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

Raqami Islamic Digital Bank Secures High Credit Ratings as Commercial Operations Expand

Raqami Islamic Digital Bank Limited achieves AA/A1 ratings from VIS Credit Rating Company signaling strong stability for Pakistans first Shariah compliant digital retail bank.

Wateen and Alfalah Insurance Launch Next Gen AI Powered Digital Platform

Wateen Telecom and Alfalah Insurance partner to develop an advanced AI driven digital insurance platform aimed at revolutionizing Pakistans insurance sector through automation.

Verge Systems and World Bank Launch Digital Transformation for Sindh Agriculture Market Information System

Verge Systems signs a landmark contract under the SWAT Project to digitize 27 wholesale markets across Sindh with real-time agricultural intelligence.

Meezan Bank and Visa Expand Strategic Partnership for Digital Payments Innovation in Pakistan

Meezan Bank and Visa meet in Karachi to accelerate digital transformation through Shariah-compliant payment solutions and enhanced cybersecurity initiatives.

Meezan Bank Deploy AddCore R22 Platform for Cash Management Payments and Collections

Meezan Bank implement AddCore R22 platform with CRPL for cash management payments and collections, becoming the first bank in the industry to deploy the R22 version for corporate payment operations.

Topics

Raqami Islamic Digital Bank Secures High Credit Ratings as Commercial Operations Expand

Raqami Islamic Digital Bank Limited achieves AA/A1 ratings from VIS Credit Rating Company signaling strong stability for Pakistans first Shariah compliant digital retail bank.

Wateen and Alfalah Insurance Launch Next Gen AI Powered Digital Platform

Wateen Telecom and Alfalah Insurance partner to develop an advanced AI driven digital insurance platform aimed at revolutionizing Pakistans insurance sector through automation.

Verge Systems and World Bank Launch Digital Transformation for Sindh Agriculture Market Information System

Verge Systems signs a landmark contract under the SWAT Project to digitize 27 wholesale markets across Sindh with real-time agricultural intelligence.

Meezan Bank and Visa Expand Strategic Partnership for Digital Payments Innovation in Pakistan

Meezan Bank and Visa meet in Karachi to accelerate digital transformation through Shariah-compliant payment solutions and enhanced cybersecurity initiatives.

Meezan Bank Deploy AddCore R22 Platform for Cash Management Payments and Collections

Meezan Bank implement AddCore R22 platform with CRPL for cash management payments and collections, becoming the first bank in the industry to deploy the R22 version for corporate payment operations.

Pakistan Introduce Virtual Assets Act 2026 to Regulate Crypto and Digital Asset Platforms

Pakistan introduce the Virtual Assets Act 2026, granting legal authority to PVARA to license and regulate crypto exchanges and digital asset platforms while strengthening oversight of the country’s digital asset market.

SadaPay Appoints Imran Khan as Chairman to Drive Digital Banking Innovation in Pakistan

Imran Khan joins SadaPay as Chairman of the Board, bringing extensive experience in cloud, fintech, and digital infrastructure to advance Pakistan's Sada Money platform.

Pakistan Approves Virtual Assets Bill 2026 to Regulate Digital Currencies and Services

Pakistan’s National Assembly approves the Virtual Assets Bill 2026, establishing a regulatory authority to oversee digital currencies, virtual asset services, and compliance with international financial standards.
spot_img

Related Articles

Popular Categories

spot_imgspot_img