Avanza Premier Payment Services, an emerging financial technology company, and NRSP Microfinance Bank, one of the largest microfinance banks in Pakistan signed an agreement to enable Payfast, an E-commerce and M-commerce payment gateway which will allow customers and merchants to benefit from online payment facilities.
APPS & NRSP Bank’s collaboration is a timely move to harness the potential of the rapidly evolving FinTech and cashless landscape that opens numerous avenues for all its customers across Pakistan. With Payfast, all of NRSP Bank’s customers will be able to transact online on numerous APPS partner merchants which range from market places, schools, billers to mutual funds and various other categories through bank accounts and cards.
Mr. Zahoor Hussain Khan, President & CEO NRSP Microfinance Bank said,“With our combined effort and focus in understanding and meeting customer needs, we realize that financial solutions are needed, especially payment mechanisms, that are fast, secure and in-line with modern banking practices. Payfast has the capacity to facilitate our customers immensely. With this rapid introduction of new technologies we are raising the bar of customer expectations for the entire industry and are quite happy with our mutual efforts to meet these expectations and increase customer satisfaction.”
Mr. Adnan Ali, CEO of APPS said, “We believe in enhancing the online commerce within our communities. Our motive is to empower customers while creating an environment where they may use financial services for seamless online payments. Collaborating with NRSP Bank is a part of our strategic planning on building a digital ecosystem. With our continued efforts we will strive to make our community to ‘Go Cashless’.”