Trends - fintech - Business Recorder

fintech

Digital bank licences: SBP gets ‘overwhelming’ response

KARACHI: The State Bank of Pakistan (SBP) has received overwhelming response for digital bank licences as some 20...

Published 07 Apr, 2022 05:15am

Business & Finance

SBP grants Careem Pay IPA for EMI licence

Karachi: The State Bank of Pakistan (SBP) has granted Careem Pay with an In-Principle-Approval (IPA) for an...

Published 31 Mar, 2022 05:11am

Technology

Careem Pay gets SBP’s In-Principle Approval for EMI licence

Careem says fintech affiliate plans to invest $50mn to leapfrog the fintech ecosystem in Pakistan

Published 30 Mar, 2022 03:55pm

Pakistan

Pakistan, Singapore agree to enhance cooperation in diverse fields

ISLAMABAD: Pakistan and Singapore, on Thursday, renewed strong desire and resolve to consolidate and further enhance...

Published 28 Jan, 2022 04:45am

Markets

JPMorgan agrees to acquire 49% stake in Greek fintech Viva Wallet

ATHENS: JPMorgan said on Tuesday it had agreed to acquire an around 49% stake in Athens-based payments fintech Viva...

Published 25 Jan, 2022 06:09pm

Business & Finance

‘UBL has joined forces with Visa to drive fintech enablement in Pakistan’

KARACHI: In what is a first for the MENA (Middle East and North Africa) region, and third in the CEMEA (Central and...

Published 25 Jan, 2022 05:03am

Markets

Fintech firm Checkout.com's valuation touches $40bn after latest funding

Checkout.com said its valuation more than doubled to $40 billion in a year, following a $1 billion investment in the...

Published 12 Jan, 2022 07:12pm

Supplements

AI- BASED PARAMETRIC SOLUTIONS TO STOKE INNOVATIONS IN TAKAFUL INDUSTRY

TEXT: Digital transformation in the financial service industry is a strategic imperative that everyone competing in...

Published 04 Jan, 2022 06:54am

Opinion

Young Arabs swipe to fintech as saving, investing takes off

Being raised in the Middle East with a lack of savings and investment culture, many young Arabs are turning to ...

Published 13 Dec, 2021 06:45am

Business & Finance

India’s Paytm Sept net loss widens

NEW DELHI: India’s One 97 Communications Ltd, the parent of fintech firm Paytm, said on Saturday its net loss for...

Published 28 Nov, 2021 05:38am

Pakistan

TAG partners with IDEMIA

KARACHI: TAG recently concluded another round of funding, attracting an additional $12 million in September. The...

Published 26 Nov, 2021 05:15am

Pakistan

TDAP holds webinar on fintech industry

KARACHI: Trade Development Authority of Pakistan (TDAP) conducted a webinar on Opportunities and Challenges for the...

Published 17 Nov, 2021 04:22am

Technology

Pakistan's Abhi raises funds at $40-million valuation

Amount of funds raised not disclosed

Published 15 Nov, 2021 11:52am

Technology

Startup rush: Pakistan fintech Savyour raises $3.3mn in seed round

Pakistan’s startup scene seems to be racing at top gear as another fintech, Savyour, which says it has developed...

Updated 09 Nov, 2021 08:41pm

Business & Finance

More fintech companies in the offing: Dr Reza Baqir

SBP governor says licences to come in tandem with Pakistan's push to adopt digital payments and promote financial inclusion

Published 22 Oct, 2021 08:23pm

Pakistan

UK's CDC Group backs Fatima Gobi Ventures' Pakistan-focused fund

LAHORE: CDC Group (CDC), the UK's development finance institution and impact investor, has made an anchor investment...

Published 02 Oct, 2021 04:45am

Technology

Pakistan's fintech TAG gets $12mn funding at $100mn valuation

Pakistan’s fintech TAG Innovation Pvt. received $12 million from international investors, as it eyes to enhance ...

Published 22 Sep, 2021 03:42pm

Pakistan

Financial products: SECP approves various 'innovative' solutions under SCRS

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) under the Second Cohort of Regulatory Sandbox...

Published 21 Aug, 2021 04:21am

Business & Finance

NITL Funds available on Emlaak Financials

KARACHI: Pakistan’s First Asset Management Company NITL has launched its presence on Emlaak Financials, which is...

Published 03 Aug, 2021 04:35am

World

Egypt eyes surge in fintech investment after new laws

CAIRO: New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and...

Published 24 Jun, 2021 03:36am

Business & Finance

Pakistan's Abhi raises $2m in seed investment

Karachi-based fintech raises sum for its salary advance platform in a seed round led by Vostok Emerging Finance
Abhi will be the second Pakistani fintech to join Y Combinator’s next batch after TAG

Published 07 Jun, 2021 06:19pm

BR Research

Fintech - a game changer for bottom of the pyramid

The microfinance sector in many emerging economies is benefitting immensely from the technology inculcation-...

Published 04 Jun, 2021 07:35am

Business & Finance

Young Tech Entrepreneurs: BoP and National Incubation Centre collaborates

LAHORE: The Bank of Punjab has always been at the forefront to support young entrepreneurs as a part of its CSR...

Updated 28 Apr, 2021 10:04am

Business & Finance

SECP develops coherent policy to promote FinTech environment

ISLAMABAD: The Chairman Securities and Exchange Commission of Pakistan (SECP), Aamir Khan, said that the Commission...

Updated 28 Apr, 2021 10:04am

Business & Finance

SBP 'studying' option to launch its Digital Currency in Pakistan: Baqir

Baqir said that the introduction of an SBPs digital currency will have a twofold benefit to us.
Baqir said that fintech like Stripe and other such big international payment providers are ‘very welcome’ in Pakistan.

Published 09 Apr, 2021 11:23am

Business & Finance

Pakistan-based fintech SadaPay raises $7.2M in seed

SadaPay closes the largest seed round of $7.2 million ever raised by a startup in Pakistan.

Updated 31 Mar, 2021 01:27pm

Business & Finance

SE Asia’s biggest travel app plans fintech expansion before 2021 listing

SINGAPORE: Traveloka, Southeast Asia’s largest online travel startup, plans to launch financial services in...

Updated 01 Mar, 2021 09:41am

Technology

Pakistani fintech grabs USAID Innovation Grant to digitize MSMEs

Launched in September 2019, PayPro has processed approximately 70,000 transactions valued at more than Rs1 billion in throughput to date.

Published 19 Feb, 2021 10:02am

Opinion

City of London pays early price of hard Brexit

Europe’s financial capital is feeling the cold of Brexit but UK officials insist the City of...

Published 15 Feb, 2021 04:53am

Business & Finance

SBP Modernizes Foreign Exchange Regulations to facilitate Startups, Fintechs & Exports

The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintechs and exports in Pakistan.

Updated 10 Feb, 2021 09:56pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

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