Paysys Labs Pvt Ltd, a leading payment technology provider, has partnered with Allied Bank Limited to enable RAAST MSP/P2M services, marking a significant step in transforming digital payments in Pakistan. This collaboration aims to provide secure, efficient, and seamless transactions for merchants and consumers across the country. By integrating RAAST QR MSP/P2M payment services, the partnership will empower Allied Bank merchants with a cashless and convenient payment experience, further driving the country’s digital financial ecosystem forward.
This initiative aligns with the broader goal of fostering financial inclusion by simplifying transactions and enhancing accessibility to digital payment solutions. Through this partnership, merchants associated with Allied Bank will be able to accept digital payments via RAAST QR codes, ensuring a faster, safer, and more reliable alternative to traditional cash transactions. The move reflects the growing adoption of digital financial services in Pakistan, driven by technological advancements and a shift toward cashless transactions.
Karim Jindani, Chief Executive Officer of Paysys Labs, emphasized the importance of the collaboration, stating that it underscores Paysys Labs’ commitment to driving innovation in the fintech sector. He highlighted that the introduction of RAAST QR MSP/P2M services would enable a seamless and secure payment experience, contributing to the expansion of financial inclusion across Pakistan. The partnership represents a step forward in providing merchants and consumers with accessible and efficient digital financial solutions.
Paysys Labs, a key player in the payment technology sector, offers a wide range of digital payment solutions, including mobile wallets, electronic payment gateways, and financial transaction processing services. With a focus on enhancing transaction speed, reliability, and security, the company is dedicated to ensuring businesses can manage financial transactions efficiently while offering consumers a user-friendly and transparent payment experience. By leveraging cutting-edge financial technology, Paysys Labs continues to support the evolution of digital banking and payment services in Pakistan.
Allied Bank Limited, one of Pakistan’s leading financial institutions, is known for its commitment to innovation and excellence in banking services. The bank provides a comprehensive suite of financial solutions, including consumer banking, corporate banking, and digital banking products. With a focus on secure and efficient banking, Allied Bank has been at the forefront of adopting digital technologies to enhance customer experience. Through this collaboration with Paysys Labs, the bank aims to further expand its digital payment offerings, providing merchants and customers with greater convenience and security in financial transactions.
As digital payments gain momentum in Pakistan, strategic partnerships such as this play a crucial role in strengthening the country’s financial infrastructure. The collaboration between Paysys Labs and Allied Bank not only benefits businesses and consumers but also contributes to Pakistan’s broader goal of developing a robust and inclusive digital economy. With the increasing reliance on fintech-driven solutions, the adoption of RAAST QR MSP/P2M services will accelerate the transition toward a more digital and cashless financial landscape in the country.
For more information, visit Paysys Labs and Allied Bank.
