Digital Pakistan’s Post

Abhi (YC S21) Partners with Mastercard to Boost Financial Access in Pakistan KARACHI - Mastercard, a global payments leader, partners with Abhi (YC S21), an embedded finance platform, to launch Pakistan’s first Mastercard-enabled Salary Advance Cards. Abhi (YC S21) users can easily order these cards via the Abhi (YC S21) app, 24/7 call center, or through their HR departments, providing convenient access to earned salaries and enhancing international and domestic online payments. This partnership aims to empower individuals and transform Pakistan’s financial landscape by leveraging Mastercard’s technology for secure, quick transactions. It marks a significant step towards a secure digital economy. Founded in 2021, Abhi (YC S21) promotes financial inclusion across Pakistan, UAE, and KSA with innovative products like Earned Wage Access, Payroll Solutions, and SME Financing. Recognized among the UAE's Future 100 companies and the first MENAP fintech in the World Economic Forum’s Technology Pioneers community, Abhi (YC S21) continues to lead in financial empowerment. Mastercard’s global expertise in payments is unlocking new opportunities for individuals and businesses. This partnership aims to strengthen digital payment infrastructure and promote financial inclusivity. News Source Link: https://lnkd.in/dAVZYgp5 #SalaryAdvance #FinancialEmpowerment #Innovation #FutureOfWork #SecureTransactions #FinancialInclusion #FintechInnovation #DigitalPayments #DigitalTransformation #FinancialServices #Fintech #FinancialWellness #DigitalEconomy #GlobalBusiness #EmergingMarkets #TechPioneers #SecurePayments #Salary #Finance #Financial #Empower #Empowerment #Future #Work #Secure #Transaction #Transactions #Inclusion #Fintech #Digital #Payment #Payments #Transformation #Transform #Business #Global #Market #Markets #Marketing #Tech #Technology #UAE #Dubai #Abudhabi #Unitedarabemirates #Unitedarabemirate #KSA #SaudiArabia #MENA #MENAP #HR #Humanresource #National #International #Domestic #Payment #Payroll #Pakistan #Economy #Economic #SME #Wage #Pioneer #Pioneers

Abhi (YC S21) Partners with Mastercard to Boost Financial Access in Pakistan KARACHI - Mastercard, a global payments leader, partners with Abhi (YC S21), an embedded finance platform, to launch Pakistan’s first Mastercard-enabled Salary Advance Cards. Abhi (YC S21) users can easily order these cards via the Abhi (YC S21) app, 24/7 call center, or through their HR departments, providing convenient access to earned salaries and enhancing international and domestic online payments. This partnership aims to empower individuals and transform Pakistan’s financial landscape by leveraging Mastercard’s technology for secure, quick transactions. It marks a significant step towards a secure digital economy. Founded in 2021, Abhi (YC S21) promotes financial inclusion across Pakistan, UAE, and KSA with innovative products like Earned Wage Access, Payroll Solutions, and SME Financing. Recognized among the UAE's Future 100 companies and the first MENAP fintech in the World Economic Forum’s Technology Pioneers community, Abhi (YC S21) continues to lead in financial empowerment. Mastercard’s global expertise in payments is unlocking new opportunities for individuals and businesses. This partnership aims to strengthen digital payment infrastructure and promote financial inclusivity. News Source Link: https://lnkd.in/dezkEPqk #SalaryAdvance #FinancialEmpowerment #Innovation #FutureOfWork #SecureTransactions #FinancialInclusion #FintechInnovation #DigitalPayments #DigitalTransformation #FinancialServices #Fintech #FinancialWellness #DigitalEconomy #GlobalBusiness #EmergingMarkets #TechPioneers #SecurePayments #Salary #Finance #Financial #Empower #Empowerment #Future #Work #Secure #Transaction #Transactions #Inclusion #Fintech #Digital #Payment #Payments #Transformation #Transform #Business #Global #Market #Markets #Marketing #Tech #Technology #UAE #Dubai #Abudhabi #Unitedarabemirates #Unitedarabemirate #KSA #SaudiArabia #MENA #MENAP #HR #Humanresource #National #International #Domestic #Payment #Payroll #Pakistan #Economy #Economic #SME #Wage #Pioneer #Pioneers

