FAYSAL Bank Limited announced a strategic collaboration with OPay, a global fintech giant, as per a press release. The collaboration aims to empower the entire spectrum of small, medium, and large enterprises to accept digital payments.

It will further the State Bank of Pakistan`s agenda for financial inclusion and the promotion of cashless payments in the country. This alliance aims to drive the digital transformation of merchant services, offering a seamless and efficient experience for businesses and consumers alike.

The primary focus of this partnership is to broaden the scope of digital merchant acceptance within the Islamic finance ambit, enabling businesses to adopt modern and secure payment methods while benefitting from the Sharia compliant services of FBL.

Both Faysal Bank and OPay will continue to partner for ongoing research and development initiatives to stay at the forefront of fintech innovation and deliver market-leading solutions. •