Faysal Bank Limited (FBL) and PayFast have partnered to expand digital payment acceptance throughout Pakistan. With the ever increasing needs of the Retail and SME businesses to serve a larger audience through local and international e-commerce acceptance, Faysal Bank will aid its customer-base in digitization by providing a seamless payment gateway service, powered by PayFast.
By leveraging PayFast’s reliable payment gateway, FBL is empowered to offer its corporate clients a seamless digital payment acceptance service, ensuring enhanced transaction experiences and greater convenience for millions. As a State Bank licensed and regulated payment gateway, PayFast has been instrumental in facilitating online payment acceptance for businesses across the nation. With its secure platform, it enables its partners to collect digital payments with speed and reliability, promoting improved cashflows and increased revenue maximization opportunities.
FBL’s corporate clients can now easily integrate Faysal Payment Gateway, powered by PayFast, into their websites, to accept online payments from a wide range of payment methods, including bank accounts, mobile wallets, and both domestic and international debit and credit cards, providing a streamlined checkout experience for their customers.
Speaking on the partnership, Syed Amin Ur Rahman, Chief Digital Officer at Faysal Bank stated: “At Faysal Bank Limited, we continuously strive to enhance our customers’ banking experience by offering innovative and secure solutions. Our collaboration with PayFast allows us to further strengthen our digital payment services and provide our valued corporate clients with a robust and efficient payment acceptance platform.”
Adnan Ali, PayFast’s CEO added: “This strategic partnership highlights our shared commitment to transforming the digital payments landscape in Pakistan. By utilizing PayFast’s secure payment gateway and FBL’s expertise in financial services, both entities aim to revolutionize digital payment experiences, enhance transaction security, and drive financial growth for businesses across the nation. We couldn’t be more excited!”
Meanwhile, Arshad Raza, Chairman at PayFast noted: “Pakistan’s retail sector has tremendous opportunity and is a significant contributor to the country’s economy. By further digitizing this space, both PayFast and Faysal Bank hope to bring more avenues of growth to the country.”
For more information about PayFast and Faysal Bank Limited, please visit their respective websites: www.gopayfast.com and www.faysalbank.com.
