Karachi, May 21, 2019 (PPI-OT): Allied Bank Limited (ABL) and Avanza Premier Payment Services (APPS) have collaborated to revamp online transactions through Payfast; APPS’ payment gateway. Payfast will allow the customers of ABL to shop on APPS’ vast merchant network which ranges from schools, billers, mutual funds, marketplaces and other entities via their, bank accounts.
ABL, with its existence of over 75 years, has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services while placing major emphasis on retail banking. The Bank has a large network of over 1300+ online branches and ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.
APPS is a start-up fintech governed under PSO/PSP regulation of the State Bank of Pakistan (SBP), focused on becoming a catalyst of digitization in Pakistan by transcending into a digital payment switch for the enablement of various online services such as Mobile Payments, P2P transfers, E-Commerce and creating an entire payment trail for Pakistan’s digital economy.
Mr. Adnan Ali, CEO – APPS, said,
We go beyond cash by empowering customers through services that enable seamless digital payments, through our digital ecosystem. This signing signifies an important milestone as Allied Bank ranks amongst the top banks in Pakistan. We will be working in unison towards mainstreaming how online payments are conducted while promoting Pakistan’s digital economy and Going Cashless.
Mr. Muhammad Zaman, Group Head Digital Banking – ABL, said,
ABL is focused on enabling digital payments for customers of all segments. Partnership with APPS is yet another step to expand digital payments ecosystem. We hope that this initiative will greatly help to expand digital payments in Pakistan.
For further information on Avanza Premier Payment Services or Allied Bank Limited, you can visit their websites; www.apps.net.pk or www.abl.com
For more information, contact:
Allied Bank Limited
Khayaban-e-Iqbal, Main Clifton Rd, Bath Island,
Karachi, Pakistan
Tel: 92-21- 111 110 110
Email: info@abl.com