% stake in Telenor Bank, of Alibaba Group in Pakistan. Founded in 2012, Daraz Group operates mainly in Pakistan, Sri Lanka, Bangladesh, Nepal and Myanmar and …

After the success of APIthon Chapter I, Abacus Consulting is organizing the API Hackathon again but this time with the theme of “Collaborate to Innovate”. Last time APIthon attracted dozens of skilled professionals; this time also, the event has attracted skilled professionals associated with startups, tech companies, individual developers, and enterprises. They all will collaborate to innovate and bring alive the APIs in motion. …

Telenor Velocity is organizing Pakistan’s First IOT Hackathon in collaboration with Telenor’s IOT Team and Plan9. The hackathon will comprise of IOT startups competing with each other and pitching their products in front of top IOT experts of Pakistan! The participating startups will develop their solution in this 36 hours long hackathon and will be building innovative IOT solutions by combining hardware, software, and data science. Telenor Velocity will not left you stranded and will bring the best mentors, speakers and judges from within the Pakistani …

Karandaaz, a premier player for promoting financial inclusion and innovation in fintech space in Pakistan, is holding the 3rd round of its Fintech Disrupt Challenge (FDC) 2018. The Karandaaz FDC 2018 aims to harness the most innovative ideas from the financial technology space and transform them into scalable solutions. Last year winner, CreditFix, won the competition with their Digital Lending …

This article is intended for someone looking for payment gateways to accept digital payments in Pakistan from national and international customers. UBL is Pakistan’s one of the largest private sector banks. In 2017 Pakistan Banking Awards, UBL was declared Pakistan’s ‘Best Bank for Corporate Finance & Capital Market Development’. Often termed as best bank when it comes to branchless banking, it boasts an agent network …

Careem has released a security update intended for its subscribers about a cyber attack on its servers that happened on 14th Jan 2018. Reportedly, customer personal data was compromised. According to the official release, stolen data of customer accounts include, Keeping transparency with its customers, the ride hailing service came public to announce the news instead of keeping it a secret – which …

This debate is fresh as it gets. We have not heard a single consistent opinion from subject matter experts, around the world, that whether Bitcoin or any cryptocurrency is Halal or not. According to a recent research study by an Indonesian Islamic Scholar, Mufti Muhammad Abu Bakar, an Islamic scholar and head of Sharia compliance at Blossom Finance Indonesia, has …

In the previous article, Web Scalability – Series / Part 1, we discussed the basics of web infrastructure scalability and how it can be used. Realizing the importance of fast paced apps with tons of data to process, we will cover this time, the basics of asynchronous processing. What is Asynchronous Processing? Imagine if you send a request to a …