Faysal Bank and Tapsys Partner to Transform Digital Acceptance Solutions for SMEs in Pakistan
Karachi – September 24, 2025: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has entered into a strategic partnership with Tapsys Private Limited (Tapsys), a pioneering technology solutions provider, to introduce advanced digital acceptance solutions for Small and Medium-sized Enterprises (SMEs) across the country.
The collaboration aims to deliver a comprehensive suite of Shariah-compliant digital payment services designed to meet global standards. This includes the nationwide deployment of Point-of-Sale (POS) systems and the accelerated adoption of Raast Merchant QR-based payments, ensuring that SMEs can seamlessly accept a wide range of modern payment methods.
Speaking at the signing ceremony, Syed Amin ur Rahman, Chief Digital Officer, Faysal Bank, emphasized the bank’s focus on creating a digitally inclusive ecosystem:
“This alliance with Tapsys is reflective of our organizational ethos of creating a digitally empowered Shariah-compliant ecosystem for merchants and customers alike. The aim of this partnership is to make cashless payments more convenient, aligning with SBP’s financial inclusion and cashless economy goals.”
Adding to this, Karim Jindani, Chief Executive Officer of Tapsys, highlighted the alignment of vision between the two organizations:
“We are delighted to collaborate with Faysal Bank to drive innovation in the digital payment space. Tapsys’ focus on secure and scalable technology aligns perfectly with FBL’s commitment towards delivering state-of-the-art digital financial services. Together, we aim to reshape how businesses and consumers experience digital payments.”
The partnership arrives at a crucial time as Pakistan accelerates its transition towards a cashless economy, driven by initiatives like Raast, the State Bank of Pakistan’s instant payment system. For SMEs, which form the backbone of the national economy, the availability of secure, reliable, and Shariah-compliant digital solutions is expected to lower barriers to financial inclusion and increase efficiency.
By combining Faysal Bank’s trusted Islamic banking framework with Tapsys’ innovative fintech solutions, the collaboration is set to empower SMEs with greater flexibility in payment acceptance, while also strengthening consumer confidence in digital transactions.
This initiative not only supports SME digitization but also plays a vital role in fostering economic documentation, transparency, and inclusive financial growth in line with the country’s broader digital transformation agenda.
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