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Seen in the picture (from Left to Right): Mr. Hyder Mumtaz – Strategy and Operation Director, Monami, Mr. Bashir Sheikh – President, Inov8, Mr. Muhammad Aqib Zulfiqar - Member BOD & CFO, Inov8, Mr. Ammar Afif – Chairman, Monami

Inov8 – Official Release

Lahore, October 8th 2015: Inov8 Limited, the region’s premier mobile commerce and payments provider, has partnered with Monami, a leading aggregator operating in North America and the region, to offer Internet Payments in Pakistan.  This is the first time that such a large portfolio of internet payments, including leading names such as Google Play Store, Apple App Store and iTunes, Skype, PlayStation, Steam, Xbox Live, and World of Warcraft payments amongst more than 50 others, are being made available locally to Pakistani customers under the name “Cardwalla.” Inov8’s AllPay platform is being used to make these payments available to Pakistani customers through all banking channels in Pakistan including Mobile Banking, Branchless Banking, Internet Banking, ATM’s, POS, as well as Bank and Retail counters against cash. 

“Inov8 has been working to grow the mobile payments industry in Pakistan since 2004.  Today we have one of the largest offerings of products and services as well as one of the biggest client portfolios in the region.  Launching the Cardwalla service for internet payments through our AllPay platform is in line with our vision to change the way payments are made today to bring ultimate convenience to the end consumer.  AllPay is an open aggregation platform available to all Banks and Retailers designed to allow consumers to make payments conveniently. Estimates suggest a $60 million dollar Ecommerce market size in Pakistan with most internet payments being made informally.  This number is expected to grow to $500 million by 2017, and with the Cardwalla service, we are providing a convenient means to pay through formal channels.  Bashir Sheikh, President and Co-Founder, Inov8 Limited.

“Monami looked at the Pakistani market and found that consumers were lacking in comparison to others in similar markets in terms of product breadth and accessibility. We are enabling the Pakistani consumer to become a global consumer and access international products. This is the first phase of Monami’s roll out of a 100% free home remittance option for Pakistanis around the world. ”Ammar Afif, Chairman, Monami

About Inov8 Limited

Inov8 Limited, setup in 2004, is Pakistan’s first and the region’s leading mobile financial services (MFS) solution provider, and has grown to become the leading partner to banks and telcos, both locally and internationally. Inov8 offers a host of next generation products designed to address all facets of the mobile based financial services and mCommerce value chains.  Inov8 is ready to integrate all banks and retail organizations interested in offering Cardwalla services and can be contacted at allpay@inov8.com.pk.

About Monami

Monami is a financial tech company that operates a Global Payment Hub and focuses on emerging markets. By introducing unique technologies and products present in the developed economies, Monami aims to bridge the gap between western & eastern consumers. Apart from Cardwalla, Monami is launching a redemption channel for international digital wallets. Headquartered in Dubai, Monami is a global company that is growing every month and entering new markets every quarter. We are actively seeking sales relationships for the MENAPAK region – please contact partner@monami.net if you would like to be a Monami sales channel.


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Inov8 Featured on GEO News on Thursday, October 08, 2015


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Published by Jawwad Rizvi & Moayyed Jafri on The News International, October 09, 2015

LAHORE: Monami has announced to channelise e-commerce remittances and payments to Pakistan without any fee from consumers in a bid to document international transactions of overseas Pakistanis, especially in Gulf Cooperation Council (GCC).

For this, Monami has partnered with Inov8, a Pakistani premier mobile commerce and payments provider to offer internet payment with its brand name ‘Cardwalla’.

Partnering with Inov8 provides Monami an opportunity to use the wide user base and e-commerce linkages already developed by it.

This is the first time that such a large portfolio of internet payments, including leading names such as Google Play Store, Apple App Store and iTunes, Skype, Netflix, PlayStation, Steam, Xbox Live, and World of Warcraft payments amongst more than 50 others, are being made available locally to Pakistani customers under the name ‘Cardwalla’. Continue reading


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Published by Business Recorder on Friday, October 09, 2015

President and Co-Founder, Inov8 Limited Bashir Sheikh has claimed that the estimated share of e-commerce in the Pakistani market “is $60 million with most Internet payments being made informally. This number is expected to grow up to $500 million by 2017.” His briefing came to a selected group of journalists on Thursday about partnership of the Inov8 and the Monami, a financial tech company that operates the Global Payment Hub and focuses on emerging markets.  Continue reading


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Published by The Dawn on Friday, October 09, 2015

LAHORE: Inov8 Limited, Pakistan’s premier mobile commerce and payments provider, has partnered with Monami, a leading aggregator operating in North America and the region, to offer internet payments in Pakistan.

