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Bank Alfalah and Dastgyr entered into a strategic partnership to digitize transaction streams via BAFL Digital channels

KARACHI: Bank Alfalah and Dastgyr Technologies have entered into a strategic partnership to facilitate SMEs, merchants and their allied supply chains, helping them digitize their operations and avail banking services.  Dastgyr is working to create efficiencies within the SME space through their digital technology solutions covering supply chain management, ordering and logistics.  Simultaneously, Bank Alfalah with its focus on payment solutions and digital assets is creating solutions for Dastagyr customers that will allow them to avail banking and payment services as well as financing in a seamless manner.

Also read: Bank Alfalah Introduces Buy Now, Pay Later Facility Through QR Codes

On this occasion, Atif Bajwa, President and CEO of Bank Alfalah said, “At Bank Alfalah, we are continuously striving to facilitate the growth of a digitized ecosystem within the banking and finance sectors. Our focus on creating robust infrastructures, not just for our customers but for other entities as well will Insha’Allah allow us to leave a lasting impact on the economy holistically.”

Also read: Bank Alfalah Islamic and Grand City sign a Memorandum of Understanding to Promote Housing Finance in Pakistan

Muhammad Owais Qureshi, Founder of Dastgyr Technologies commented, “This is a landmark partnership for Dastgyr that enables us to provide deeper customer facilitation and takes us further on our mission of financial inclusion for SME retailers in Pakistan. With the strength of BAFL’s digital payments and lending arm, we will incentivize online transactions and expand our “Buy Now Pay Later” credit facility, improving access to external working capital for kiryana shop owners. We’re pioneering what will eventually become new standard operating procedures for cross-industry collaborations between banking & e-commerce.”

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