Financial Technology
Haidermota & Co. is widely regarded as a market leader in the financial technology space and has had the opportunity to advise clients on some of the landmark transactions in this rapidly growing sector.
We assisted in the establishment of the first integrated payments switch in Pakistan, called 1LINK (Guarantee) Limited (1LINK), which created the necessary infrastructure to enable ATM, Inter-Bank Fund Transfer, Point-of Sale, and Bill Payment transactions which are common today. Since then, our role in providing legal advice in the digital payments space has substantially increased due to our understanding of the regulatory concerns of the State Bank of Pakistan (SBP) and our history of advising financial institutions in Pakistan. Our clients benefit from our thorough understanding of issues relating to AML/KYC, customer confidentiality, and deposit taking functions, which our Firm has extensively dealt with in advising the financial sector and has debated at length with the SBP. Our Firm has successfully defended 1LINK in the industry-wide investigation of ATM charges initiated by the Competition Commission of Pakistan.
We have comprehensive experience in drafting bilateral and multilateral agreements for Banks, Telecom Companies, Utility Companies, International Card Networks, and other Service Providers which have contributed to the expansion of e-commerce services in Pakistan. We also advise clients on regulations related to data protection.
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From complex transactions to regulatory issues and litigation, our highly professional team of lawyers is equipped with knowledge across multiple legal disciplines to provide a comprehensive perspective for sophisticated matters.