Askari Bank Limited , with a vision to promote financial inclusion and provide quick solutions through digital innovations have signed a Memorandum of Understanding with QisstPay BNPL (Pvt) Ltd.
Qisstpay primarily offers a fast and secure payment; checkout platform through its Buy Now, Pay Later service.
The collaborative partnership is set to benefit businesses and consumers in multiple ways by offering a smooth transition from conventional practices to digitalized solutions, cutting solutions, cutting across lending, supply chain financing, and financial management domains. The partnership aims to equip businesses with tools that can make their operations more efficient and provide them easy access to funds, and empower users with more control over their monetary affairs, alongside ease of use.
This strategic alliance will expedite the growth of e-commerce in the country by providing payment solutions to online buyers, merchants, and business partners, exploring supply chain financing options as well as initiatives like Soft POS/Contactless payment options for online merchants.
The MoU was signed by Mr. Shehryar Ali Shah, Chief Digital Officer, AKBL and Mr. Jordon Olivas, Founder & CEO Qisstpay BNPL (Pvt) Ltd. Mr. Masroor Omar, Country Head Consumer Banking, AKBL, Syed Saad Ahmed, Co-Founder Qisstpay, Mr. Yasser Khan, Global SVP Product & Partnerships, and other senior officials from both organizations were also present at the ceremony.
Speaking at the occasion, Mr. Shehryar Ali Shah said, “We wish to serve the masses with increased simplicity in managing their day-to-day financial affairs through this strategic partnership.”
Mr. Jordan Olivas said, “This partnership with Askari, a premier bank in Pakistan, is a special one as it will help us make improvements in the financial services infrastructure in Pakistan by making it easier for other players in the future to utilize the foundation we are building and execute innovative solutions.”
