Telenor microfinance bank and PepsiCo enabling simpler access to digital financial services

Islamabad, November 29, 2019: As part of the CEO Partnership for Economic Inclusion (CEOP), Pakistan’s leading financial institution, Telenor Microfinance Bank, and PepsiCo, the leading food and beverage company, signed a Memorandum of Understanding for the launch of Merchant to Distributor payments. The two companies signed the contract in the presence of H.M. Queen Máxima…

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NIFT Signs Agreement with Bank Alfalah for Digital Financial Services

Karachi, November 26, 2019: In an effort to promote Digital Financial Services (DFS) in Pakistan, National Institutional Facilitation Technologies (NIFT), an existing Payment System Operator/Provider (PSO/PSP) offering nation-wide cheque clearing services, has signed an agreement with Bank Alfalah, one of Pakistan’s leading and progressive banks, to facilitate settlement services for mobile/electronic commerce payments (Digital Commerce…

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Leveraging Telecommunication Services for Financial Inclusion

Donors and policymakers in developing countries have placed a key focus on Financial Inclusion in the development policy agenda. The rationale for financial inclusion is simple; through inclusivity, marginalized segments of the society e.g. lower income strata, women and youth are provided with an effective interface to access financial services, allowing them to be linked…

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