Trinasolar to launch Vertex N Modules

As Pakistan faces increasingly extreme weather conditions and a rising demand for energy resilience, Trinasolar, that sells smart PV and energy storage solutions, is set to introduce its next-generation Vertex N series modules powered by i-TOPCon Ultra technology to the local market —bringing one of the most powerful and durable solar technologies in the world to Pakistan’s rooftop and utility-scale solar projects, according to a press release.

The move comes at a time when Pakistan’s solar sector is seeing a surge in demand from industrial and utility-scale users, driven by rising grid electricity costs and growing environmental concerns. The new Vertex N Ultra modules, equipped with Trinasolar’s latest i-TOPCon Ultra technology, promise higher power output of up to 40W, superior efficiency by up to 1pc, and stronger durability under harsh climate conditions. These features could address longstanding technical and economic challenges faced by developers in Pakistan. With distribution partners engaged, Trinasolar is laying the groundwork for broader market adoption across Pakistan’s high-irradiation regions.

Payoneer’s record revenue

Payoneer, a global financial technology company, reported record revenue and continued momentum in supporting small and medium-sized businesses (SMBs) and digital entrepreneurs around the world, including in priority markets like Pakistan, according to a press release.

The company posted record quarterly revenue, excluding interest income, marking a 16pc year-over-year increase, fueled by 11pc volume growth and expanded take rates, especially within its SMB customer segment. This growth reflects strong global demand for Payoneer’s borderless financial infrastructure and its role in powering international trade for service exporters, B2B sellers, eCommerce merchants, and digital businesses across 190+ markets.

As digital exports from Pakistan continue to grow, Payoneer’s global infrastructure, localised support, and product innovation position it as a key enabler for the country’s tech-forward service exporters and e-commerce entrepreneurs.

ABHI collaborate with PayPeople ABHI, an embedded finance platform, has partnered with PayPeople to provide Earned Wage Access (EWA), enabling employees to access their earned wages instantly, states a press release. This collaboration merges PayPeople’s reach with ABHI’s expertise in financial wellness, enabling organisations to provide their employees with instant access to their earned wages through EWA.

On this development, Rayaan Sayeed, Head of Sales of ABHI, said that this collaboration will bring to businesses and their workforce. “Together, we are simplifying access to financial wellness tools and enabling employees to manage their financial needs more effectively.

By leveraging PayPeople’s extensive reach and ABHI’s expertise in financial services, this partnership is set to create a positive impact on employee productivity and satisfaction,” he added.

NBP expands digital footprint

National Bank of Pakistan (NBP) has taken another step towards promoting a cashless economy by expanding its digital services to a wide range of institutions and organisations, according to a press release. By onboarding educational institutes, power, gas, water, and other service organisations onto its banking systems, the bank is making bill and fee payments easier, faster, and more transparent.

Several key institutions have recently joined the NBP’s digital network, amongst others, Water and Sanitation Agency (WASA), Lahore Electric Supply Company (LESCO), University of the Punjab, WAPDA Employees Cooperative Housing Society, Gujranwala, Federal Science College, Government College University Faisalabad (GCUF), and Sandal College Faisalabad. These organisations will now be able to collect fees and utility bills digitally, reducing the need for manual processing and improving financial efficiency.

New Telenor CEO

The board of directors of Telenor Pakistan has appointed Fridtjof Rusten as CEO of the company, as per a press release. He will succeed Khurrum Ashfaque, who will take on a new leadership role within Telenor Group. Mr Rusten will take over the helm at Telenor Pakistan on 1 September 2025.

Mr Rusten has over 23 years of working experience and has held several key leadership roles in Asia with Telenor Group.

Published in Dawn, The Business and Finance Weekly, August 11th, 2025