Islamabad, Pakistan, 10 July 2024 – Raqami Islamic Digital Bank Pakistan, a visionary digital financial institution, and Paysys Labs Pvt Ltd, a leading payment technology provider, today announced a strategic partnership to transform Pakistan’s digital payments landscape.
The collaboration aims to develop an innovative digital payment solution integrating real-time payment systems such as RAAST. Paysys Labs, renowned for its expertise in developing innovative payments technologies, will play a pivotal role in assisting Raqami in enhancing its digital payment offerings and ensuring that its customers enjoy seamless, secure access to an expanded universe of digital banking functionalities and services.
Umair Aijaz, Chief Executive Officer, Raqami Islamic Digital Bank Pakistan, highlighted the significance of this partnership, stating, ” At Raqami Digital Bank, our mission is to drive Pakistan’s progress by providing innovative banking solutions that empower its people. We aim to deliver an exceptional customer experience and ensure financial access for all. This partnership with Paysys is a pivotal moment in our journey to introduce a comprehensive banking solution designed for the digital era. With Paysys’s expertise in Pakistan’s fintech landscape, we are excited to bring a next-generation payment experience that promises unparalleled convenience, speed, and reliability.
Mr. Javaid Sher Ali, Head of Information Technology/Engineering, Raqami Islamic Digital Bank Pakistan, stated, “Our Partnership with Paysys Labs marks a significant milestone in our mission to revolutionize digital payments in Pakistan. Leveraging Paysys Labs’ expertise in innovative payment technologies, we are poised to deliver a seamless and transformative digital payment experience that adheres to Islamic financial principles. With the vision for enhanced financial inclusion and easy access, this collaboration will enable state-of-the-art payment solutions for a more connected and financially empowered Pakistan, bridging the gap between traditional banking and the digital future.”
Karim Jindani, Chief Executive Officer, Paysys Labs, expressed his enthusiasm about the collaboration, stating, “This partnership reflects Paysys Labs’ commitment to innovation and excellence in the fintech sector. We are excited to work with Raqami to enhance digital payment solutions in Pakistan, ultimately creating a more inclusive and efficient payment ecosystem.”
This innovative partnership aims to enhance digital payment solutions for customers across Pakistan. Raqami’s customers will enjoy an end-to-end digital onboarding and experience real-time instant payments backed by Paysys’ unified payments platform.
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About Raqami Islamic Digital Bank Pakistan
Raqami Islamic Digital Bank Pakistan is a visionary financial institution dedicated to redefining banking in the digital era. Raqami aims to empower its customers through innovative digital solutions, superior customer experience, and financial accessibility. The bank’s mission is to deliver banking services that resonate with the digital-first generation, ensuring convenience, speed, and reliability in every transaction. Raqami is committed to providing tailored, efficient Shariah-compliant financial services, guided by a robust Shariah Board.
About Paysys Labs
Paysys Labs Pvt Ltd is a leading payment technology provider based out of Pakistan. The company offers a wide range of payment solutions. Paysys Labs is committed to providing its customers with innovative and secure payment solutions.
For more information, visit https://www.paysyslabs.com/
