{
  "id": 538249,
  "title": "Korea’s Bankware Global secures Rs1.6bn software supply contract in Pakistan",
  "url": "https://urgent.news/2026/08/11/koreas-bankware-global-secures-rs1-6bn-software-supply-contract-in",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-11T06:07:06.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40434274/koreas-bankware-global-secures-rs16bn-software-supply-contract-in-pakistan"
  },
  "original_language": "en",
  "account": "Core-banking software and fintech company Bankware Global secured a significant software supply contract in Pakistan, amounting to PKR 1.57 billion (Rs1.6bn), according to a notice shared with the Korean Exchange on Tuesday. The contract, valued at 7.98 billion won, entails the development of a system and software supply for the Pakistan Post Office Department (PPOD). This arrangement represents approximately 12.6% of Bankware Global's total revenue for 2025. The contract duration spans from August 7, 2026, to March 6, 2028, and will be executed through a joint venture.\n\nThe PPOD, a cornerstone institution in Pakistan's communication and financial inclusion landscape, operates an extensive network of around 13,000 post offices. These outlets provide an array of services, including domestic and international mail delivery, remittance solutions, utility bill collections, and CNIC renewals. Recognizing the need for modernization and technological integration, the PPOD has been actively pursuing advancements in its operations.\n\nThe payment terms of the contract include an initial 20% advance payment, with the remaining 80% to be disbursed in stages. These subsequent payments will be contingent upon the implementation progress, the outcomes of inspections in each sector, and the commencement of operations and maintenance. Established over 17 years ago, Bankware Global is renowned for its development of component-driven, cloud-native core banking platforms, financial ERP solutions, card processing, and SaaS banking services. The company caters to major financial institutions across Asia.",
  "summary": "Bankware Global, a South Korean core-banking software and fintech company headquartered in Seoul, has secured a 7.98 billion won (PKR 1.57 billion) contract to build a system and supply software for the Pakistan Post Office Department. Bankware Global shared the development in a notice to the Korean Exchange on Tuesday. “The project contract runs between August 7, 2026, and March 6, 2028, and is…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}