Karachi, March 22, 2021: Khushhali Microfinance Bank has partnered up with 1LINK 1TIP (Cyber Threat Intelligence Platform) to implement a robust cybersecurity posture for the bank and further strengthen their payments ecosystem against ever-increasing cyber threats. Given the industry-wide need to formulate a collaborative deterrence model that enhances the security posture via a trusted threat intelligence-sharing…
Karachi, October 20, 2020: TPL Life, a leading insurtech in Pakistan, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank to launch “Corona Tahaffuz,” an insurance product designed for MMBL’s customers and will be available through the banks’ branches across Pakistan. Following the collaboration, MMBL customers will have access to comprehensive insurance…
Karachi, September 30, 2020: Pakistan Telecommunication Company Limited (PTCL) and Telenor Microfinance Bank Limited have signed an agreement for provision of physical and Virtual Data Center (VDC) Hosting Services bundled with industry’s leading Managed Security solution. Zarrar Hasham Khan, Chief Business Services Officer, PTCL and Khurram Gul Agha, Chief Information Officer & Operations Support, Telenor…
Karachi, August 11, 2020: State Bank of Pakistan (SBP) has enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the existing limit of Rs1 million for borrowings from the microfinance banks. Likewise, the maximum size of general loans has been enhanced from Rs150,000 to Rs350,000. Further, to commensurate with enhanced…
Karachi, July 08, 2020: Telenor Microfinance Bank has reported revenue of PKR 18 billion for the financial year ended December 31, 2019. This was led by an impressive expansion in the branchless banking customer base of the Bank’s Easypaisa wallet. A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase…