Zong 4G, Pakistan’s leading mobile network operator, and JS Zindigi, a leading digital financial services provider, announced a lucrative partnership to offer Banking-as-a-Service (BaaS) within the My Zong App (MZA). The signing ceremony took place on March 13th, 2024, at Zong 4G headquarters, signed by CFO Zong 4G Mr. Huang Zhidong and CEO JS Zindigi…
Zindigi aligning seamlessly with the strategic vision of the State Bank of Pakistan, leads innovation by empowering merchants nationwide with Raast P2M Merchants Payments Ecosystem. Zindigi, powered by JS bank is one of the first to adopt the Person to Merchant (P2M) initiative. This strategic move reflects a significant leap towards a digitally inclusive economy….
BankIslami is pleased to announce the successful completion of the Initial Public Offering (IPO) and the listing of BankIslami Ehad Sukuk II. This perpetual instrument, with an issue size of PKR 1.0 billion structured on the basis of Islamic principles of Mudaraba, qualifies as Additional Tier 1 Capital for the bank. The Sukuk issue size…
JS Bank joins hands with the United Nations Development Programme (UNDP) to promote gender-inclusive and climate-resilient businesses in Pakistan. The collaboration is aimed at promoting private-sector financing, particularly projects aligned with Sustainable Development Goals (SDGs), with a core focus on women and youth-led businesses. In line with the theme of International Women’s Day (IWD), this…
Visa (NYSE: V) has announced a 7-year agreement with Western Union (NYSE: WU). Under the new deal, Western Union customers will be able to receive money from their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions. The agreement encompasses card issuance, Western Union’s integration with Visa Direct, and…
Bank Alfalah, a leading financial institution, has joined forces with Khawatoons, an all-female improv comedy troupe, and Womenza, an entrepreneurship community, in a unique collaboration to foster financial inclusion for women. This partnership marks a significant step towards creating awareness and empowering women to take charge of their financial futures. As part of this collaboration,…
In a significant step towards financial inclusion for women, JS Bank and Zindigi announced the launch of the JS HER Debit Card and the HER Zindigi Debit Card on International Women’s Day, marking a commitment to women’s empowerment and financial inclusion. These debit cards are designed to offer women in Pakistan convenient and secure access…
Reiterating its commitment to promote financial inclusion, JS Bank hosted Financial Literacy Week camps in Jamshoro, Gujranwala, Vehari, and Karachi from March 5 to 7, 2024. In collaboration with the State Bank of Pakistan (SBP), JS Bank organized these camps to promote financial literacy and raise awareness of financial inclusion and its significance. Aligned with…
. JS Bank, a leading financial institution in Pakistan, partnered with Mario Testino, the internationally renowned celebrity and fashion photographer. During his visit to Pakistan, Testino captured the country’s vibrant culture and diverse populace for his globally celebrated series, ‘A Beautiful World.’ With eighteen exhibitions and more than 16 books published on his work, Mario…
BankIslami, a leading financial institution, has announced its remarkable financial results for the year ended December 31, 2023. The bank reported a staggering after-tax profit of PKR 11.04 billion, showcasing its exceptional performance. Net profit and return surged by an impressive 97%, while profit after tax augmented by 149%. The bank has declared a final cash…