Faysal Bank has signed a Memorandum of Understanding (MOU) with Xpence Pakistan to offer innovative financial services through Fintech Express Program

Faysal Bank through its Fintech Express Program is driven by creating partnerships with EMI and Fintech to further encourage State Bank’s financial inclusion initiative in Pakistan. Faysal Bank offers a digital & innovative product suite that will accelerate the innovative financial digital services for Xpence Pakistan.  Fintech Express program is focused on identifying and fostering Fintechs and Startups with promising and innovative technologies to facilitate the customer’s digital journey.

Speaking at the signing ceremony, Mr. Shaheryar Saeed Khan, Chief Digital Officer, FBL said, “Faysal Bank is eager to create partnerships and support EMI’s and Fintechs in Pakistan. This agreement with Xpence Pakistan shows our commitment to offer innovative, digital solutions to facilitate Fintechs and startups in Pakistan.”

Speaking at the signing ceremony, Mr. Nejib Rahman, CEO, Xpence Pakistan said, “Xpence is excited to work with a progressive partner in Faysal Bank to help the next generation of business grow through the Naya Pakistan initiatives. Xpence is the future of smart business spending by empowering startups to take control of their finances through an intuitive all-in-one platform.”

Also present from Faysal Bank were Ali Waqar, Head Corporate & Investment Banking, Fahad Mirza, Head Digital Products & Channels, and from Xpence were Mr. Saad Ansari, Global CEO and Mr. Abdulaziz Al-Moosa, board member.


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