Fintech Express program from Faysal Bank is focused on identifying and fostering Fintechs and Startups with promising, high-potential innovative technologies from Mastercard that accelerate and facilitate the entire digital payment journey for Fintechs.
Speaking at the signing ceremony, Mr. Yousaf Hussain, CEO, FBL said, “Faysal Bank wants to be the cornerstone of the digital product revolution in Pakistan. We are eager to create partnerships with EMI and Fintech and further support State Bank financial inclusion initiative in Pakistan. Faysal Bank agreement with YAP demonstrates our commitment to facilitate Fintechs and Startups in Pakistan.”
Adding on the occasion, Meharyab Niazi, CEO YAP Pakistan shared, “As we continue to work towards a more digitally inclusive world, encouraging financial inclusion only paves way for us to reach our real goal that is to improve quality of life by providing access to essential financial services. YAP is committed to bringing digital financial services to underserved communities as a way of reducing inequality, promoting prosperity, and empowering individuals. We are thrilled to be partnering with Faysal Bank in Pakistan and hope to use technology and innovative products to create value for our customers.”
Also present from Faysal Bank were Shaheryar Saeed Khan, Chief Digital Officer, Fahad Mirza, Head of Digital Products & Channels and from YAP were Imran Aslam CFO, Shahzar Anwar Head of Customer Experience.
Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a Public Limited Company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. Faysal Bank’s footprint now spreads over more than 220+ cities. As of July 2022, the bank has a network of 638 branches of which 633 are Islamic banking branches.
YAP is redefining the fintech sector in the Middle East, Africa, and South Asia by creating smarter and faster financial tools. The app offers a suite of versatile features such as analytics and budget tools, card controls, easy money transfers, real-time notifications of purchases, virtual cards and more. With an extensive database of resources at their fingertips, users can go from financially inexperienced to expert money managers.
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