JS Bank & Avanza Premier Payment Services Partner to Diversify Online Payments
JS Bank, one of Pakistan’s fastest growing financial institutions, has entered into a partnership with Avanza Premier Payment Services (APPS), a start-up fintech with the objective to deploy a Domestic Online Payment Gateway and act as a catalyst for digitalization of brick-and-mortar SMEs within Pakistan.
PayFast, APPS’ end-to-end payment gateway, creates the opportunity for customers of JS Bank to safely conduct transactions via debit cards, bank accounts or mobile wallets on a vast ecosystem of merchants ranging from schools, mutual funds, marketplaces and other entities.
Speaking at the occasion, Imran Soomro, CIO – JS Bank, stated, “JS Bank focuses on creating convenience and ease for customers by providing a range of diverse and value-added services through both traditional and digital banking channels. Payfast will be a strong addition to our portfolio of digital services.”
Adnan Ali, CEO – APPS stated, “We go beyond cash by empowering customers through services that enable seamless digital payments, through our digital ecosystem. Our strategic partnership with JS Bank, will transform how a multitude of customers perform day-to-day transactions. “
Both organizations will work together to expand and enhance the digital landscape of Pakistan by providing customers an easy to use, secure, reliable and diverse financial payment solution.