PayFast and Soneri Bank Collaborate for Seamless Digital Payments in Pakistan

In a significant move within the online payment landscape, PayFast, a leading digital payment solutions provider, proudly announces its latest collaboration with Soneri Bank, further establishing its position as a pioneer in the digital payment ecosystem.

Soneri Bank, now the 13th bank integrated into PayFast’s payment gateway, will serve as an acquirer, fostering a positive step for both entities. Through this partnership, Soneri Bank customers gain seamless access to online transactions with over 3,000 PayFast merchants, all from their bank accounts. This strategic alliance enhances PayFast’s commitment to providing Pakistani businesses with an extended array of payment options, catering to millions of shoppers nationwide.

Adnan Ali, CEO at PayFast, expressed, “At PayFast, we help businesses grow by offering a totally seamless transaction experience. Soneri Bank’s extensive reach helps make this possible. Customers will now enjoy added convenience and more choices for payments, leading to speedy, hassle-free transactions.”

Soneri Bank, renowned for its commitment to technological advancement, views this collaboration as a strategic move to enrich its digital payment ecosystem. Syed Amir Raza, Chief Digital & Innovation Officer at Soneri Bank, commented, “In an era where digital transformation is pivotal, our alliance with PayFast underscores our commitment to offer customers advanced, secure, and user-friendly digital payment solutions.”

Aligned with a shared vision of fostering financial inclusivity through innovation, PayFast and Soneri Bank anticipate pushing boundaries and redefining the landscape of digital payments.

The agreement was officially signed at the PayFast head office at NASTP, Karachi, in the presence of Mr. Syed Amir Raza, Chief Digital & Innovation Officer at Soneri Bank, Mr. Adan Ali, CEO of PayFast, and their respective team members.

About PayFast:

PayFast is a leading online payment gateway committed to revolutionizing digital transactions in Pakistan. It offers businesses a unified payment service, facilitating multiple payment method acceptance from cards, mobile wallets, and bank accounts. With a dedication to speed, security, and reliability, PayFast empowers businesses to seamlessly accept payments from local and international customers, maximizing revenue by ensuring a frictionless transaction experience. To learn more: www.gopayfast.com 

About Soneri Bank:

Soneri Bank Limited is a leading full-service commercial bank established on September 28th, 1991, to provide innovative financial solutions and quality customer service. With 440+ branches and ATMs across Pakistan, including 41 Islamic Banking branches, Soneri Bank envisions a prosperous Pakistan. To learn more: https://soneribank.com 

Hot this week

SBP Holds Policy Rate Unchanged at 11 Point 5 Percent Amid Economic Recovery and Geopolitical Risks

State Bank of Pakistan maintains the policy rate at 11 point 5 percent as the Monetary Policy Committee balances moderating inflation, improving FX reserves, and Middle East conflict risks.

Benazir Income Support Programme Accelerates Digital Wallet Adoption and Financial Disbursal Across Sargodha

Over 195,000 registered women beneficiaries in Sargodha receive financial assistance under BISP as the regional digital wallet SIM distribution reaches near completion.

PPCBL Partners with Paysys Labs to Deploy Mobile Banking App and RTGS Systems

Punjab Provincial Cooperative Bank Limited signs a strategic contract with Paysys Labs to implement a mobile banking application and RTGS payment infrastructure.

Khyber Pakhtunkhwa Imposes 5 Percent Sales Tax on Cryptocurrency and Digital Asset Intermediaries in Finance Act 2026

Khyber Pakhtunkhwa introduces a five percent sales tax on cryptocurrency exchanges, wallet providers, and virtual asset intermediaries under the Finance Act 2026 to expand provincial revenue streams.

NIBAF Pakistan Accelerates Modernization with AI and Automation Focus in Internal Audit Certification

The National Institute of Banking and Finance hosts an Internal Audit Certification Program in Karachi, featuring industry experts on AI, automation, and digital banking governance.

Topics

SBP Holds Policy Rate Unchanged at 11 Point 5 Percent Amid Economic Recovery and Geopolitical Risks

State Bank of Pakistan maintains the policy rate at 11 point 5 percent as the Monetary Policy Committee balances moderating inflation, improving FX reserves, and Middle East conflict risks.

Benazir Income Support Programme Accelerates Digital Wallet Adoption and Financial Disbursal Across Sargodha

Over 195,000 registered women beneficiaries in Sargodha receive financial assistance under BISP as the regional digital wallet SIM distribution reaches near completion.

PPCBL Partners with Paysys Labs to Deploy Mobile Banking App and RTGS Systems

Punjab Provincial Cooperative Bank Limited signs a strategic contract with Paysys Labs to implement a mobile banking application and RTGS payment infrastructure.

Khyber Pakhtunkhwa Imposes 5 Percent Sales Tax on Cryptocurrency and Digital Asset Intermediaries in Finance Act 2026

Khyber Pakhtunkhwa introduces a five percent sales tax on cryptocurrency exchanges, wallet providers, and virtual asset intermediaries under the Finance Act 2026 to expand provincial revenue streams.

NIBAF Pakistan Accelerates Modernization with AI and Automation Focus in Internal Audit Certification

The National Institute of Banking and Finance hosts an Internal Audit Certification Program in Karachi, featuring industry experts on AI, automation, and digital banking governance.

NRB Bank PLC Partners with UCB Fintech Upay to Expand Digital Financial Services and Micro Savings

NRB Bank PLC signs a strategic partnership with UCB Fintech Company Limited Upay to facilitate seamless fund transfers, remittance distribution, and micro savings.

Pakistan International Container Terminal Limited Expands Operations into Integrated Logistics and Last Mile Delivery Services

Pakistan International Container Terminal Limited enters the logistics services sector to offer end to end container transport, terminal cargo handling, and last-mile delivery solutions.

Tasdeeq Information Services Limited Prepares Initial Public Offering to Expand Credit Information Network in Pakistan

Tasdeeq Information Services Limited prepares for its initial public offering to raise PKR 285 million by issuing 150 million ordinary shares on the Pakistan Stock Exchange.
spot_img

Related Articles

Popular Categories