Headline: Mashreq Pakistan Partners with Paysys Labs to Introduce Innovative Digital Payment Solutions
Subheadline: Collaboration Aims to Revolutionize Payment Landscape in Pakistan
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In a strategic move aimed at transforming Pakistan’s payment ecosystem, Mashreq Pakistan has announced its partnership with Paysys Labs, a leading payment technology provider. The collaboration is set to introduce cutting-edge digital payment solutions, enhancing convenience, reliability, and speed for customers across the nation.
The initiative will focus on developing an innovative payment solution integrating instant payment systems such as RAAST and RTGS. This integration promises to revolutionize the payment experience, offering unparalleled efficiency and convenience.
Muhammad Hamayun Sajjad, Chief Executive Officer of Mashreq Pakistan, underscored the significance of the partnership, emphasizing the institution’s commitment to supporting Pakistan’s growth through banking innovation. Sajjad stated, “At Mashreq Pakistan, we are dedicated to empowering the people of Pakistan by offering banking solutions tailored to the digital age. This partnership with Paysys Labs marks a significant milestone in our journey towards delivering comprehensive banking solutions that resonate with today’s digital-first world.”
The collaboration with Paysys Labs, a prominent player in Pakistan’s fintech landscape, is expected to set new standards for payment convenience, speed, and reliability. Leveraging Paysys’ unified payments platform, Mashreq Pakistan aims to provide customers with a next-generation payment experience.
Mashreq Pakistan is actively pursuing a restricted license from the State Bank of Pakistan to commence pilot digital retail banking operations in the country. This step underscores the institution’s commitment to driving financial accessibility and innovation in Pakistan.
As the partnership between Mashreq Pakistan and Paysys Labs unfolds, anticipation grows for the transformative impact it will have on Pakistan’s banking and payment landscape. With a focus on innovation and customer-centricity, the collaboration aims to reshape the future of digital payments in the nation.
