Friday, May 24, 2024
HomeBusinessAskari Bank signs an MoU with QisstPay

Askari Bank signs an MoU with QisstPay

With a vision to promote financial inclusion and provide rapid solutions through digital innovation, Askari Bank Limited has signed a Memorandum of Understanding with QisstPay BNPL (Pvt) Ltd.

Above all, Qisstpay offers 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 seamless transition from conventional processes to digitized, end-to-end solutions across lending, supply chain finance and financial management. The aim of the partnership is to equip businesses with tools that can streamline their operations and give them easy access to funds, giving users greater control over their financial affairs and ease of use.

This strategic alliance will accelerate 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 and CEO of Qisstpay BNPL (Pvt) Ltd. Mr. Masroor Omar, Country Head Consumer Banking, AKBL, Syed Saad Ahmed, Co- Founder of Qisstpay, Mr. Yasser Khan, Global SVP Product & Partnerships and other senior officials of both organizations were also present at the ceremony.

Speaking on the occasion, Shehryar Ali Shah said, “Through this strategic partnership, we wish to serve the masses more easily in managing their day-to-day financial affairs.”

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