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Topic

ATMs

Digital mode of payment

Digital mode of payment

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

Rise of mobile banking

Published 18 Apr, 2022 08:39am
Statistics from late last year show that banking customers in Pakistan were transacting more (in value terms) via ...
E-banking: growing momentum

E-banking: growing momentum

Published 03 Mar, 2022 09:54am
After posting a strong performance in FY21, the banking sector’s prominent alternate delivery channels (ADCs) –...
Good times for e-banking

Good times for e-banking

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

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

Updated 13 Apr, 2021 07:50pm
  • 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.
Japan's Mizuho to revise IT contingency plans after glitches

Japan's Mizuho to revise IT contingency plans after glitches

Published 05 Apr, 2021 06:35pm
  • 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.
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