PayFast brings the ultimate and innovative solution to address the pain points of the digital payments industry of Pakistan. Pakistan has over 80 million 3G/4G subscribers, and the huge potential of eCommerce, the market value is estimated at USD 2 billion with a remarkable average yearly growth of 58%. COVID has evidently caused a boom […]
Bank Alfalah and PayFast have joined hands to enable MasterCard Payment Gateway Services (MPGS) on PayFast’s payment gateway with the objective of transforming the financial services sector in Pakistan. The partnership will make PayFast the only payment gateway solution in Pakistan to offer multiple financial instrument acceptance i.e. bank accounts, mobile wallets and scheme cards […]
Numerous data breaches have taken place in Pakistan in recent years, card skimming and fraudulent transactions are not uncommon occurrences especially in the payment sector. In response to the ever growing need of cyber security, PayFast; a robust payment gateway service, has recently received the coveted PCI DSS (Payment Card Industry Data Security Standard) Certification, […]
With over 76 million internet subscribers in the country, the government’s keen interest for a digital Pakistan, the emergence of PSO/PSP, EMI regulations, and Micro Payment Gateway Initiative, it is evident that Pakistan is ripe for e-commerce and m-commerce transactions. In line with this, PayFast and Bank of Punjab (BOP) have partnered with the aim […]
