Karachi police on Saturday claimed to have arrested three men for their alleged involvement in the murder of an engineering institute’s director in broad daylight in District East a day.
Dr Zahir Ali Syed, the director of Karachi’s Usman Institute of Technology , a non-profit engineering studies institute affiliated with the NED University, was shot dead on Friday in a broad.
PayFast Becomes First Pakistani Payment Gateway to Get Commercial License from SBP
PayFast the indigenous payments solution by APPS (Avanza Premier Payment Services) is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for the Payment System Operators/Providers (PSO/PSP).
APPS is approved for pilot operations by the SBP, and it empowers the multi-instrument acceptance of Scheme Cards, Mobile Wallets, and Bank Account Numbers through its payment gateway PayFast.
PayFast enables merchants, billers, and aggregators to receive payments from their customers through a variety of methods like bank accounts, wallets, and domestic and international payment schemes.
K-Electric Partners with Avanza Solutions for Real-Time Payment System Deployment
K-Electric (KE) has joined hands with Avanza Solutions, one of the leading Fintech organizations across the globe, to implement the Real-Time Payment System (RTPS).
Real-Time Payment System (RTPS) is based on Avanza’s e-BPS which is a bill payment platform powered by Rendezvous, ‘an enterprise middleware’, that enables organizations to provide delivery channel services. e-BPS implementation automates all details of bill payment gateway operations and ensures that transactions are executed from all the sources in a uniform, secure, and efficient manner.
RTPS will facilitate bill payment by directly interlinking all the banks and KE. The middleware facilitates transactional processes and transaction routing functionality by providing a real-time bill inquiry and bill payment services of KE data to banks on a real-time basis.
KARACHI: The race for digitisation is heating up in Pakistan and with Covid-19 disrupting the social, economic and political landscape for both the public and private sector, companies in Pakistan.