At the +92Disrupt technology conference organized by Katalyst Labs, Chikoo, a prominent digital business platform, and Bank Alfalah, one of Pakistan’s leading commercial banks, announced a strategic partnership with the goal of empowering over 5 million Micro, Small, and Medium Enterprises (MSMEs) in Pakistan.
This groundbreaking collaboration integrates Chikoo’s digital solutions with Bank Alfalah’s cutting-edge payments technology, offering a comprehensive suite of services to businesses.
The partnership aims to streamline the operations of MSMEs by seamlessly integrating the Chikoo platform into Bank Alfalah’s advanced smart Point-of-Sale (POS) devices. This integration will revolutionize the business landscape, enabling a smooth transition from traditional brick-and-mortar models to a more efficient and digitized framework for enterprises of all types.
During the announcement at +92Disrupt, Raza Matin, CEO and co-founder of Brandverse & Chikoo, shared that the joint solution would be marketed and distributed collaboratively by Chikoo and Bank Alfalah. Representing the bank, Amaar Naveed Ikhlas, Head of Payments Division at Bank Alfalah, expressed the institution’s enthusiasm for the collaboration.
Raza Matin conveyed his excitement about the partnership, stating, “It is a momentous occasion for the team at Chikoo. We have been quietly working on this project for well over a year and are excited to announce the pairing of our powerful platform with the best-in-class payments experience from Bank Alfalah, to accomplish our shared mission of delivering merchant delight to the millions of MSMEs in Pakistan.”
Amaar Ikhlas, Head of Retail Payment Solutions at Bank Alfalah, emphasized the bank’s pride in collaborating with impactful platforms like Chikoo, paving the way for Pakistan’s digital future.
This partnership signifies a major milestone, offering businesses the tools to manage their daily payment needs with ease and transparency, ultimately facilitating increased sales. The collaboration between Chikoo and Bank Alfalah promises a transformative experience for businesses and sets the stage for innovation in digital commerce across Pakistan.
As the digital landscape continues to evolve, partnerships like these contribute to the growth and development of the MSME sector, driving economic progress and fostering a more robust digital ecosystem in Pakistan. The integration of Chikoo’s digital solutions with Bank Alfalah’s payments technology represents a significant step forward in facilitating a digital-first approach for businesses of varying scales and industries.
