Askari Bank & Qisstpay Collaborate To Contribute To Growth Of E-commerce in Pakistan

Askari Bank Limited and QisstPay BNPL (Pvt) Ltd have signed a Memorandum of Understanding in order to advance financial inclusion and offer speedy solutions through digital innovations.

Through its Buy Now, Pay Later service, Qisstpay principally provides a quick and secure payment gateway for online purchases.

The cooperative agreement is expected to provide a seamless transition from traditional techniques to digitalized solutions, cutting across the lending, supply chain finance, and financial management domains. This will help businesses and consumers in a variety of ways. The collaboration intends to give individuals greater control over their financial lives while also providing technologies that can help businesses run more efficiently and give them easy access to capital.

By offering payment solutions to online shoppers, merchants, and business partners, researching supply chain financing possibilities, and implementing initiatives like Soft POS/Contactless payment choices for online retailers, this strategic cooperation will hasten the expansion of e-commerce in the nation.

Mr. Shehryar Ali Shah, Chief Digital Officer, AKBL, and Mr. Jordon Olivas, Founder & CEO of Qisstpay BNPL (Pvt) Ltd., signed the Memorandum of Understanding. Senior representatives from both businesses, including Mr. Yasser Khan, Global SVP Product & Partnerships, Mr. Masroor Omar, Country Head Consumer Banking, AKBL, Syed Saad Ahmed, Co-Founder Qisstpay, and others, attended the ceremony.

Shehryar Ali Shah spoke during the event and 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.”

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