Faysal Bank and SimpliFI Pakistan partner to offer Innovative Financial Digital Services through Fintech Express Program
Karachi, August 05, 2022 (PPI-OT):Fintech Express Program from Faysal Bank is focused on identifying and fostering Fintechs and Startups with promising, high-potential innovative technologies from Mastercard that accelerate and facilitate the entire digital payment journey for Fintechs. Through this collaboration Faysal Bank and SimpliFi will be able to move ahead in the mission of expanding financial inclusion by enabling digital payments for unbanked and underbanked SME’s sectors in Pakistan.
Faysal Bank has been at the forefront of digital financial services in Pakistan and SimpliFi has been enabling digital payments for businesses across MENA. This association between two industry leaders, highlights the joint vision of both parties to introduce market leading products to support businesses and contribute towards the digital payments vision set forth by the State Bank of Pakistan.
Speaking at the signing ceremony, Mr. Shaheryar Saeed Khan, Chief Digital Officer, FBL said, “Faysal Bank is eager to create partnerships and support EMI’s and Fintechs in Pakistan. This agreement with SimpliFI Pakistan shows our commitment to offer innovative, digital solutions to facilitate development and expansion of digital ecosystem in Pakistan.”
SimpliFi has been rapidly expanding its model across the MENA region and we are excited to enter Pakistan to enable the burgeoning digital payments ecosystem in the country.” said Ali Sattar, Founder and CEO of SimpliFI. “We are confident that our partnership with Faysal Bank will empower local and international businesses in Pakistan to offer market leading solutions that drive efficiency in payments.”
The signing ceremony held at Faysal Bank Head Office Karachi was also attended by Fahad Mirza, Head of Digital Products and Channels from Faysal Bank and Tafseer ul Islam Siddiqui, Head of Engineering from SimpliFi.
For more information, contact:
Faysal Bank Limited
Faysal House, ST-02, Shahrah-e-Faisal, Karachi, Pakistan