JazzCash launches Buy Now, Pay Later (BNPL) Service as a Credit Card Alternative – Fintech News Pakistan

Islamabad: JazzCash, Pakistan’s leading fintech platform, has launched a Buy Now, Pay Later (BNPL) service, offering a convenient alternative to traditional credit cards. The service is initially available for retail purchases at Telemart, an electronics shopping platform, and the fashion brand EGO. It will soon expand to include leading brands such as MBasics, Alkaram, Dune…

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Telemart and Alif Innovations Launch Pakistan First Debit and Credit Card Instalment Plan

Telemart and Alif Innovations Launch Pakistan First Debit and Credit Card Instalment Plan for Smartphones

Pakistan – Telemart, one of Pakistan’s leading e-commerce platforms, has partnered with Alif Innovations to introduce the country’s first debit and credit card instalment plan for smartphones, addressing the growing challenge of smartphone affordability amid rising inflation. This innovative collaboration will enable millions of debit and credit card holders across Pakistan to purchase smartphones worth…

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Qist Bazaar Secure US$3.2 Million Series A from Indus Valley Capital and Gobi Partners

Qist Bazaar Secure US$3.2 Million Series A from Indus Valley Capital and Gobi Partners to Revolutionize BNPL in Pakistan

Karachi, Pakistan – September 24, 2024 – Qist Bazaar, Pakistan’s leading Buy Now Pay Later (BNPL) fintech platform, has successfully raised $3.2 million in its Series A funding round, led by Indus Valley Capital. The round also saw participation from Gobi Partners, a prominent Asia-focused venture capital firm managing assets worth $1.6 billion. Bank Alfalah, one…

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Announces Strategic Partnership with COLABS

KalPay Announces Strategic Partnership with COLABS to Extend Buy Now, Pay Later Services

KalPay, a pioneering Buy Now, Pay Later (BNPL) platform, is excited to announce a new partnership with COLABS, one of Pakistan’s premier coworking spaces. This collaboration aims to bring KalPay’s innovative financial solutions to COLABS employees, members, and their extensive network, providing them with flexible and convenient payment options. Through this strategic alliance, the COLABS…

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Zindigi by JS Bank & 5th Pillar Family Takaful Signed MoU

Zindigi by JS Bank & 5th Pillar Family Takaful Signed MoU to Facilitate Customers for Hajj and Umrah on Easy Installments

Zindigi and 5th Pillar Family Takaful Partner to Simplify Hajj and Umrah Pilgrimages In a groundbreaking move to facilitate Hajj and Umrah pilgrimages, Zindigi, the digital banking initiative of JS Bank, has partnered with 5th Pillar Family Takaful Limited, a leading provider of Takaful products and services. This collaboration aims to make these sacred journeys…

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KalPay Closes Its Early-Stage Round

KalPay Closes Its Early-Stage Round As It Gets Profitable

KalPay, the leading Shariah-aligned Buy Now Pay Later (BNPL) fintech service provider in Pakistan, announced today the successful closure of an undisclosed early-stage investment round. The milestone comes as KalPay reaches profitability, solidifying its position as a pioneer in the consumer lending industry within Pakistan. The early-stage funding was led by Orbit Startups and saw…

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