Dubai Islamic Bank Signs Tripartite MOU for RAAST Payment to Merchant (P2M)

                  


Dubai Islamic Bank, ARY Services & MAK Global have collaborated and signed a tri-partite MOU to launch RAAST P2M (Payment to Merchants) services in Pakistan. Signing Ceremony was held at Dubai Islamic Bank Head Office in Karachi. The MOU was signed by Wamiq Rizvi Chief Operating Officer, Dubai Islamic Bank, Haji Muhammad Iqbal, Chairman ARY Group and Haider Rizvi CEO, MAK Global in the presence of Senior Executives from the respective organizations.

This collaboration will revolutionize Digital Payment acceptance for all type of merchants and businesses in Pakistan. The game changing initiative is part of State Bank of Pakistan (SBP) working to boost Financial Inclusion in the country while giving merchants an offering of instant payment system at a very nominal cost.

Comments

Post a Comment

Popular posts from this blog

realme C30: Elevate Your Mobile Experience with Stunning Design and Unbeatable Affordability!

Image
   Luxury on a Budget: Discover the  r ealme C30 with Fit-in Design, Vibrant Colors, and a Powerful Battery   A visually appealing, easy-on-the-pocket device has been introduced by realme - a smartphone that combines elegance and affordability. The realme C30 with a remarkable price drop of PKR 2,000/-, this device redefines the meaning of accessible luxury. Let's explore what sets the realme C30 apart from the crowd.   Fit-in Design: A Perfect Match for Your Lifestyle The realme C30 features a Fit-in Design, seamlessly blending functionality with aesthetics. Available in Lake Blue and Bamboo Green, these vibrant colors add a touch of personality to your everyday tech companion.   Vivid Visuals on a 6.5-inch IPS LCD Display Immerse yourself in a world of vibrant visuals on the realme C30's 6.5-inch IPS LCD display. Whether you're streaming your favorite content or browsing the web, every detail comes to life with stunning clarity and vivid colors.   Capture Memories with Pr
Read more

A Decade of Cheezy Khushiyan: Cheezious Opens 30th Branch in Rawalpindi, Honors Pakistan Blind Cricket Team

Image
Cheezious, the iconic fast-food brand that has been synonymous with spreading "cheezy khushiyan" (cheesy happiness) across Pakistan since 2012, is thrilled to announce the grand opening of its 30th branch, located at Kalma Chowk, Rawalpindi. This significant milestone underscores Cheezious' unwavering commitment to delivering mouthwatering and delectable food to the people of Pakistan. In addition to its culinary success, Cheezious; a proud Pakistani brand is equally committed to making a positive impact in the community. As a responsible business, the brand actively participates in Corporate Social Responsibility (CSR) initiatives. To commemorate the launch of the Kalma Chowk branch, Cheezious is proud to extend a warm welcome to the members of the Pakistan Blind Cricket Team. Five members of the Pakistan Blind Cricket Team will be the chief guests at this special event. In recognition of their brilliant achievements and championship win in Birmingham, Cheezious will
Read more

Standard Chartered Pakistan posts record profit before tax of PKR 89.2bn

Image
            Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank announced its Annual Results for 2023 today.   The Bank delivered a record performance in 2023 with a Profit before tax of PKR 89.2 billion, which is 78 per cent higher than last year. Profit after tax registered a growth of 115 per cent to close at PKR 42.6 billion, highest ever since its incorporation.   Overall revenue grew 72 per cent whereas client revenue increased by 78 per cent year on year with positive contributions from all segments. Operating expenses increased 29 per cent from last year in line with prevalent inflationary trend. Moreover, prudent risk approach coupled with recoveries of bad debts led to a net release of PKR 163 million in loan impairments during the year.   On the asset side, the Bank achieved a milestone of crossing PKR 1.0 trillion in total assets, which grew 8 per cent from start of the year. On liabilities side, the Bank’s total deposits stand at
Read more