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JS Bank, a rapidly growing #financial institution, has joined forces with Euronet Pakistan, a division of the global payment processing giant Euronet Worldwide. This strategic #partnership aims to elevate the #bank's card #portfolio management through Euronet's advanced payment processing infrastructure. By consolidating #card services under a single partner, JS Bank expects to achieve #operational efficiency and deliver seamless transactions to its customers. This move is geared towards providing customers with secure, efficient, and uninterrupted access to their funds, aiming to enhance overall banking experiences. Atif Malik, COO of JS Bank, expressed the bank's commitment to delivering top-notch services. He highlighted the partnership with Euronet as a step towards ensuring seamless and secure transactions for customers, emphasizing the importance of operational streamlining and customer satisfaction. Kashif Gaya, CEO of Euronet Pakistan, echoed this sentiment, emphasizing the collaboration's role in advancing financial #accessibility and #efficiency in #Pakistan. The collaboration between JS Bank and Euronet reflects their shared dedication to providing high-quality services and innovative financial solutions tailored to meet diverse customer needs. #DigitalPakistan #TechUpdate

📢 Breaking News: Strategic Collaboration to Digitize Payments in Pakistan! 🤩 The Punjab Information Technology Board (PITB), MCB Bank, and Mastercard have signed a Memorandum of Understanding (MoU) to advance the digital payments landscape in Pakistan. This significant partnership aims to enhance transaction security, efficiency, and accessibility, marking a crucial step towards a more digitized economy. Stay tuned for further updates on this pivotal development. #DigitalTransformation #FinTech #Pakistan #PITB #MCBBank #Mastercard #Innovation #DigitalPayments #TechNews #SyncSolutions

This is a huge milestone and I hope it work out. I remember last month speaking with a friend who work there and he walked me through how the project was initiated till completion. I like the fact that Abubakar Suleiman always bet on home-grown solutions, being a core believer in the country. Sterling has always been at the fore-front of innovations in the financial space, despite the challenges during the transformation, the software is seamless. Amidst the fx fluctuation, this is a good business decision by companies which would also save cost and relieve the pressure on the business if they key in. I am bullish on the future of this investment and I look forward to the revolution. It can only get better. #SEABaas #Financialservice #Software #Businessdecision #Projects

If you are interested in Mobile Money look at the 2024 State of the industry report from GSMA. https://lnkd.in/eWv6AepA Progress has been highly impressive $1.4 Trillion transactions plus 14%, 435m 30 day actives $74bn Merchant Payments and $29bn International Payments. Sub Saharan Africa is the largest market 234m 30 day active accounts, followed by South Asia 89m, and East Asia Pacific 77m. #mobile money #fintech #moneytransfer #financialinclusion

Behold the remarkable surge in Pakistan's digital payment ecosystem! -From $6.15B to $17.68B by 2024, illustrating a phenomenal rise in financial digitization. 💳💰 #digitalpayment #fintechpakistan #fintechasia #digitaltransactions

An interesting piece of development caught my eye earlier this week - Ethiopia’s Central Bank has launched a unified Quick Response (QR) Code standard to facilitate digital merchant payment services. Why does this matter? Ethiopia 🇪🇹 is home to more than 129 million people. Only about 45% of the adult population have a bank account. However, the country is on the cusp of a transformative shift in the financial landscape with the below initiatives - 1. Safaricom became the first private telecom provider in Ethiopia after the government in 2019 liberalised a sector that had long been dominated by the state-controlled Ethio Telecom. M-Pesa(Safaricom's mobile money service) now has 3.1million customers. 2. Preparations for the launch of the Ethiopian Securities Exchange (ESX) the first and sole organized securities exchange in Ethiopia are in the final stages. 3. With the revised National Financial Inclusion Strategy (NFIS 2021–2025) aiming to increase financial inclusion from 46% to 70% of all adults by 2025, mobile money services are set to play a key role 4. Adoption of mobile money by government departments and its growing use by private sector players such as mid-sized brands like supermarkets, petrol stations, and SMEs A National QR code standard will be pivotal in this journey as the country looks to leverage mobile money and boost digital payments to bring financial access to the masses. According to the GSMA, mobile money services “could lift 700,000 people out of poverty, add US$5.3 billion to Ethiopia’s GDP, increase tax revenue by US$300 million and provide a cushion for the economic shocks experienced by almost 40% of Ethiopian households.” Having worked extensively with mobile wallet providers, regulators and clients globally to curate and drive adoption of mobile money solutions, financial inclusion is a topic close to my heart. It’s encouraging to see the power of mobile money as a disruptive innovation and a force for good, across emerging markets 👍 #payments #mobilemoney #mobilepayments #financialinclusion #QRcode #ForceForGood https://lnkd.in/gqX2Q-Fi

