Meezan Bank enters into a Strategic Collaboration with PaySa to expand Point of Sale Payment Services

March 30th, 2023

Meezan Bank, Pakistan’s leading Islamic bank and PaySa, a fintech startup specializing in digital payments, have partnered to enable Point of Sale (POS) payment services to tap into the country’s booming digital payment ecosystem. According to this agreement, PaySa will deploy POS terminals and grow the Bank’s merchant and retailer network as an independent sales organization.

In combination with PaySa’s next generation business solutions, the Bank will empower the country’s commerce by not only simplifying payments for merchants but also enabling real-time transactions.

Mr. Shariq Mubeen – Chief Digital Officer, Meezan Bank said, “Fintechs have immense potential in growing the digital acceptance especially with small merchants in Pakistan and Meezan Bank is delighted to collaborate with PaySa in this space. We are confident that this alliance will help us in accelerating the deployment of POS network while also delivering excellent services to all our customers Insha’Allah.”

Mr. Ali Adnan, CFA – CEO & Co-Founder, PaySa said “The strategic partnership between Meezan Bank and PaySa is expected to create synergies that will benefit the whole financial ecosystem of Pakistan. By combining their respective strengths, Meezan Bank and PaySa can offer innovative and seamless digital payment solutions that are fully compliant with Islamic banking principles, expand the digital payment ecosystem in Pakistan, reduce the reliance on cash transactions, and promote financial inclusion in the country.”

About PaySa; a fintech startup specializing in digital payments, was conceived with a mission to streamline the payment process for businesses and consumers, making it easier, faster, and more secure for everyone involved. PaySa’s platform offers a wide range of payment options, including debit and credit card processing, utility bill payments, mobile top-up and many other exciting features. The state-of-the-art hardware and software to be deployed by PaySa ensures that transactions are safe and secure. PaySa’s launch comes at a time when the fintech industry is rapidly growing and evolving, with increasing demand for innovative payment solutions, and marks an exciting milestone in the evolution of the payments landscape.

MBL partnership PaySa

Mr. Shariq Mubeen – Chief Digital Officer, Meezan Bank and Mr. Ali Adnan, CFA – CEO & Co-Founder, PaySa at the signing ceremony, along with their respective teams.