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ATMs

Digital mode of payment
Opinion

Digital mode of payment

An amendment was introduced to the Income Tax Ordinance, 2001 (ITO) in September 2021, vide presidential ordinance ...
Published 01 Jun, 2022 05:53am
Rise of mobile banking
BR Research

Rise of mobile banking

Statistics from late last year show that banking customers in Pakistan were transacting more (in value terms) via ...
Published 18 Apr, 2022 08:39am
Good times for e-banking
BR Research

Good times for e-banking

The usage of electronic banking (e-banking) continues to improve in Pakistan, thanks to regulatory response during...
Published 01 Jul, 2021 07:40am
Japan's Mizuho to decline to chair lobby group after glitches
Markets

Japan's Mizuho to decline to chair lobby group after glitches

  • Instead, Japan's No.2 lender Sumitomo Mitsui Financial Group Inc will take over from the current chair Mitsubishi UFJ Financial Group Inc from July, the source said on condition of anonymity.
  • The issue on March 11 was a hardware problem at its data centre, which delayed 263 foreign currency-denominated remittances for corporate clients, worth 50 billion yen.
Updated 13 Apr, 2021 07:50pm
Japan's Mizuho to revise IT contingency plans after glitches
Business & Finance

Japan's Mizuho to revise IT contingency plans after glitches

  • Mizuho, Japan's third largest lender by assets, has a history of technical problems. The bank started operating its current system in July 2019 after spending more than 400 billion yen ($3.6 billion) to develop it.
  • I don't see a problem at the core banking system itself for now, but some repair may be needed if necessary.
Published 05 Apr, 2021 06:35pm