This is for the first time that such a large portfolio of internet payments, including leading names such as Google Play Store, Apple App Store and iTunes, Skype, Netflix, Play Station, Steam, Xbox Live, and World of Warcraft payments amongst more than 50 others, are being made available locally to Pakistani customers under the name “Cardwalla”, says a press release by Monami. Continue reading


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Published by Pakistan Today on Friday, October 09, 2015

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Seen in the picture (from Left to Right): Mr. Bashir Sheikh – President, Inov8, Mr. Hyder Mumtaz – Strategy and Operation Director, Monami, Mr. Ammar Afif – Chairman, Monami

Inov8 Limited, Pakistan’s premier mobile commerce and payments provider, has partnered with Monami, a leading aggregator operating in North America and the region, to offer internet payments in Pakistan. This is the first time that such a large portfolio of internet payments, including leading names such as Google Play Store, Apple App store and iTunes, Skype, Netflix, PlayStation, Steam, Xbox Live and World of Warcraft payments among more than 50 others, are being made available locally to Pakistani customers under the name “Cardwalla”. Continue reading


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BoP Zong  Inov8 Press Release

Inov8 – Official Release

Islamabad, June 22 2014: BOP, Zong and Inov8 signed an MOU to announce their partnership for digitizing government flows via the branchless channel.

Branchless Banking is the provision of financial services through neighborhood retail shops whereby the financial services are offered to the unbanked population at their doorsteps. This is a first of its kind arrangement wherein service providers with existing market experience are coming together to provide the services which are aimed at poverty alleviation and financial inclusion of the under privileged masses.

There are 2 areas to focus for successful implementation: i) The Technology ii) The Agent Network (distribution side). BoP has entered into an MoU with Zong and Inov8 as both organizations have local market presence, expertise and existing experience which they aim to bring together to build synergies for best service offering. Continue reading


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Published by Business Recorder on Sunday, June 22, 2014

ISLAMABAD: The Bank of Punjab, Zong and Inov8 signed an MOU to announce their partnership for digitizing government flows via the branchless channel.

Branchless banking is the provision of financial services through neighbourhood retail shops whereby the financial services are offered to the unbanked population at their doorsteps. This is a first of its kind arrangement wherein service providers with existing market experience are coming together to provide the services which are aimed at poverty alleviation and financial inclusion of the under privileged masses.

There are two areas to focus for successful implementation: i) The Technology ii) The Agent Network (distribution side). BoP has entered into an MoU with Zong and Inov8 as both organizations have local market presence, expertise and existing experience which they aim to bring together to build synergies for best service offering.


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Published by Pakistan Observer on Sunday, June 22, 2014

Sunday, June 22, 2014 – Karachi—BOP, Zong and Inov8 signed an MOU to announce their partnership for digitizing government flows via the branchless channel. Branchless Banking is the provision of financial services through neighborhood retail shops whereby the financial services are offered to the unbanked population at their doorsteps. This is a first of its kind arrangement wherein service providers with existing market experience are coming together to provide the services which are aimed at poverty alleviation and financial inclusion of the under privileged masses.

There are 2 areas to focus for successful implementation: i) The Technology ii) The Agent Network (distribution side). BoP has entered into an MoU with Zong and Inov8 as both organizations have local market presence, expertise and existing experience which they aim to bring together to build synergies for best service offering. Speaking at the occasion Mr. Naeemuddin Khan said “The Bank of Punjab is pleased to sign MoU with Zong and Inov8 Limited to extend financial services to the grass root level of the population. This initiative will not only bring prosperity to the region but also help the underprivileged to enjoy financial services at their doorstep.” Continue reading


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Published by The News International on Sunday, June 22, 2014

Islamabad: BOP, Zong and Inov8 signed an MOU to announce their partnership for digitizing government flows via the branchless channel.

Branchless Banking is the provision of financial services through neighborhood retail shops whereby the financial services are offered to the unbanked population at their doorsteps. This is a first of its kind arrangement wherein service providers with existing market experience are coming together to provide the services which are aimed at poverty alleviation and financial inclusion of the under privileged masses. Continue reading


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