OLX Mall, Bank Alfalah introduce 'buy now, pay later' plan for credit cardholders

OLX Mall, the E-commerce platform of OLX Pakistan, has announced a partnership with Bank Alfalah, one of the leading banks in Pakistan reputed for enabling innovative solutions.

With this alliance, Bank Alfalah Credit Cardholders (which are Mastercard and Visa powered) would be able to purchase their favorite products from OLX Mall with a ‘buy now, pay later plan’. Simply put, the BNPL method is paying for goods in convenient installments rather than paying everything at once. For Bank Alfalah Credit Cardholders this includes monthly installment plans at zero markup for up to 6 months on all products priced Rs10,000 and above.

In addition to this, customers would be able to avail exclusive discounts when they purchase Home Appliances, Mobiles, Tablets, Laptops, TVs, and even home, lifestyle & grocery products.

OLX Mall would also be using Bank Alfalah’s seamless E-commerce Payment Gateway to conduct these online transactions.

A signing ceremony was held at the Bank Alfalah Consumer Banking Head Office in Lahore which was attended by senior management of both organizations.

In attendance were Syed Muhammad Asif (Head of Consumer Finance), Muhammad Qasim Rashid Janjua (Head-CF Unsecured Business Segment), Ammar Akhlas (Head - Retail Payment Solution Division), Aadil Bin Akmal (Head - CF Operations Department), Muhammad Awais Zafar (Business Financial Controller- CF Business Finance Unit), Asim Abid Mir (Unit Head-Marketing Programs Management & Execution Unit), Syed Abbas Ali Shah (Unit Head-CF.Customer Services Unit), Hassan Ayaz (Manager Loyalty Rewards & SBS Unit), Umer Mehmood Riaz (Assistant Manager Loyalty Rewards & SBS Unit) from Bank Alfalah and Yasser G. Qureshi (Financial Controller), Usman Zikria (Category Manager), Badar Usman (Campaign Manager), Ayesha Akram (PR Manager) from OLX Pakistan.

“Pakistan has a huge potential to grow the e-commerce market which is still largely untapped. Development in this segment will not only create a lot of jobs for the youth but also help give the economy a much-needed boost. Our partnership with Bank Alfalah is to refine and transform the e-commerce industry in Pakistan.” said the OLX Mall Financial Controller, Mr. Yasser G Qureshi. “We are committed to delivering on a number of key action plans that will provide customers with exceptional service and seamless transactional experiences.”