DID YOU KNOW? Core banking systems (CBS) have taken over the banking industry in a big way. CBS is a software system banks use to conduct and manage their primary operations. It allows customers to perform transactions from any branch rather than being limited to the branch where they opened their accounts. The basic goals of core banking are providing greater customer convenience and cutting down on operational expenses. FlUX CAMEROON offers a bouquet of services aligned under the umbrella of their call banking solution dubbed - TURST BANK, and strives to evolve consistently with the changing market patterns. This system has been tested and approved by FlUX CAMEROON clients and implementations have already begun. . . . #TrustBank #CoreBankingSolution #FluxSarl #InnovationandTech #Fintech

Remarkable shift towards digital payments, Pakistanis completed transactions totaling Rs1 trillion through the Raast instant payment system in just 16 days, a stark contrast to the 336 days it took to reach the first trillion. The State Bank of Pakistan (SBP) reported that Raast has now processed 892 million transactions amounting to Rs20 trillion, showcasing a growing preference for online financial solutions. The rapid increase is largely attributed to the Person-to-Person (P2P) module launched in February 2022. Additionally, the introduction of the Person-to-Merchant (P2M) module allows businesses to accept payments via QR codes and bank accounts, enhancing convenience for customers. Financial inclusion is on the rise, with the number of accounts growing by 18% to reach 215 million by the end of FY24, aided by an expanding network of banks and microfinance institutions. Despite economic challenges, the growth in digital payments signifies a positive trend towards a more inclusive financial landscape in Pakistan. #DigitalPayments #Raast #FinancialInclusion #Pakistan #TechInnovation

Remarkable shift towards digital payments, Pakistanis completed transactions totaling Rs1 trillion through the Raast instant payment system in just 16 days, a stark contrast to the 336 days it took to reach the first trillion. The State Bank of Pakistan (SBP) reported that Raast has now processed 892 million transactions amounting to Rs20 trillion, showcasing a growing preference for online financial solutions. The rapid increase is largely attributed to the Person-to-Person (P2P) module launched in February 2022. Additionally, the introduction of the Person-to-Merchant (P2M) module allows businesses to accept payments via QR codes and bank accounts, enhancing convenience for customers. Financial inclusion is on the rise, with the number of accounts growing by 18% to reach 215 million by the end of FY24, aided by an expanding network of banks and microfinance institutions. Despite economic challenges, the growth in digital payments signifies a positive trend towards a more inclusive financial landscape in Pakistan. #DigitalPayments #Raast #FinancialInclusion #Pakistan #TechInnovation

Pakistan's Raast payment system has achieved a remarkable milestone: 1 TRILLION transactions in just 16 days! This unprecedented growth is a testament to: -Convenience and accessibility -Zero transaction fees -Interoperability across banks and financial institutions -Government support for digitalization and financial inclusion Raast is revolutionizing Pakistan's payment ecosystem, driving financial inclusion, and empowering individuals and businesses. #Raast #DigitalPayments #FinancialInclusion #Pakistan #Fintech #PaymentSystem #Innovation