If you are a Pakistani, you know it better than Pakistan is a developing country. It is evolving as a productive land for digital or remote financial services due to high Internet and technology usage rates.
Like all other domains, Pakistan is improving its financial field for a bright and prosperous economy. This use of technology in the area of finance gives the surety of rapid success and certainty in work. However, there are several financial companies utilizing technology.
Here we’ll give you the list and details about the most leading Fintech Companies operating in Pakistan.
Before going in-depth, let’s analyze the term Fintech for a better understanding of these companies.
What Is Financial Technology?
Financial services providers use technology to deliver better assistance to their customers.
Fintech companies employ the latest digital techniques to help business owners and other consumers to manage their financial operations by employing computer algorithms.
It includes money transfers, check deposition with your smartphone, bypassing a bank branch to apply for credit, raising money for startups, managing investments, etc.
Best Fintech Companies In Pakistan
Several Fintech firms are operating in Pakistan; however, we mention the most successful top 10 companies.
- Creditfix Pakistan
- Easypaisa
- Paysys Labs
- Finja
- Autosoft Dynamics
- HBL Konnect
- Bank Alfalah
- Meezan Bank
- JazzCash
- UBL Omni
1. Creditfix Pakistan
Services: Loan marketplace
CreditFix is working to provide financial backing to unbanked Pakistanis. It utilizes digital data and prophetic standards to estimate potential clients. Also, it helps its partners to uplift their businesses.
2. Easypaisa
Services: Online/ Mobile Payment Gateway, Branchless Banking Solutions
Easypaisa is GSMA mobile money certified service launched in 2009 by Telenor Pakistan. It falls in the category of mobile-based branchless banking.
Easypaisa provides a vast range of services; the most prominent are mobile banking, OTC transactions, Inter-Bank Funds Transfer, online payments and bill payment, etc.
Moreover, the easy procedure and secure services make its famous and demanding Fintech company Pakistan.
3. Paysys Labs
Services: Payment Solutions
Paysys Lab provides a diversified platform to various banks and businesses to deliver vast payment categories across multiple channels. Paysys Labs enables its partners to benefit from mobile banking, Mobile biometrics, and digital financial CRM solutions.
4. Finja
Services: Wallet, Payroll Software, and Payment Solutions
Finja is working under the NBFC license and is a well-known payments solution provider in Pakistan. Its system operates on AI and data-driven methods to transmit its financial assistance. The company mainly supports the underbanked community, primarily to salaried professionals, merchants, and business owners.
Its useful products include digital wallet, Finja Retail, CRM solution, Payrollplus, cloud-based payroll solution, and finja Wallet.
5. Autosoft Dynamics
Services: Software House and Financial Solutions
Autosoft is an expert in banking and is giving a number of services in various financial domains.
It offers banking solutions in the area of conventional banking, Islamic banking, and digital Banking (both commercial and Islamic banks).
Additionally, its modular financial solution allows banks to start with their basic necessities and add new modules according to market trends.
6. HBL Konnect
Services: Payment Gateway
The HBL Konnect branchless banking is a great source of convenience for unbanked people.
They give people the best deals in purchasing movie tickets, ordering food online, transferring funds, paying bills, recharging mobile credit, or shopping at a Konnect Shop.
The company also proposes customized corporate solutions and disbursement and collection of funds for government entities’ solutions.
7. Bank Alfalah
Services: Online/Mobile Payment Gateway
Bank Alfalah is offering its innovative services remotely. The exceptional financial facilities include bill payments, donations, online shopping, mobile top-up, and gift vouchers, which makes it popular among people.
Its online payment gateway is powered by MasterCard payment gateway services (MPGS). Furthermore, customers can use their websites and apps to expand online.
8. Meezan Bank
Services: Online/ Mobile Financial Services
Meezan Mobile Banking App is spreading convenience by providing various features to its consumers.
These include online utility bill paying, checking balance, Meezan debit cards and funds transferring.
Also, the can users check their last eight transactions with details which helps them a lot.
9. JazzCash
Services: Online/Mobile Payment Gateway And Branchless Banking Solutions
JazzCash is providing its assistance by the corporation with Waseela microfinance bank. It allows unbanked people to get convenient in receiving and transferring payment.
Further, people get facilities from online utility bill paying, mobile loads, and buying tickets.
10. UBL Omni
Services: Mobile Financial Services
The UBL Omni mobile app facilitates the Omni account holders to access their accounts through their mobile app.
The app allows users to transfer their funds, pay bills, and review their banking and transaction details.
Conclusion
Financial technology is increasingly getting successful in Pakistan. Above, we have mentioned the top 10 Fintech companies conveying relaxation to various industries and individuals in Pakistan.
Read More: List Of Telecommunication Companies In Pakistan