Shahzaib

TeleMoney and Mastercard Partner to Enhance Cross-Border Payments in Saudi ArabiaOctober 20, 2025 — By Jennifer Onyeagoro

TeleMoney, the international remittance arm of Arab National Bank, has partnered with Mastercard to enable seamless global money transfers via Mastercard Move. The partnership supports Saudi Vision 2030 and meets the rising demand for digital remittance solutions. With coverage in over 160 countries and 150 currencies, the collaboration underscores Saudi Arabia’s emergence as a major hub for digital finance and expatriate remittances.

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Pakistan Achieves Record Monthly IT Exports of $366 Million in September, Driven by Global Expansion and Currency Stability

Pakistan recorded its highest-ever monthly IT exports of $366 million in September 2025, a 25% increase year-on-year. Growth was driven by global expansion, relaxed forex retention rules, and currency stability. IT exports for Q1 FY2025 reached $1.06 billion, setting strong momentum toward the $5 billion FY2026 target.

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