PayFast and Bank Alfalah Partner with Intent to Boost Pakistan’s Fintech Landscape

Latest E-commerce News

One of the renowned banks of Pakistan; Bank Alfalah joins hands with the online payment processing service PayFast. The partnership enables customers to make online transactions with just their bank account numbers.

Payfast

With an international presence in Afghanistan, Bangladesh, Bahrain, and the UAE, Bank Alfalah is a private leading bank currently accommodating more than 800 ATMs and 200 branches across Pakistan offering conventional and Islamic banking services to its clientele. It has made sure to play a significant role in the online and digital sphere to encourage a shift towards digital payments.

While functioning with the utmost security and PCI-DSS certification, PayFast allows businesses of any kind to receive payments from clients through various different online payment methods.

The platform reduces loss for its clientele through fraud detection of industry standards. Payments can be accepted from any and all types of businesses including E-commerce merchants, E-commerce retailers, freelancers, corporations, and billing entities.

The signing ceremony was graced by the presence of Adnan Ali (CEO-PayFast), Ammar Ikhlas (Head of Retail Payment Solution-Bank Alfalah), Awais Zafar (Head of Acquiring Business-Bank Alfalah), and Muhammad Anwar Khawaja (Managing Digital Acquiring-).

Words of Wisdom by Payfast CEO

Adnan Ali stated in the signing ceremony that “We strive to revolutionize digital payments in Pakistan and today we have taken a huge step in the journey by adding Bank Alfalah to our list of partner banks. It delights us that we also share the same enthusiasm we have to digitize payments in Pakistan”

While Ammar Ikhlas, Head of Retail Payment Solution, reflected on the partnership saying “Our Bank has been at the forefront of creating unique avenues that facilitate customers, especially with respect to digitization. This partnership with PayFast is another step for us to expand our infrastructure and serve a wider customer base with convenient, secure, and simple banking solutions”.

For more updates survey our website pages including happenings, blogs, and reviews.