JS Bank partners with State Bank collaborate to promote digital advancement
In a concerted effort to drive digital innovation and foster
financial inclusion, Zindigi aligns seamlessly with the strategic vision of the
State Bank of Pakistan, spearheading the adoption of the Raast P2M Merchants
Payments Ecosystem nationwide. Partnering with JS Bank, Zindigi stands as a
pioneering force in embracing the Person to Merchant (P2M) initiative.
This strategic alliance marks a significant stride towards
cultivating a digitally inclusive economy. More than just a service, it
underscores a steadfast commitment to nurturing a robust digital infrastructure
and bolstering the nation's economic development. Zindigi leads the charge as
the youngest financial institution with the widest merchant network on Raast
P2M, empowering all users of the Zindigi app to seamlessly transact using their
smartphones across Pakistan.
Optasia
empowers JS Bank's "Zindigi" App to boost financial inclusion in
Pakistan
The Raast P2M ecosystem boasts key features such as
open-loop static & dynamic QR payments, request-to-pay (RTP), alias-based
payments, real-time merchant settlement, and Till codes catering to
non-smartphone users. Supported by the dispute resolution mechanism facilitated
by the SBP, these initiatives ensure a resilient framework for resolving
disputes efficiently, with Zindigi fully endorsing these comprehensive
endeavors to democratize digital payments infrastructure.
Noman Azhar, Chief Officer at Zindigi, expressed, “Our
alignment with the State Bank's initiatives for extensive financial inclusion
underscores our core objectives. We take pride in leading the adoption of the
Raast P2M Merchant ecosystem and aspire to empower every individual financially,
leaving a tangible imprint on our nation.”
JS
Bank powered Zindigi signs MoU to launch “The Achieve Program”
Committed to transcending conventional digital banking
paradigms, Zindigi aspires to redefine Pakistan's digital banking landscape.
Anchored in innovation, customer-centricity, and ethical banking practices, Zindigi
leverages cutting-edge technology to deliver enduring value to all stakeholders
and effect meaningful societal change.
Source: The Nation