This Week In E-commerce

IT Minister Announces Plans for 5,000 E-Working Stations Dedicated to Freelancers

The Caretaker Federal Minister for IT and Telecom, Dr. Umar Saif, announced the government’s plan to set up 5,000 e-working hubs across the country and provide interest-free loans to freelancers for establishing these facilities. This revelation came during a meeting with Finance Minister Dr. Shamshad Akhtar, where various initiatives were discussed to boost Pakistan’s IT and startup ecosystem.>> READ MORE

Zong 4G’s CEO Commits to Backing Pakistan’s Digital Advancement in a Discussion with IT Minister Dr. Umar Saif

Zong 4G’s recently appointed CEO and Chairman, Mr. Huo Junli, met with interim IT and telecommunication Minister, Dr. Umar Saif, to reiterate the company’s dedication to investing in Pakistan’s digital future and recognizing the pivotal role of technology in the nation’s progress. Mr. Huo Junli emphasized Zong 4G’s strong commitment to leading advancements in the telecommunications sector and driving the country’s digital transformation. >> READ MORE

Telenor Microfinance Bank Granted Initial Approval for Launching Digital Retail Bank

Telenor Microfinance Bank, the operator of Pakistan’s popular digital financial services platform, easypaisa, has achieved a significant milestone by securing In-Principle Approval (IPA) for a Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP).?>> READ MORE

Negotiations in Progress to Introduce PayPal and Stripe Services in Pakistan, Says IT Minister

Caretaker Federal Minister for Information Technology and Telecommunication, Dr. Umar Saif, announced ongoing discussions between the Pakistani government and payment giants PayPal and Stripe regarding their potential entry into the Pakistani market.?>> READ MORE

ChatGPT Receives Significant Accuracy Boost with Current Information Update

OpenAI’s recent announcement revealed a major enhancement to ChatGPT’s capabilities. The AI model, previously restricted to information up to September 2021, can now access real-time data from the internet. This upgrade addresses a notable limitation, ensuring that users can receive up-to-date information and responses.>> READ MORE

BOP Introduces Pioneering ‘Buy Now Pay Later’ and ‘Pay by Link’ Solutions in its Merchant Acquiring Venture

BOP has launched a groundbreaking venture in merchant services, introducing the industry’s first ‘Buy Now Pay Later’ and ‘Pay by Link’ solutions. This move reaffirms BOP’s dedication to enhancing its digital retail offerings and advancing the nation’s digital ecosystem. >> READ MORE