Submitting a CNIC copy for every transaction should be a matter of embarrassment for the regulator.
It’s a fairly common practice to set up offshore companies in countries with lax fiscal rules.
"We want to see the country’s online economy grow and provide merchants the right tools to achieve this," co-founder says.
Computer vendors say there has been a shift towards older generation machines in recent months.
Publications all over the world have made the move towards a recurring subscriber base.
Pakistani tech companies have remained undervalued and thus offer a good value for money, says company COO Asif Akram.
It was with much fanfare that PM Imran unveiled the State Bank of Pakistan’s micro-payments gateway named Raast.
Startups raised $66.24m of capital in 50 deals in 2020, up 57.3pc from a year ago.
Big rounds of financing are expected in 2021 as fintechs look to blitzscale by buying growth.
‘We are not backing off in the bike taxi category. We can even outspend (Uber and Careem) on this,’ says Bykea CEO.
The debate on technology in Pakistan has never been nuanced.
Figures for mobile wallet transactions also include those done via the agent even if the customer actually did everything in cash.
Each of the four components of mobile banking more than doubled in July-September.
The volume of interbank fund transfers reached 70.77m in July-October, soaring by a staggering 309.6pc from just 17m a year ago
The central bank is now issuing instructions as to what online content platforms are kosher for Pakistanis
At the heart of it all is the Punjab Information Technology Board (PITB).
TAG will be commencing pilot operations under the regulation of SBP over the next few months before its commercial launch.
Occupancy rates have now returned to the pre-pandemic levels in co-working facilities
in the three major cities
Is the growth of PoS cannibalised by banks’ own competing product lines like mobile wallets, internet banking or QR?
The cloud industry is not too excited about the SBP’s latest announcement.