Chikoo and Bank Alfalah unveil revolutionary POS payment device
partnership
Chikoo, a prominent digital business platform, and Bank
Alfalah, one of Pakistan's leading commercial banks, have announced a strategic
partnership at the premier technology conference, +92Disrupt, organized by
Katalyst Labs.
This groundbreaking collaboration aims to empower over 5
million Micro, Small, and Medium Enterprises (MSMEs) in Pakistan through a
comprehensive suite of digital solutions seamlessly integrated with
cutting-edge payments technology from Bank Alfalah.
Bank
Alfalah enters into fintech foray
The partnership entails the integration of the Chikoo
platform into Bank Alfalah's state-of-the-art smart Point-of-Sale (POS)
devices, heralding a new era for businesses. This integration allows for the
seamless digitization of sales, payments, and customer management directly from
the Bank Alfalah POS device, facilitating the transition from traditional
brick-and-mortar models to efficient digital frameworks for enterprises of all
types.
Raza Matin, CEO and co-founder of Brandverse & Chikoo,
announced during the event that the solution would be jointly marketed and
distributed by Chikoo and Bank Alfalah. Representing the bank at the
announcement, Amaar Naveed Ikhlas, Head of Payments Division at Bank Alfalah,
expressed his enthusiasm for the collaboration.
Bank
Alfalah to set up exchange company with a capital of Rs. 2 billion
Raza Matin shared his excitement, stating, “It is a
momentous occasion for the team at Chikoo. We have been quietly working on this
project for well over a year and are excited to announce the pairing of our
powerful platform with the best-in-class payments experience from Bank Alfalah,
to accomplish our shared mission of delivering merchant delight to the millions
of MSMEs in Pakistan.”
Amaar Ikhlas, Head of Retail Payment Solutions, highlighted
Bank Alfalah's pride in collaborating with impactful platforms like Chikoo,
paving the way for Pakistan’s digital future.
This partnership represents a significant milestone,
allowing businesses of all types to manage their daily payment needs with ease
and transparency, ultimately enhancing their sales capabilities. The
collaboration promises a transformative experience for businesses and opens
doors for digital commerce innovation throughout Pakistan.
Source: Pro Pakistani