Karachi, January 25, 2024 – Faysal Bank Limited, a leading Islamic financial institution known
for its commitment to technological innovation with Sharia compliance, announced a
strategic collaboration with OPay, a global fintech giant with a proven track record in
providing cutting-edge digital payment solutions.
The collaboration aims to empower the entire spectrum of small, medium, and large
enterprises to accept digital payments. It will further the State Bank of Pakistan’s agenda for
financial inclusion and the promotion of cashless payments in the country. This alliance aims
to drive the digital transformation of merchant services, offering a seamless and efficient
experience for businesses and consumers alike.
The primary focus of this partnership is to broaden the scope of digital merchant acceptance
within the Islamic finance ambit, enabling businesses to adopt modern and secure payment
methods, while benefitting from the sharia complaint services of FBL.
Commending this initiative, Yousaf Hussain, President and CEO, Faysal Bank, said, “We are
delighted to partner with OPay in this transformative collaboration. By combining Faysal
Bank’s Sharia-compliant financial expertise with OPay’s technological expertise, we aim to
redefine the landscape of digital merchant services and contribute to the growth of the
fintech ecosystem in Pakistan.”
Complementing the collaborative efforts of Faysal Bank, Ali Kazmi, President, OPay Pakistan
Ltd. said, “This strategic collaboration with Faysal Bank is a testament to the power of
partnerships in fostering innovation. Together, we are committed to providing businesses
with cutting-edge solutions that simplify transactions and enhance the overall digital
payment experience for the customers.”
Both Faysal Bank and OPay will continue to partner for ongoing research and development
initiatives to stay at the forefront of fintech innovation and deliver market-leading solutions.
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