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Pakistan’s fintech space has reached a new milestone as Bank Alfalah, one of the country’s largest commercial banks, takes a 7.2 per cent equity stake in QistBazaar, a fast-growing buy now, pay later (BNPL) fintech.
KARACHI: Bank Alfalah Ltd announced on Friday its entry into the venture capital (VC) ecosystem through an agreement to acquire a 7.2 per cent equity stake worth Rs140 million in QistBazaar, a buy-now-pay-later (BNPL) fintech.
Samsung Pakistan has teamed up with Qist Bazaar, a fintech known for their easy payment plans, to launch an incredible deal for Samsung phones. For as low as PKR 4999, customers can get their hands on a brand-new Samsung A04 mobile, with minimum formalities and procedures.
KARACHI-Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP) licensed Buy Now Pay Later (BNPL) non-bank financial company platform.
Milestone for Pakistan: commercial bank takes equity and embedded finance partnership with BNPL fintech
As part of providing tailored solutions and unique value-added features for our customers, QistBazaar.pk a fintech start-up which has recently developed an e-commerce marketplace for electronics that customers can avail on installments, has signed an MoU with Pak-Qatar Family Takaful Limited (PQFTL).
Qist Bazaar Private Limited, a fintech startup backed by Bank Alfalah has achieved a remarkable and groundbreaking milestone of being officially recognized by the Securities and Exchange Commission of Pakistan (SECP) as a ‘Shariah-Compliant Company,’ marking Qist Bazaar as the pioneering Buy Now Pay Later (BNPL) startup in Pakistan to attain such certification.
Qist Bazaar Private Limited, a Bank Alfalah backed Fintech, has reached a significant milestone that sets it apart in Pakistan’s financial landscape
QistBazaar, a leading Pakistan-based Buy Now Pay Later (BNPL) Fintech, announces a significant equity and Shariah-Compliant embedded finance partnership with Bank Alfalah – one of Pakistan’s largest commercial banks.
Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP) licensed Buy Now Pay Later (BNPL) non-bank financial company (NBFCs) platform.