With this agreement, Innovarge, 1LINK and FBL can jointly provide a seamless and cost-effective solution for payments and collections. In addition, KuickPay encourages payments and contributes to a more vivid e-payments ecosystem. The role of Innovarge will consist of an aggregator, while Faysal Bank will cover the settlement agreement. The largest and advanced infrastructure of 1LINK ensures seamless processing of the transactions.
Saqib Kazmi, CEO KuickPay said,
"This alliance will reform online payments and will provide companies with and retailers the opportunity to collect payments from their customers digitally using the digital and OTC channels of banks, which is currently a challenge in local industry. "
" 1LINK, the central point for all payments throughout Pakistan, has worked tirelessly to bring multiple digital payment innovations and the realization of the SBP vision 2020. With this alliance we will witness the creation of new payment and collection services, "said Mr. Najeeb Agrawalla, CEO, 1LINK.
Omer Farooq, Head of Transaction Banking, Faysal Bank:
"We are pleased to offer this convenience to all KuickPay customers, and it is consistent with FBL's business strategy to improvise and improve customer experience by advanced banking solutions for esteemed customers This cooperation will benefit KuickPay customers and further increase operational convenience. "
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