Karachi: Bank Alfalah ne venture capital ecosystem mein ek ehem entry ki hai kyun ke is ne QistBazaar mein PKR 140 million equity ke 7.2% equity shares acquire ke Liye ek agreement sign kiya hai. Tezi se taraqi Karne wale, securities and exchange commission of Pakistan (SECP) kay buy now pay later license (BNPL) non-bank financial company platform kay sath.
Ye acquisition mulk ke Fintech landscape mein ek breakthrough mark hai, kyun kay ye Pehli baar hai ke kisi Commercial Bank ne Fintech mein equity shares liye hain. Is collaboration ke Sath, Bank ka maqsad Pakistan mein BNPL ke manzar namay ko change Karna or commercial banks or Fintech ke darmiyan mazeed tawun ki raah humwar Karna hai.
Bank Alfalah, QistBazaar platform ke ander digital financing products ko shamil karega takay BNPL par consumer durable financing ki peshkush ki jaskay. Ye in consumers ko target banaega jinki formal credit limit ya access ni hai expected hai ke partnership consumers experience ko barha kar, financing inclusion ko improve kar ke or innovation solutions provide kare ga.
Signing ceremony mein BAFL ki Senior Leadership, Atif Bajwa President and CEO, Aasim Wajid Jawad Group Head of Strategy, Transformation, Customer Experience and venture capital investment and Yahya Khan, group head of digital Banking shaamil thay.
QistBazaar se Co-Founder Arif Lakhani or Karim Gilani or digar executives ne is ceremony mein shirkat ki.
