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

Finance Minister Muhammad Aurangzeb Reviews SECP Regulatory Reforms to Boost Capital Markets

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visits the SECP to review strategic market reforms and digital transformation initiatives.

SECP and FBR Conduct Joint Awareness Webinar on Converting AOPs Into Corporate Entities

The Securities and Exchange Commission of Pakistan and Federal Board of Revenue hold a collaborative webinar to guide businesses on corporatization.

Abhi Microfinance Bank Partners With Utopia Industries to Introduce Earned Wage Access

Abhi Microfinance Bank collaborates with Utopia Industries to provide employees with financial flexibility through the Earned Wage Access digital platform.

Financial Consortium Secures Milestone PKR 4.76 Billion Financing Facility for Tech Manufacturing Expansion

The Bank of Punjab and InfraZamin Pakistan lead a banking consortium to close a major 10-year Islamic syndicated facility for Air Link and Select Technologies.

Bank Negara Malaysia Mandates Shift to Single Interoperable QR Payment Standard by 2028

Bank Negara Malaysia issues the Interoperable Fund Transfer Framework to phase out proprietary QR networks and consolidate digital payments on PayNet DuitNow infrastructure.

Topics

Finance Minister Muhammad Aurangzeb Reviews SECP Regulatory Reforms to Boost Capital Markets

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visits the SECP to review strategic market reforms and digital transformation initiatives.

SECP and FBR Conduct Joint Awareness Webinar on Converting AOPs Into Corporate Entities

The Securities and Exchange Commission of Pakistan and Federal Board of Revenue hold a collaborative webinar to guide businesses on corporatization.

Abhi Microfinance Bank Partners With Utopia Industries to Introduce Earned Wage Access

Abhi Microfinance Bank collaborates with Utopia Industries to provide employees with financial flexibility through the Earned Wage Access digital platform.

Financial Consortium Secures Milestone PKR 4.76 Billion Financing Facility for Tech Manufacturing Expansion

The Bank of Punjab and InfraZamin Pakistan lead a banking consortium to close a major 10-year Islamic syndicated facility for Air Link and Select Technologies.

Bank Negara Malaysia Mandates Shift to Single Interoperable QR Payment Standard by 2028

Bank Negara Malaysia issues the Interoperable Fund Transfer Framework to phase out proprietary QR networks and consolidate digital payments on PayNet DuitNow infrastructure.

Bitcoin Halts Five Day Rally as Profit Taking Pulls Valuation to Sixty Two Thousand Mark

The leading digital currency pauses its recent winning streak due to short term investor selloffs despite posting positive metrics over weekly and monthly periods.

Mobilink Bank Secures Three Top Honors at FinanceAsia Awards Dominating Digital Banking Category

The top microfinance institution lands regional acclaim for financial inclusion and technological innovation amid highly resilient localized asset and loan growth.

Punjab Revenue Authority Hikes Sales Tax on Restaurants and Service Sectors to Eight Percent

The provincial revenue body revises the sales tax rate upward from five percent for card payments at food outlets, marriage halls, and multiple other services.
spot_img

Related Articles

Popular Categories