Kuickpay has entered into a strategic partnership with Visa, a global leader in digital payments, to launch a cutting-edge Business Payment Service Provider (BPSP) platform aimed at overhauling the business-to-business (B2B) payments ecosystem in Pakistan. This alliance is set to transform how businesses manage their vendor payments, optimize liquidity, and streamline financial operations, with a particular focus on empowering small and medium enterprises (SMEs).
The newly launched BPSP platform provides a powerful digital solution that addresses multiple inefficiencies in the traditional B2B payment structure. In Pakistan, where much of the B2B landscape still relies on manual processes and cash-based transactions, the challenges are clear—low card acceptance rates, limited access to liquidity, delayed payments, and resource-heavy reconciliation procedures. This collaboration between Kuickpay and Visa directly responds to these pain points, offering a robust system that brings transparency, speed, and convenience to businesses of all sizes.
With this partnership, Kuickpay will enable businesses to pay suppliers directly using Visa Commercial Cards, even when vendors do not accept cards themselves. Payments can be routed directly into a supplier’s bank account, thus reducing Days Sales Outstanding (DSO) and improving cash flow for businesses. This digital infrastructure increases card acceptance and allows SMEs to benefit from a more seamless, efficient, and trackable payment process. Additional features such as automated reconciliation and real-time invoice tracking simplify back-end operations and significantly reduce administrative workloads.
Syed Saqib Ali, CEO of Kuickpay, shared that the platform is the result of an in-depth understanding of the financial inefficiencies holding back Pakistani businesses. He noted that Kuickpay has strategically leveraged its technological capabilities and Visa’s globally trusted payment infrastructure to deliver a solution tailored to the local market. According to him, the BPSP platform is not just about digitizing payments but about redefining how businesses manage their financial operations for long-term growth and scalability.
Visa’s Country Manager for Pakistan and Afghanistan, Umar S. Khan, highlighted the broader digital transformation underway in the country. He pointed out that, as per the State Bank of Pakistan, digital payment transactions surpassed the two billion mark in the last quarter, accounting for 89 percent of total retail payments. Despite this momentum, a significant portion of B2B payments continues to rely on outdated, cash-heavy methods. He emphasized that the partnership with Kuickpay is designed to fill this gap by helping businesses digitize their vendor payments, unlock working capital, and thrive in an increasingly digital economy.
This initiative reflects a growing demand for fintech solutions that support the digital evolution of Pakistan’s financial infrastructure. As the business environment becomes more complex and competitive, scalable digital solutions like Kuickpay’s BPSP platform are set to play a crucial role in enabling financial efficiency, operational agility, and long-term SME development.
