Pakistani Fintech Tag Gets In-Principle Approval of Country’S Central Bank, Receives Investment from Former Execs of N26 & Revolut The app will enable users to pay their utility bills, recharge mobile credit, make P2P transfers to other Tag users or any bank account in Pakistan, and keep an eye on their spending.
China’s Gobi Partners and Pakistan’s Fatima Ventures launch fund for early-stage Pakistani startups Gobi Partners, a China-headquartered venture capital firm with big presence in Southeast Asia and over $1.1 billion of assets under its management is partnering with Pakistan-based Fatima Ventures that is investing arm of one of the largest conglomerates of the country Fatima Group to launch a $20 million fund to invest in early-stage technology startups in Pakistan, Gobi announced in a statement.
Huawei’s Q2: Pakistan's Market Share Rose 111.4% Year-on-year Huawei's market share in Pakistan reached 22.2% in the second quarter of 2018, rising by 111.4% from 10.5% in the same period last year. Huawei currently has more than 53,000 self-owned stores worldwide and plans to set up 10,000 more retail stores and 700 experiential stores by the end of 2018 to consolidate its retail network.
Alipay Plans to Enter Pakistan at the End of 2018 According to Pakistan's BBS express, the head of Telenor (a Pakistani telecoms operator) said that Alipay would start to enter Pakistan by the end of this year. Ant Financial is now applying to the Central Bank of Pakistan and its Competition Commission for permission to conduct Financial Services in Pakistan. There are currently 58 million Internet users in Pakistan, including 56 million 3G and 4G users. Also, its e-commerce market is expanding.