• Home
  • Press Release
  • Tech
    • Gadgets
    • Internet
  • Video
Search
Tuesday, June 6, 2023
CxO News
  • Home
  • Press Release
    • Saudi
      Saudi Arabia’s Unilateral Production Cut Sends Oil Prices Soaring
      Fintech
      Fintech Revolutionizes Startup Funding in India
      ADB
      ADB Unveils Ambitious $250 Million Plan to Supercharge Power Infrastructure!
      Innovation
      Innovation District 92 and Alchemative Partner to Fuel Entrepreneurship in Pakistan
      SBP
      SBP Leading the Path to Digital Currency Revolution
  • Tech
    • 2D
      2D Microchip Unveiled, Paving the Way for Advanced Electronics
      Twitter
      Twitter enhances fact-checking with user-contributed context
      Alexa
      Amazon Discontinues Celebrity Voices on Alexa
      Australia
      Australia Calls for Stronger Laws on AI
      Air
      Air-Powered Breakthrough: Technology Generates Electricity from Humidity
      AllGadgetsInternet
  • Video
    • Twitter
      Twitter Blue Subscribers Can Now Post Two-Hour Long Videos
      Global Digital Summit
      Global Digital Summit Expo 2023: CxO Kicks off Mega Event
      Comments
      YouTube reopens comments on auto-generated music videos
      deepmind
      DeepMind AI tool for rough film, stage scripts
      YouTube
      YouTube introduces “Go Live Together”
Home Business Fintech Safepay secures pilot licence from SBP
  • Business
  • Startups
  • Technology

Fintech Safepay secures pilot licence from SBP

By
Afzal Khan Ahmadani
-
August 17, 2022
770
0
Facebook
Twitter
Pinterest
WhatsApp
    Safepay

    Karachi-based fintech Safepay announced that it has received approval for pilot operations as a payment service operator/provider from the State Bank of Pakistan (SBP).

    According to a press release issued by fintech, the pilot approval is the second step towards receiving a full payment service provider license and granted based on Safepay fulfilling the SBP’s stringent criteria.

    It added that the approval will allow Safepay to proceed with onboarding merchants and scale its operations.

    Safepay was the first Pakistani fintech to have graduated from Y-Combinator, the prestigious US-based accelerator and has recently closed another round of funding, after raising from a round led by Stripe.

    The press release said that the latest funding will allow Safepay to “double down on the groundwork made in building a world-class team, operations, and partnerships such as this one with Cybersource”.

    The startup has been active in the market since 2019 and its core offering to merchants is a one-window solution that allows customers to pay online through the merchant’s website using their bank account, mobile wallet, and now, their Visa or Mastercard-backed card.

    To that end, Safepay also disclosed its partnership with Visa’s Cybersource.

    “Through card acceptance, Pakistani merchants can receive payments from their local and international customers. This is supported by a market-leading digital onboarding experience, easy-to-use technical integrations, focused customer support, and a powerful reporting dashboard that lets small and large businesses track their payments,” the press release reads.

    Safepay co-founder Ziyad Parekh said the fintech was “excited” to see how it could help its merchants grow their businesses with its new service offerings.

    Meanwhile, Leila Serhan, Visa’s Group Country Manager and Senior Vice President for North Africa, Levant, and Pakistan, said the collaboration with Safepay “allows us to ensure that we provide merchants in Pakistan with access to high-quality security solutions that include fraud management, payment acceptance, and security”.

    Safepay Chief Business Officer Iman Urooj said that with the pilot’s approval, the fintech could scale up the number of its merchants.

    Visit CxO Global FORUM or CxO News Live for all the latest updates. 

    • TAGS
    • bank account
    • Cybersource
    • Fintech
    • Mastercard-backed card
    • mobile wallet
    • pilot licence
    • Safepay
    • SBP
    • State Bank of Pakistan
    • Visa Card
    • Visa's Cybersource
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleTencent’s NFT platform ‘Huanhe’ stops sales
      Next articleSaudi Arabia’s TAWAL will help Pakistan’s telecom sector: Finance Minister
      Afzal Khan Ahmadani
      Communication Manager, Broadcasting Producer, Creative Director, Script & Screenplay Writer, Storyteller

      RELATED ARTICLESMORE FROM AUTHOR

      Saudi
      Business

      Saudi Arabia’s Unilateral Production Cut Sends Oil Prices Soaring

      Scientists
      Press Release

      Scientists Revolutionize Materials with Groundbreaking Discovery

      Fintech
      Business

      Fintech Revolutionizes Startup Funding in India

      27,544FansLike
      415FollowersFollow
      4,400SubscribersSubscribe
      - Advertisement -

      EDITOR PICKS

      Fraudulent Text Messaging – 26 Apr 2022

      cxonnewsnews - April 27, 2022

      Huawei presented Business performance 2020 by Optimizing portfolio to boost business resilience

      cxonnewsnews - April 21, 2021

      Empowering 25,000+ Women – “She Loves Tech” Comes Back To Pakistan

      cxonnewsnews - August 7, 2021

      Substack CEO ‘Frustrated’ over Twitter’s Reaction on New Feature

      Afzal Khan Ahmadani - April 10, 2023
      News around thought leaders & corporate industry. World is moving towards knowledge economy and the change of paradigm shift is here
      Contact us: hello@cxonews.live

      EVEN MORE NEWS

      Saudi

      Saudi Arabia’s Unilateral Production Cut Sends Oil Prices Soaring

      June 6, 2023
      Scientists

      Scientists Revolutionize Materials with Groundbreaking Discovery

      June 6, 2023
      Fintech

      Fintech Revolutionizes Startup Funding in India

      June 5, 2023

      POPULAR CATEGORY

      • Press Release1128
      • Business803
      • Technology800
      • Startups272
      • Heathcare107
      • Education99
      • Mobiles77
      • Disclaimer
      • Privacy
      • Advertisement
      • Contact Us
      © By CxO Global Forum
      Go to mobile version