Pakistan’s rapidly rising bank, Bank Alfalah and Adal Fintech, a digital finance subsidiary of Techlogix, have teamed up to provide financing for digital supply chains across Pakistan. The goal of this alliance is to expand digital lending services for retailers in partnership with their suppliers. This solution allows the reseller to select financing options in real time.
This digital access to financing for retail SMEs provides immediate financial solutions using efficient and advanced machine learning technologies and software solutions so that they are also available in the most remote locations.
CEO – Bank Alfalah, Atif Bajwa was delighted to lay the groundwork for automating small and medium-sized finance in Pakistan. He said ‘This collaboration is already in line with the bank’s vision of providing customers with uninterrupted digital banking services. It also demonstrates our continued commitment to partnering with Fintech and investing in innovative projects in the up-and-coming digital industry, as well as providing ease of use for our clients’.
Adal Fintech CEO Salman Akhtar said that “We are delighted to have the opportunity to showcase excellent digital lending innovation in Pakistan in partnership with Al Falah Bank. Our solution provides real-time access to credit and significantly helps expand lending to the SME sector in Pakistan. Our digital lending platform has already offered more than 10,000 loans in recent months and we plan to expand the loan in cooperation with our partner banks.
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