Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

By Gloria Mathias

Raqami Islamic Digital Bank Pakistan, a digital financial institution, and Paysys Labs, a payment technology provider, have announced a partnership to transform Pakistan’s digital payments landscape.

The collaboration aims to develop an innovative digital payment solution that integrates real-time payment systems such as RAAST to enhance customers’ payment convenience, reliability, and speed.

Paysys Labs will play a pivotal role in assisting Raqami in enhancing its digital payment offerings and ensuring that its customers enjoy seamless, secure access to an expanded universe of digital banking functionalities and services.

Umair Aijaz, CEO of Raqami Islamic Digital Bank Pakistan, stated, “At Raqami Digital Bank, our mission is to drive Pakistan’s progress by providing innovative banking solutions that empower its people. We aim to deliver an exceptional customer experience and ensure financial access for all. This partnership with Paysys is a pivotal moment in our journey to introduce a comprehensive banking solution designed for the digital era. With Paysys’s expertise in Pakistan’s fintech landscape, we are excited to bring a next-generation payment experience that promises unparalleled convenience, speed, and reliability.”

Karim Jindani, Paysys Labs’ Chief Executive Officer, shared, “This partnership reflects Paysys Labs’ commitment to innovation and excellence in the fintech sector. We are excited to work with Raqami to enhance digital payment solutions in Pakistan, ultimately creating a more inclusive and efficient payment ecosystem.”

This partnership aims to enhance digital payment solutions for customers across Pakistan. Raqami’s customers will enjoy end-to-end digital onboarding and experience real-time instant payments backed by Paysys’ unified payments platform.