Paysys, Allied Bank Join Raast Financial Collaboration

Paysys Labs has partnered with Allied Bank Limited (ABL) to enable RAAST Merchant Service Provider (MSP) and Person-to-Merchant (P2M) services. This collaboration aims to enhance Pakistan’s digital payment landscape by providing secure and efficient cashless transactions for businesses and individuals.

Paysys Labs Pvt Ltd, a leading provider of payment technology solutions, has joined forces with Allied Bank Limited, a prominent financial institution known for its commitment to innovative banking services, to introduce RAAST MSP/P2M services. This partnership aims to revolutionize digital payments in Pakistan by enabling secure, efficient, and seamless transactions for both merchants and consumers.

Through this collaboration, Allied Bank merchants will gain access to secure and user-friendly RAAST payment services, facilitating effortless cashless transactions. This initiative plays a key role in advancing Pakistan’s digital financial ecosystem, promoting financial inclusion, and simplifying transactions nationwide.

Karim Jindani, Chief Executive Officer of Paysys Labs, expressed his enthusiasm about the partnership, stating, “This collaboration highlights Paysys Labs’ dedication to fintech innovation. At Paysys, we are committed to enhancing digital payment ecosystems with cutting-edge solutions. By enabling RAAST QR MSP/P2M services, we aim to deliver a seamless and secure payment experience, further driving financial inclusion across Pakistan.”