In a groundbreaking partnership, Vizpro and CreditBook are set to revolutionize the grocery retail sector in Pakistan by unleashing its untapped potential. Combining their expertise in digital payments and shariah-compliant financing, the collaboration aims to provide much-needed financial support to an underserved segment of the business community.
Vizpro, renowned for its success in digital collections and payments through its innovative app, Vizlink, has established a robust foundation in the fintech landscape. Building on this success, Vizpro is now leveraging Vizlink to venture into merchant financing, addressing the growing challenges faced by retailers in an era marked by inflation and declining purchasing power.
CreditBook, a licensed Non-Banking Financial Company (NBFC) and a prominent player in B2B financing, has joined forces with Vizpro to introduce shariah-compliant financing solutions tailored for the FMCG retail sector. This strategic collaboration is poised to empower grocery store owners by providing them with easy access to finance, enabling them to grow their businesses sustainably.
Speaking about the partnership, a Vizpro spokesperson highlighted their commitment to driving financial inclusion:
“This merchant finance facility, powered by CreditBook, will not only help businesses expand but also enhance their profitability, ensuring long-term sustainability and prosperity for the retail sector.”
This collaboration reflects Vizpro’s proactive approach in addressing the pressing needs of Pakistan’s grocery retail market. By integrating cutting-edge financial technology and ethical financing products, the partnership aspires to create a thriving ecosystem that supports small businesses and boosts economic resilience.
With this initiative, Vizpro and CreditBook reaffirm their shared vision of fostering growth and financial empowerment in Pakistan’s retail sector.