Mastercard and The Bank of Punjab (BOP) have broadened their collaboration to encompass the commercial realm, spanning from major corporate entities and Small and Medium Enterprises (SMEs) to freelancers and gig workers. #BOP will be the pioneering bank in Pakistan to distribute Mastercard BusinessCards® tailored for SMEs, presenting a suite of solutions tailored to serve the nation's 5.2 million-strong SME market. Additionally, BOP has introduced the inaugural Foreign Currency Business Debit Card, extending digital payment capabilities to over 2.5 million freelancers. By facilitating the transition from cash to digital transactions, BOP is reshaping the SME landscape and fostering financial inclusion within Pakistan's burgeoning gig economy. The expanded partnership will also introduce the Mastercard Corporate Card, providing larger enterprises with a personalized, adaptable, and secure digital payment platform for managing employee travel, entertainment, and procurement expenses, while ensuring high levels of expense oversight. This initiative will enhance corporate payment management efficiency and streamline B2B transactions. #Brandorsement #Partnership #Mastercard #BankofPunjab #Corporate #Payment

An interesting comparison here on the Daily Investor website looking at share price performance vs #ExecutiveRemuneration trends from South Africa's banking groups. Do you think there is anything that can be extracted from this analysis? Share price versus CEO salary – Capitec beats Absa, Standard Bank, and Nedbank https://lnkd.in/drJWEp5m

Such an important advisory group. The voice of users and providers is critical to the mandate and success of the payments system in Canada.

Unveiling East Africa's Giants: NMB Bank's Rise to Prominence East Africa's business landscape is brimming with giants, and leading the charge is NMB Bank – a powerhouse in Tanzania's financial sector. Let’s dive into what makes NMB Bank a standout performer among East Africa’s largest listed companies. 🏦 Dominating the Financial Arena With robust financial performance and strategic growth, NMB Bank isn’t just keeping pace – it’s setting the pace. Our strong revenue streams and prudent risk management showcase our financial acumen and resilience. 🌍 Expanding Our Reach NMB Bank boasts an extensive network of over 220 branches and 6,000 agents, ensuring that banking services are within everyone’s reach. Our commitment to financial inclusion means we’re not just in the cities – we’re in every corner of Tanzania, driving economic empowerment. 💡 Leading the Digital Revolution In the age of digital transformation, NMB Bank is at the forefront. From the NMB Mkononi app to seamless online banking services, we’re redefining convenience and innovation in financial services. Our digital solutions make banking simpler, faster, and more accessible for everyone. 🤝 Committed to Community Growth At NMB Bank, we believe in giving back. Our corporate social responsibility initiatives span education, healthcare, and environmental sustainability, making a real difference in the lives of Tanzanians. We’re not just a bank; we’re a community partner. 🏅 Award-Winning Excellence Our dedication to excellence hasn’t gone unnoticed. NMB Bank has garnered numerous awards for performance, customer service, and innovation. These accolades are a testament to our unwavering commitment to excellence. 🚀 Join the NMB Bank Journey As an NMB Bank employee, I’m proud to be part of this incredible journey. Our leadership, innovation, and community focus make us not just a financial institution, but a catalyst for positive change. Stay tuned as we continue to drive growth, embrace innovation, and transform lives across Tanzania and East Africa. NMB Bank is more than just a bank – it’s a beacon of progress. #EastAfrica #FinancialGiants #NMBBank #Innovation #CommunityImpact #BankingExcellence

#ICYMI Is your bank meeting your needs? Here's what customers had to say. The 2024 Kenya Banking Industry Customer Experience Survey by KPMG East Africa has uncovered some eye-opening insights about what customers truly want from their financial institutions. 🗝️Key insights: 🔹An impressive 7.94/10 satisfaction rating from retail customers and 8.34/10 from business clients shows we’re on the right path, but there is room for improvement. 🔹Personalization and empathy are critical, as customers demand tailored services and greater human interaction. 🔹A significant number of unbanked individuals remain wary due to concerns over accessibility and trust—banking institutions have a golden opportunity to bridge this gap! 🔹Younger generations are leading the charge in seeking more innovative financial products and services that cater to their evolving lifestyles. Download the report to discover how Kenya’s banking leaders are navigating this transformation for a customer experience that moves beyond satisfaction—toward delight! Equity Bank Limited, KCB Bank Group, Co-operative Bank of Kenya, Absa Bank Kenya, NCBA Group, Stanbic Bank Kenya, HFC Kenya, 💯 Imran Sumra #kenyabanking #customerexperience #bankinginnovation #cxinsights #digitaltransformation #financialinclusion

