The strategic alliance will focus on providing a comprehensive suite of digital and Shariah-compliant acceptance solutions, at par with global standards, to Small and Medium-sized Enterprises (SMEs) across Pakistan. This includes the deployment of Point-of-Sale (POS) systems equipped to handle modern payment methods, including the widespread adoption of Raast Merchant QR-based payments

At the partnership signing event, Syed Amin ur Rahman, Chief Digital Officer, Faysal Bank, said: “This alliance with Tapsys is reflective of our organisational ethos of creating a digitally empowered Shariah-compliant ecosystem for merchants and customers alike. This partnership aims to make cashless payments more convenient, aligning with SBP’s financial inclusion and cashless economy goals.”

Present on the occasion, Karim Jindani, Chief Executive Officer, Tapsys, stated: “We are delighted to collaborate with Faysal Bank to drive innovation in the digital payment space. Tapsys’ focus on secure and scalable technology aligns perfectly with FBL’s commitment towards delivering state-of-the-art digital financial services. Together, we aim to reshape how businesses and consumers experience digital payments.”