This collaboration will enable both entities to accelerate their missions of promoting financial inclusion and digitizing the banking ecosystem of Pakistan.
Fintech Express program offered by Faysal Bank is focused on identifying and partnering with Fintech and Startup that exhibit promising, and highly innovative technologies.
Faysal Bank facilitates these companies through this program to accelerate the entire digital payment journey.
Speaking at the signing ceremony, Meharyab Niazi, CEO YAP Pakistan shared, “Obtaining the In-Principal Approval for our EMI license was a critical first step as we work towards a more digitally inclusive world; encouraging financial inclusion only paves way for us to reach our real goal that is to improve quality of life by providing access to essential financial services.”
He further added: “YAP is committed to bringing digital financial services to underserved communities as a way of reducing inequality, promoting prosperity, and empowering individuals. We are thrilled to be partnering with Faysal Bank in Pakistan and hope to use technology and innovative products to create value for our customers.”
Adding on the occasion, Mr. Yousaf Hussain, CEO, Faysal Bank Ltd. said, “Faysal Bank wants to be the cornerstone of the digital product revolution in Pakistan.”
“We are eager to create partnerships with EMI and Fintech and further support State Bank financial inclusion initiative in Pakistan. Faysal Bank’s agreement with YAP demonstrates our commitment to facilitate FinTech and startups in Pakistan”; said Yousaf Hussain.
Furthermore, the Fintech Express program from Faysal Bank is focused on creating partnerships with EMI and Fintech & further encouraging State Bank’s financial inclusion initiative in Pakistan.
Faysal Bank offers a digital and innovative product suite that will accelerate and facilitate the entire digital payment journey for YAP Pakistan.
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