Faysal Bank & SimpliFi Pakistan partner to offer Innovative Digital Financial Services

Dubai, UAE - August 16, 2022

Fintech Express Program from Faysal Bank is focused on identifying and fostering Fintechs and Startups with promising, high-potential innovative technologies from Mastercard that accelerate and facilitate the entire digital payment journey for Fintechs. Through this collaboration, Faysal Bank and SimpliFi will be able to move ahead in the mission of expanding financial inclusion by enabling digital payments for the unbanked and underbanked SME sectors in Pakistan.

Faysal Bank has been at the forefront of digital financial services in Pakistan, and SimpliFi has been enabling digital payments for businesses across MENA. This association between two industry leaders highlights the joint vision of both parties to introduce market-leading products to support businesses and contribute towards the digital payments vision set forth by the State Bank of Pakistan.

Speaking at the signing ceremony, Mr. Shaheryar Saeed Khan, Chief Digital Officer, FBL said, “Faysal Bank is eager to create partnerships and support EMI's and Fintechs in Pakistan. This agreement with SimpliFi Pakistan shows our commitment to offer innovative, digital solutions to facilitate development and expansion of the digital ecosystem in Pakistan.”

“SimpliFi has been rapidly expanding its model across the MENA region and we are excited to enter Pakistan to enable the burgeoning digital payments ecosystem in the country,” said Ali Sattar, Founder, and CEO of SimpliFi. “We are confident that our partnership with Faysal Bank will empower local and international businesses in Pakistan to offer market-leading solutions that drive efficiency in payments.”

The signing ceremony held at Faysal Bank Head Office Karachi was also attended by Fahad Mirza, Head of Digital Products & Channels from Faysal Bank, and Tafseer ul Islam Siddiqui, Head of Engineering from SimpliFi.

About SimpliFi

SimpliFi, a leading payment enabler in MENA and Pakistan, offers businesses a one-stop solution to drive digital payments thereby helping them streamline operations, generate new revenue streams, and increase loyalty. We provide a full-stack solution consisting of APIs, SDKs, a client portal, a white-label app, and end-to-end program management capabilities.

About Faysal Bank

Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a Public Limited Company under the Companies Ordinance, 1984. The Bank's shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate, and Islamic banking activities. Faysal Bank's footprint now spreads over more than 220+ cities. As of July 2022, the bank has a network of 638 branches of which 633 are Islamic banking branches.

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