Careem, the internet platform of the greater middle east and Pakistan, and JS Bank recently announced that thousands of Careem captains who have leased a car through JS Bank will now have the facility of getting the principal amount on their loan deferred for up to twelve (12) months in light of the ongoing COVID-19 situation in Pakistan. This facility,in line with State Bank of Pakistan’s announcement regarding relief measures for borrowers, will help lessen the financial burden on those Captains who use their earnings to pay for monthly installments on their car lease. Careem captains who have regularly been paying installments on their JS Bank will have the option to defer principal payments through a deferment request submitted to their nearest branch that will allow them to apply for loan deferral. Upon receiving such a request, JS Bank will process the application and provide approval within 15 days. This policy will only apply on the principal loan amount, with captains only required to pay interest and insurance payments for their vehicles. Zeeshan Hasib Baig, General Manager Careem Pakistan, commented on the occasion “Captains are the heart of what we do at Careem, and we appreciate and value their selfless service to our customers and communities in these unprecedented times. A large number of our captains have leased vehicles to use on the Careem platform and deferred payment on loans will help reduce the financial strain on them in the coming days with restricted mobility mandated by the government” Must Read: Punjab Skills Development Fund (PSDF) and Gnowbe to offer free Online COVID-19 ‘Infection Prevention & Control’ course in Pakistan Reflecting on the relief plan, Mr. Babbar Wajid, Head of Product Management & Business Head Consumer Banking, stated “We are working with our long-standing partners Careem to help our Captains sustain this difficult period, and we remain committed towards our valuable customers to help them fight against the Covid-19 pandemic. We hope to minimize the financial burden on our valued Captains through this relief plan, and we wish that each and every one of them remains safe & healthy.” Careem has recently also announced a range of initiatives to help captains including a health insurance scheme, a new sick pay policy for those identified as COVID-19 positive or in quarantine, distribution of ration packs and safety gear, as well as generous contributions from Careem colleagues. JS Bank has been playing an active role in ensuring the health and safety of its internal and external stakeholders by being the first bank in Pakistan to implement zero transactional charges on Internet, Mobile and ATM banking. To further facilitate customers impacted by economic conditions, JS Bank has deferred principal payments of home and auto loans for upto a year. In April, the Bank and its clients also announced a PKR110 million fund to combat the Corona virus nationwide. The fund will be utilized to provide rations to food insecure families, safety equipment to medical and other frontline institutions and conduct medical and technological research.
Twitter now helps two-factor authentication through alternative party applications
Twitter silently released support for third-party two-factor authentication applications permitting the twitterati to now use these programs to safeguard their accounts, a advertising statement said. A Tweets developer said that feature have been live since “late this past year or early this season”, technology website Android Law enforcement officials reported on Mon. This feature allows Twitter users to make use of third-party apps, such as Yahoo Authenticator or LastPass Authenticator, to safeguard their accounts. To carefully turn this feature on, users can go directly to the Configurations menu on Twitter’s website, then go to Profile, to check out “Login confirmation” under the Security menu. Twitter already has its two-factor authentication feature, and new users should activate this technique before being permitted to create a third-party authenticator app. Once Twitter’s system is turned on, users can click on the button reading “Setup a code generator app” to trigger the third-party software of the choice. In January this season, computer experts have found large collections of imitation accounts on the micro-blogging site and advised that one individual or an organization is taking care of these accounts. Relating to a BBC article, the most significant network that was found have attached mutually more than 350,000 accounts and additional work recommended that others might be a great deal larger. The sites were uncovered inadvertently when some analysts were probing Twitter to observe how people utilize it. A number of the accounts were used to fake follower volumes, send spam and raise affinity for trending topics. By the third 1 / 4 of 2016, the micro-blogging service averaged at 317 million regular monthly active users. Reuters
