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NymCard and Faysal Bank Limited have partnered to introduce a Banking-as-a-Service (BaaS) platform in Pakistan. This collaboration aims to help fintech startups and businesses integrate financial services into their products, making digital payments and financial solutions more accessible.
The partnership is the first of its kind between a fintech enabler and an Islamic bank in Pakistan. It opens new opportunities for companies looking to offer Shariah-compliant financial solutions while driving digital transformation.
Nabeel Ahmad, Country Manager Pakistan at NymCard, stated that this initiative will simplify the process for fintechs to bring their ideas to market. The platform will allow startups to scale faster and improve operational efficiency.
Faysal Bank Limited, one of Pakistan’s leading Islamic banks, continues to expand its digital services. This initiative aligns with its commitment to providing innovative, Shariah-compliant financial solutions.
By combining fintech infrastructure with Islamic banking, NymCard and Faysal Bank Limited are setting the stage for a more inclusive and efficient financial ecosystem in Pakistan. The partnership marks a significant step in the country’s growing fintech sector.
Ihsan Al Hayek; Zubair Khan; Amin Rahman
