Faysal Bank and Naheed Pakistan to provide grocery on installments

 

Faysal Bank and Naheed Pakistan to provide grocery on installments

Faysal Bank and Naheed Pakistan under a partnership will provide Grocery on Installments facility to all Faysal Islami Noor Card customers at a 0% profit rate.

Customers can avail the facility on a minimum spending of Rs. 25000/- with Naheed.

The collaboration will improve payment cycles for Faysal Bank’s merchant partners while making payments easier for Faysal Bank customers through Naheed Pakistan.

Naheed benefits from a higher conversion rate, improved average order value, and an increase in sales by offering installments at checkout.

Feroz Khan, Head of Unsecured Business & Payment Services, Consumer Finance, Faysal Bank, called the partnership to the vision of his bank to empower customers with Shariah compatible flexible financing options.  

With an expanding network of 700 Islamic branches, Faysal Bank has presence in over 270 cities/towns across Pakistan.