International money transfer apps have revolutionized the way people send and receive money across borders. Pakistan, like many other countries, has a large population of expatriates who work abroad and send money back home to their families. With the advent of international money transfer apps, the process of sending money to Pakistan has become easier, faster, and more convenient than …

Sadaf Amir, a mother of two, runs a successful cloth selling and stitching business in Islamabad. Her story is a testament to the phenomenal role that financial inclusion, powered by digital banking technology, can play in transforming lives. Sadaf’s husband was the sole breadwinner of the family but had limited income. Sadaf’s father-in-law used to help support their family but …

In a series of panel discussions on digital payments in Pakistan, an information packed webinar was held by Badar Khushnood and Asfandyar Farrukh. While the previous two webinars touched upon Freelance payments and Account based payments, this one was about card based payments.  For those not aware of card based payments, You will need a good amount of time to …

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 Wallet …

For years businessmen have had the trouble of making digitizing their business and payments, the technical and financial resources required to digitize any business was a risk not everyone was prepared to take. On the other hand ordering from something online has been a difficult decision to make for customers. The problems with CODs, frauds in eCommerce, unavailability of  verified …

In the past few months, there has been a surge in online traffic mainly due to Covid-19. It has also forced many businesses to shift online and e-commerce based startups are also thriving. This has created a market for payment handling services that accommodate these online merchants. Safepay provides a secure environment to receive online payments. It’s growing as a …

Skrill, by Paysafe, is an online payment gateway/ e-wallet. It provides basic services of any other e-wallet – sending/ receiving payments & online shopping, etc- but what sets it apart is its simplicity and low-cost international transfers. You can sign up with an email address. This allows you to receive payments to your skrill account. For online shopping and sending …

Remember the days, when deals with clients were put off because there was no reliable way to send money. Pakistanis could not compete in the world’s freelancer market. Payoneer, PayPal, and other brands refused to enter our country. And today. Freelancers in Pakistan have flourished and in 2017 alone, they earned a total of 500 million. Small businesses have expanded …

Kuickpay, by Innovarge, is a digital payment aggregator for businesses, which means it manages the collection of all the money on behalf of a business. It provides an API engine for integration, that business owners can use to manage invoices. Gone are the days when you had to stand in queue for hours to submit payments. Online payments are the …

Sadapay is an upcoming digital wallet that provides international digital payment solutions. They have been granted an “in-principle” approval for the Electronic Money Institute (EMI) license from State Bank of Pakistan; this will allow them to operate as a digital wallet. They aim to increase financial inclusion and disrupt traditional banking through its mobile-first approach that makes it easier for …

Pakistan’s largest branchless banking service provider unveils its new digital identity today. easyapisa has recently re-launched its app with new layout and altogether changed look & feel that was taken very well by its customers. Year 2019 has seen major launches by the brand churning out one feature after another. Clarity has reviewed the new interface and here is how …

With the recent advancements in the Fintech industry throughout the world, payment methods have evolved to a great degree. So have the payment methods in Pakistan (See also Nayapay received in-principle approval from SBP for EMI). Recently, a number of Fintech companies have emerged forward to initiate their digital payment services for Pakistan’s business sector. Among the current emerging Fintech …

Foree Pakistan is developing as a premium payment solution system in the country. The company delivers e-Identity, e-Governance, and payment solutions. The basic aim of the organization is to aid the country’s economy by solving the issues of Financial disclusion and delivering Social Economic Justice. It is a service of ForeePay Private Limited. Since the company is a recent startup, it …

It was a delightful morning for the Nayapay executives as Sindh Bank granted in-principle approval to operate as an Electronic Money Institution (EMI). As per the press release from the company, this comes as a delight for all the customers who have been following Nayapay. According to the press release, due to this approval, the company can now establish a pilot …

JS Bank since its establishment in 2007, has always been prone to advancements and enhancements in the banking sector. Being the major subsidiary of JS Group, JS Bank holds a significance in the country’s economic affairs. Despite the various enhancements, Pakistan’s banking sector is still behind in comparison with international banks. However, private sector banks such as JS Bank is …

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 …

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 …

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 …

Ever got into a situation where you needed to receive payments from abroad or wanted to send money from Pakistan to some other country? You must have explored the options and found them to be expensive and not so easy. Here is one solution that is easy and cheap. Xoom, a Paypal service makes inter-border money transfer easy like never …

There are multiple payment solutions that exist in Pakistani market today. These solutions can be categorized in to two groups; Retail solutions and Online. ‘TILL’ payment solution by Easypaisa is primarily aimed for Retailers to use for payment acceptance in shops. Let’s have a detailed look at it What is Easypaisa ‘TILL’ and how it works? A TILL is a …