Kuickpay Teams Up with Visa to Digitize B2B Payments and Empower SMEs

Kuickpay announced a strategic collaboration with Visa to launch a new Business Payment Service Provider (BPSP) platform aimed at revolutionizing B2B payments and invoice financing in Pakistan. This fintech platform will enable businesses to pay suppliers directly using Visa Commercial Cards, thus, reducing DSO (Day Sales Outstanding) through the facilitation of automatic reconciliation and real-time invoice tracking.

Syed Saqib Ali, CEO of Kuickpay stated “At Kuickpay, we are committed to transforming the B2B landscape by addressing significant inefficiencies in the current financial ecosystem that hinder business growth. Having closely analyzed the local market, we’ve pinpointed key challenges in business payments, and by applying our deep expertise in digital financial solutions combined with Visa’s trusted global infrastructure, we are uniquely equipped to deliver meaningful and lasting impact.”.

Meanwhile, Visa’s Country Manager for Pakistan, Umar Khan, highlighted the platform’s potential in shifting BASP B2B transactions from cash to cards, thus, fuelling efficiency, growth, and financial inclusion.

This partnership signals a critical leap toward a more digitized SME ecosystem in Pakistan, offering scalable solutions to longstanding financial bottlenecks.

Read more: Al Baraka Goes Digital with PTCL Partnership Deal