Avanza Premier Payment Services (APPS), through its payment gateway PayFast, has partnered with SIMSIM to boost the acceptability of digital payments for SIMSIM customers who will now be able to transact on APPS’ merchant network.
Through APPS, merchants & different corporate entities will be able to accept all the payments digitally from SimSim customers. Moreover, customers will also have this facility to perform hassle-free transactions without any fee or extra charges, and within a few seconds. The entire system will be integrated efficiently from the backend of the mobile application.
SimSim, which is a joint venture of FINCA Microfinance Bank Limited & FINJA Pvt Ltd, is a telco-agnostic digital mobile solution. It is a frictionless customer onboarding experience allowing a mobile account to be opened in under a minute by simply using a smartphone. SimSim offers a great variety of deals on food ordering and online shopping apart from providing convenient payment of utility bills, mobile recharge, QR-code based payments, inter-bank fund transfers, payments for donations, insurances, bus and movie tickets and much more.
APPS is a start-up fintech governed under PSO/PSP regulation of the State Bank of Pakistan (SBP), focused on becoming a catalyst to boost digital payments in Pakistan.
Mr. Adnan, CEO APPS, said, “Our mission is to provide seamless payment solutions for our Partner banks and merchants. Collaborating with FINCA will expand our array of Issuer Banks and will allow SimSim wallet holders to transact and make online payments by using our flagship product PAYFAST. “
Mr. Shahid Hosain Kazi, Chief Operating Officer for FINCA, said, ” This collaboration commits us to work together for one singular goal; upgrading our technology in ways, that it creates distinct value & fulfills the unmet needs of our customers. We hope for great milestones with our combined efforts and drive. At this celebration, I express gratitude to everyone whose dedication has contributed to this partnership. “