Category Archives: Finance

The Coca-Cola Scholarship Program MENA 2016

By | Asia, Career, Education, Entrepreneurship, Event, Finance, How To, Pakistan, Scholarships, Technology, Travel | No Comments

For the 5th consecutive year, The Coca-Cola Company and the United States Department of State joined to launch another edition of the Coca-Cola MENA Scholarship Program 2016.

The Coca-Cola Company & the US Department of State are partnering for the 5th consecutive year to sponsor 100 university students from 7 different countries across the Middle East, North Africa and Near Asia to attend a month-long business program at Indiana University’s prestigious Kelley School of Business, one of the top ranked business programs in the United States.

2016 edition of the scholarship program includes university students from:

This multi-faceted, immersion scholarship program is designed to give a group of students the opportunity to learn about business education through an accelerated curriculum. The program, which begins in early July 2016, is fully funded including travel to and within the United States, accommodations, meals, and university and visa fees.

Make Tomorrow Better

All you have to do is share your business idea on how to Make Tomorrow Better in your country.

The 25 ideas with the most votes will automatically make it to the semi-final round. Following the semi-finals, 14 final winners will be selected and will win scholarships to attend the program at Indiana University. Submit your ideas before the application closes on March 20th.

SEE MORE details about Coca-Cola’s previous MENA Scholarship Programs

! Please note that the program will take place during Ramadan and that the travel dates can’t be amended. Indiana University is well aware of Ramadan and will make accommodations for attending scholarship winners.

To participate you can start by choosing your nationality

Are You the Next Coca-Cola Scholar?

Are You the Next Coca-Cola Scholar?

Or do you know a university student who has the potential to become one? If so share this.

share your business idea
Apple Pay was Co-Invented by a Pakistani

Apple Pay was Co-Invented by a Pakistani

By | Business, Business Apps, Finance, Mobile, Mobile Marketing, Personal Branding, Shopping, Technology | No Comments

Like all things apple, the tech giant’s Apple Pay promises to be a game changer. In this case, iPhone users are now able to securely and privately make swipe-free payments at, to begin with, some 220,000 stores in the U.S. using credit and debit card information stored on their devices. One of the seven men behind this bigger-and-better product is Pakistan’s Ahmer Ali Khan.

Khan, 38, hails from Rawalpindi, graduated from the Ghulam Ishaq Khan Institute of Engineering Sciences and Technology —where friends knew him as The Programmer—and moved to Silicon Valley in 2000. He worked a number of short tech gigs until landing his first full-time job at a startup. On his first day there, Khan was asked if he knew the Java computer language. He didn’t. But he was ambitious and determined. “‘I promise I will know it by tomorrow,’” Raza Shaukat Latif, a friend of Khan’s, recalls him as saying at the time. “Sure enough, he bought a book and crammed the entire night.” By morning, Khan knew the language. “That is just how brilliant he is,” Latif told Newsweek. “He has had the tech bug in him for a very long time.”

It was at the now-defunct ViVOtech, a company specializing in Near Field Communication software, that Khan first tried his hand at building a cell phone-based, contactless payment system. In 2011, Apple picked Khan to work on its “top secret” digital payment system aimed at revolutionizing shopping and, potentially, retail banking.

In February, Khan and six other co-inventors filed their patent for what Apple CEO Tim Cook would unveil to the world on Sept. 9 as Apple Pay. It “will forever change the way all of us buy things,” Cook said at the launch in Cupertino of the new technology, iPhone 6, iPhone 6 Plus and Apple Watch.

Khan lives in Milpitas, California, with his wife and two children. Citing Apple rules, he declined to comment for this piece.

Apple Pay allows a shopper to simply hold his Apple device, an iPhone or the Apple Watch, which comes out next year, to a contactless reader to make payments, which are confirmed as transmitted through a short vibration or beep. Credit and debit cards can be added to the device’s Passbook app using the phone camera. All transactions are entirely secure and private, says Apple.

“With Apple Pay, instead of using your actual credit and debit card numbers when you add your card, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element, a dedicated chip in iPhone and Apple Watch,” it says. “These numbers are never stored on Apple servers. And when you make a purchase, the Device Account Number alongside a transaction-specific dynamic security code is used to process your payment. So your actual credit or debit card numbers are never shared by Apple with merchants or transmitted with payment.”

In case the device is lost or stolen, banking and other information can be deleted remotely.

Google Wallet preceded Apple Pay but failed to take off and replace plastic. Apple’s recent past is a good indication that with Khan and team’s Apple Pay, it will hit pay dirt.

This post originally appeared in the October 5, 2014 edition of Newsweek Pakistan