YAP Selects Euronet Pakistan as their Technology Partner to Operate as an EMI in Pakistan

YAP, a Dubai-headquartered fintech YAP – a new bank driving digital banking in the Middle East, Africa, and South Asia, has selected Euronet Pakistan as their technology partner to launch and operate as an EMI in the country.

YAP was founded in the UAE in 2018 and has since expanded to Saudi Arabia, Ghana, and Pakistan. YAP Pakistan is a subsidiary of YAP and will utilize Euronet’s hosted card management system, e-commerce platform, and payment scheme gateways for virtual and physical cards.

The deal will also benefit YAP Pakistan from Euronet’s global payments experience, innovative technology stack, robust risk management, and global information security benchmarks.

Euronet has been selected as the technology processor by Youth Action Project (YAP) for its efforts to become the leading digital platform in Pakistan. The collaboration will help foster innovation and growth in the local payments ecosystem and further accelerate the growth of digital payments, Euronet said.

Meheryab Niazi, Chief Executive Officer of YAP Pakistan, said, “We are thrilled to form this strategic partnership with Euronet. This collaboration has been a very seamless process and we are excited to revolutionize the digital banking sector with our new partners.”

Samsung Phones to Get New Chips by 2025 to Compete With Apple [Leak]

Samsung telephones might get custom chipsets by 2025 like Apple’s Bionic SoCs. The organization as of now has its Exynos chips, yet those are not explicitly made for the Galaxy S series as they are frequently offered to other telephone producers also.

The report comes from the dependable insider Ice Universe as well as Korean distribution Inews24. The report guarantees that Samsung isn’t satisfied with the backfire got by Exynos 2200 or the unfortunate yields and warm administration of the Snapdragon 8 Gen 1, which is delivered by Samsung. The new GOS outrage has not helped by the same token.

Samsung’s new methodology will be very like Apple’s A-series chips and it is allegedly being talked about with a definitive objective being better-streamlined gadgets.

More established Exynos chipsets depended on custom Samsung CPU centers called Mongoose yet the organization shut down its custom CPU center division in December 2019 when it neglected to be cutthroat. It is not yet clear whether Samsung’s new custom chips will fall under the Exynos series or on the other hand assuming it will get going another arrangement.

In any case, the change isn’t supposed to occur until no less than 2025, and that implies the arrangement is still in its beginning phases. We don’t anticipate hearing itemized reports at any point in the near future.

Govt to Invite PayPal to Pakistan Next Week

The new government will start endeavors to bring PayPal — an American organization working an overall internet based installment framework to give online installment arrangements — to Pakistan.

An authority source told ProPakistani that Prime Minister (PM) Shehbaz Sharif will go to the yearly gathering of the World Economic Forum in Davos, Switzerland one week from now where he will meet worldwide pioneers, the CEOs of energy areas, and business appointments. He will likewise meet with PayPal agents and welcome the organization to send off its administrations in Pakistan.

They added that the Ministries of Finance and the Ministry of Information Technology and Telecommunication (MoITT) are investigating the undertaking and the gathering will likewise be gone to by the agents of no less than one of the services.

During the gathering of the Cabinet today, PM Sharif looked for a preparation from the MoITT on the changes in the IT area and the motivations behind why PayPal has not been brought to Pakistan.

Endeavors had been made in 2015 and 2019 to carry the worldwide internet based installment monster to Pakistan however it had denied. PayPal’s central issue for entering the Pakistani market is the extensive rundown of administrative limitations by the State Bank of Pakistan (SBP) and the convoluted three-venture endorsement process.

Sources expressed that Pakistan being on the FATF dim rundown is additionally among these issues. Worldwide electronic installment specialist organizations need to conform to severe guidelines for clients because of FATF and stay away from illegal tax avoidance or the SBP can drop their licenses.