Premier Systems’ Subsidiary Premier Code Signs Technology Transfer Deal with Fujian Centerm to Boost Pakistan’s Digital Payments

Premier Systems has announced a significant milestone for Pakistan’s fintech and digital economy through its subsidiary, Premier Code Pvt. Ltd., which has signed a Joint Technology Transfer and Development Agreement with Fujian Centerm Information Co. Ltd., a globally recognized leader in payment solutions. The agreement was formalized at the B2B Investment Forum in Beijing, underscoring Pakistan’s growing participation in the international fintech landscape.

This strategic partnership represents a groundbreaking step toward the local production of Point of Sale (POS) machines in Pakistan — a development that will not only enhance the country’s payment infrastructure but also drive innovation and self-reliance within the digital economy. The collaboration aims to establish a foundation for secure, end-to-end digital payment solutions developed and assembled domestically.

Fujian Centerm, known for its global expertise in secure payment systems and digital terminals, brings advanced technological know-how to the partnership. By transferring technology and development capabilities to Premier Code, the company will help localize production processes, strengthen hardware security standards, and enable Pakistan to compete in global markets.

For Pakistan, this initiative marks a turning point in its pursuit of technological independence within the financial sector. Locally manufactured POS machines will not only reduce reliance on imports but also create new economic opportunities through job creation, skill development, and export potential. The move aligns closely with national priorities to promote local manufacturing under the “Made in Pakistan” vision and build a resilient digital ecosystem that can serve the needs of banks, merchants, and consumers alike.

Premier Systems, a long-standing player in the country’s technology and enterprise solutions space, views this partnership as a step toward redefining Pakistan’s role in the global fintech supply chain. Through its subsidiary, Premier Code, the company plans to integrate international expertise with domestic innovation to produce world-class digital payment devices tailored to local market needs.

Speaking at the signing, representatives from both organizations emphasized the importance of collaborative innovation in advancing financial inclusion and digital transformation. By combining Centerm’s advanced payment technologies with Premier Code’s deep understanding of local markets, the partnership aims to deliver secure, scalable, and high-performance payment solutions.

This development positions Pakistan as an emerging center for fintech hardware manufacturing and digital payments innovation in the region. As the country continues to embrace financial technology as a key driver of economic growth, initiatives like this will play a vital role in building local capacity and fostering cross-border collaboration.

Premier Systems’ partnership with Fujian Centerm demonstrates a shared commitment to driving Pakistan’s digital transformation agenda and strengthening its fintech ecosystem — paving the way for a future where innovation and technology are made in Pakistan for the world.

Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.

Source

Hot this week

Pakistan Future Of Retail Summit 2026 To Bring Industry Leaders Together In Lahore

Pakistan Future of Retail Summit 2026 will feature retail leaders, fintech executives and industry experts discussing digital payments, retail regulations, manufacturing collaboration and the future of organised retail.

FAST-NUCES Opens Enrolments For Certified Fintech Practitioner Program Cohort 2 In Karachi

FAST-NUCES Karachi opens enrolments for Cohort 2 of its Certified Fintech Practitioner Program, offering professional training in fintech, digital banking and finance from December 2026.

Binance Plans To Restore All Crypto Withdrawals After $6.3 Billion Security Breach

Binance aims to restore withdrawals across all remaining networks and assets by next week after a $6.3 billion cryptocurrency theft linked to North Korean hackers.

Islamabad to Become Pakistan’s First Cashless City by December 31, 2026 

Pakistan plans to transform Islamabad into its first fully cashless city by December 31, with digital payments becoming mandatory across government departments and businesses.

Pakistan Launches Virtual Assets Alliance to Promote Crypto Investor Protection and Market Transparency 

The Virtual Assets Alliance of Pakistan (VAAP) has been formally established to promote investor protection, cybersecurity awareness and transparency in the country's cryptocurrency market. The alliance plans to improve industry data collection, support independent research and encourage cooperation between crypto businesses and local institutions.

Topics

Pakistan Future Of Retail Summit 2026 To Bring Industry Leaders Together In Lahore

Pakistan Future of Retail Summit 2026 will feature retail leaders, fintech executives and industry experts discussing digital payments, retail regulations, manufacturing collaboration and the future of organised retail.

FAST-NUCES Opens Enrolments For Certified Fintech Practitioner Program Cohort 2 In Karachi

FAST-NUCES Karachi opens enrolments for Cohort 2 of its Certified Fintech Practitioner Program, offering professional training in fintech, digital banking and finance from December 2026.

Binance Plans To Restore All Crypto Withdrawals After $6.3 Billion Security Breach

Binance aims to restore withdrawals across all remaining networks and assets by next week after a $6.3 billion cryptocurrency theft linked to North Korean hackers.

Islamabad to Become Pakistan’s First Cashless City by December 31, 2026 

Pakistan plans to transform Islamabad into its first fully cashless city by December 31, with digital payments becoming mandatory across government departments and businesses.

Pakistan Launches Virtual Assets Alliance to Promote Crypto Investor Protection and Market Transparency 

The Virtual Assets Alliance of Pakistan (VAAP) has been formally established to promote investor protection, cybersecurity awareness and transparency in the country's cryptocurrency market. The alliance plans to improve industry data collection, support independent research and encourage cooperation between crypto businesses and local institutions.

Faysal Bank and SBP BSC Promote Accessible Digital Banking for Persons with Disabilities 

Faysal Bank Limited and the State Bank of Pakistan Banking Services Corporation organised a financial literacy awareness session for persons with disabilities in Gujranwala. The initiative included digital banking demonstrations, on-the-spot account opening, free digital healthcare services through Oladoc and basic medical check-ups.

Upwork Freelancers Can Now Withdraw Earnings Directly to NayaPay Wallets in Pakistan

NayaPay has introduced a direct withdrawal option for Upwork freelancers, allowing users to transfer their platform earnings straight into their NayaPay wallets. The integration provides a new digital payment route for Pakistani freelancers to access their international earnings.

PSW and Alibaba.com Launch Digital Trade Data Confirmation Service for Pakistani Exporters 

Pakistan Single Window (PSW) and Alibaba.com have signed an agreement to introduce a digital Trade Data Confirmation Service aimed at strengthening trust in international e-commerce and supporting Pakistani exporters. The initiative will use API-based integration to independently confirm export declarations without transferring underlying trade data.
spot_img

Related Articles

Popular Categories