The collaboration aims to broaden secure, cashless payment options for Micro, Small, and Medium Enterprises (MSMEs) across the country.

The agreement reflects FBL’s continued commitment to promoting financial inclusion by leveraging fintech partnerships, particularly in empowering MSMEs a critical segment of Pakistan’s economy.

A signing ceremony was held at Faysal Bank’s Head Office, attended by senior representatives from both organizations.

Speaking on the occasion, Amin ur Rahman, Chief Digital Officer at Faysal Bank, said, “Our partnership with Smart1-Tech is another step towards expanding the payments ecosystem in Pakistan. At Faysal Bank, we believe in growth through collaboration, and this partnership complements our strategy in the digital space.”

Ali Ahmed, CEO of Smart1-Tech, highlighted the transformative potential of the collaboration, stating, “We are privileged to formalize our partnership with Faysal Bank.

This agreement is a significant step toward strengthening Pakistan’s digital acceptance services, and we are confident this collaboration will drive progress by enabling growth.“

The partnership will also focus on expanding Raast P2M QR-based payment solutions for small retailers, supporting Pakistan’s transition toward a more connected and cashless economy.