Is your bank meeting your needs? Here's what customers had to say. The 2024 Kenya Banking Industry Customer Experience Survey by KPMG East Africa has uncovered some eye-opening insights about what customers truly want from their financial institutions. 🗝️Key insights: 🔹An impressive 7.94/10 satisfaction rating from retail customers and 8.34/10 from business clients shows we’re on the right path, but there is room for improvement. 🔹Personalization and empathy are critical, as customers demand tailored services and greater human interaction. 🔹A significant number of unbanked individuals remain wary due to concerns over accessibility and trust—banking institutions have a golden opportunity to bridge this gap! 🔹Younger generations are leading the charge in seeking more innovative financial products and services that cater to their evolving lifestyles. Download the report to discover how Kenya’s banking leaders are navigating this transformation for a customer experience that moves beyond satisfaction—toward delight! Equity Bank Limited, KCB Bank Group, Co-operative Bank of Kenya, Absa Bank Kenya, NCBA Group, Stanbic Bank Kenya, HFC Kenya, 💯 Imran Sumra, Ali Hussein Kassim, Mbugua Njihia, Robert Ochieng, Nancy Mosa, Leslie Msagha, Diana Gathoni, Lilian Onyango, Martin Kimani, Morris Ngari, Joseph Njoroge, Anthony Ngugi, Linus Sing'oei #kenyabanking #customerexperience #bankinginnovation #cxinsights #digitaltransformation #financialinclusion

Safaricom Telecommunications Ethiopia PLC partners with Onafriq to streamline remittance flows in Ethiopia, marking a significant step in facilitating international money transfers through Safaricom’s M-PESA Africa platform. With this agreement, individuals in Ethiopia gain access to a formal channel for receiving remittances from around the world, leveraging M-PESA's mobile money platform. The incorporation of International Money Transfer capability into M-PESA Africa expands its reach by tapping into Onafriq's extensive network, linking 500 million #mobilemoney wallets and 200 million bank accounts. This enables seamless domestic and cross-border transactions, offering services such as disbursements, collections, card issuing, agency #banking, and treasury services. Paul Kavavu, General Manager at Safaricom Telecommunications Ethiopia PLC, emphasizes the partnership's aim to simplify payments, especially considering Ethiopia's significant remittance inflows exceeding five billion dollars annually. The collaboration provides the Ethiopian Diaspora with an efficient and secure channel to send money to their loved ones, contributing to financial inclusion and economic development. Nika Naghavi, Onafriq's Group Head of Growth, highlights the cooperation's alignment with Ethiopia's 'Digital Ethiopia 2025' strategy, which prioritizes digital transformation and financial inclusion. By extending Onafriq's reach through the partnership with M-PESA, the initiative aims to foster economic growth and achieve sustainable development goals, emphasizing the importance of simple and accessible payment solutions for individuals and businesses alike. #remittance #mobilemoney #banking #hakunamatatamedia

We are not campaigning for any company but here are a few recommendations listed on the Nairobi Securities Exchange (NSE) in Kenya that investors may consider: 1. Safaricom PLC (SCOM): Safaricom is Kenya's leading telecommunications company, offering mobile, fixed, and broadband services to millions of customers. It is known for its flagship mobile money platform, M-Pesa, which has transformed financial inclusion in Kenya and across Africa. 2. Equity Group Holdings PLC (EQTY): Equity Group is one of the largest financial services providers in East Africa, offering a wide range of banking and financial products to individuals, businesses, and institutions. It operates in multiple countries, including Kenya, Uganda, Tanzania, Rwanda, South Sudan, and the Democratic Republic of Congo. 3. KCB Group PLC (KCB): KCB Group is another prominent banking institution in East Africa, offering retail, corporate, and investment banking services. It is the largest bank in Kenya by assets and has a significant presence in the region, with operations in Kenya, Uganda, Tanzania, Rwanda, Burundi, and South Sudan. 4. East African Breweries Limited (EABL): EABL is a leading producer and distributor of alcoholic beverages in East Africa, with popular brands such as Tusker, Guinness, Serengeti, and Bell Lager. The company has a strong market position and benefits from the region's growing consumer demand for premium beverages. 5. Standard Chartered Bank Kenya Limited (SCBK): Standard Chartered Bank Kenya is a subsidiary of the global banking group Standard Chartered PLC. It offers a wide range of banking and financial services to retail, corporate, and institutional clients in Kenya. 6. Kenya Power and Lighting Company PLC (KPLC): Kenya Power is the sole electricity distributor in Kenya, responsible for transmitting and distributing electricity to customers across the country. Despite facing challenges such as high debt levels and inefficiencies, Kenya Power plays a crucial role in powering Kenya's economy. 7. Co-operative Bank of Kenya Limited (COOP): Co-operative Bank of Kenya is a leading retail bank that operates on a cooperative model, serving individual customers, small and medium-sized enterprises (SMEs), and cooperative societies. It has a strong presence in Kenya's cooperative movement and offers a range of banking products and services. 8. British American Tobacco Kenya PLC (BAT): BAT Kenya is a subsidiary of British American Tobacco, one of the world's largest tobacco companies. It manufactures and distributes a variety of tobacco and nicotine products, including cigarettes, cigars, and smokeless tobacco products.