KARACHI: Askari Bank, with a vision to promote financial inclusion and provide quick solutions through digital innovations, has signed a Memorandum of Understanding (MoU) with Qisstpay BNPL (Pvt) Ltd.
Qisstpay offers a fast and secure payment and checkout platform through its Buy Now, Pay Later service.
This strategic alliance will expedite the growth of e-commerce in the country by providing payment solutions to online buyers, merchants and business partners, explore supply chain financing options as well as initiatives like Soft POS/Contact Less payment options for online merchants.
The MoU was signed by Shehryar Ali Shah, Chief Digital Officer, AKBL and Jordon Olivas, founder and CEO Qisstpay BNPL (Pvt) Ltd Masroor Omar, Country Head Consumer Banking, AKBL, Syed Saad Ahmed, Co-Founder Qisstpay, Yasser Khan, Global SVP, Product & Partnerships Qisstpay and Usman Nasir, VP, Product Management Qisstpay and other senior officials from both organizations were also present at the ceremony.
Speaking on the occasion, 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.”
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.”
Copyright Business Recorder, 2022
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