Bank Alfalah completed the acquisition of a 9.9% stake in Jingle Pay.

Bank Alfalah, a commercial bank, completed the acquisition of a 9.9% stake in Jingle Pay, a fintech in the MENAP region. Financial terms were not disclosed. "This acquisition is a milestone in our journey to lead the digital banking revolution. By combining Jingle Pay's innovative platform with Bank Alfalah's resources, we aim to redefine cross-border financial services and deliver exceptional value to millions of users," Farooq A. Khan, Bank Alfalah Group Head - Corporate, Investment Banking and International Business.