PPayFast, a group of Premier Systems company with a PSP commercial license for e-payment gateway services from the State Bank of Pakistan, is excited to join hands with Qatar-based TWYLA technology.
The nature of the partnership shows that PayFast and TWYLA Technologies have jointly formed a fantastic startup called PAY2M to offer a combination of innovative digital payment services, allowing businesses to operate in the MENA area without any hassle. Barrier allows integration and acceptance of online and in-store digital payments.
These include a dynamic e-commerce payment gateway, e-wallet, and e-invoice / billing solution. In addition, the company is committed to facilitating Soft POS through its partnership with one of the world’s most popular payment schemes to increase the acceptance of innovative digital payments for various entities, especially SMEs. China. PAY2M will launch operations in Qatar before tapping the lucrative MENA market, with an e-commerce market value of $ 4 billion and a digital transaction volume of $ 278 billion. To that end, PAY2M aims to expand into Saudi Arabia and Egypt at a later stage.
The partnership demonstrates PayFast’s industry knowledge, experience and technical expertise. It marks an important step in the journey of a regional penetration startup through PAY2M, which recently received a state grant from its government to successfully pass the Qatar Development Bank (QDB) accelerator program. PAY2M has also obtained a principle license from the Central Bank of Qatar and has successfully completed MVP for Payment Gateway Solutions. It is now moving towards completing sandboxing as it moves towards commercial approval.
PayFast and TWYLA Technologies want to benefit from this partnership project by expanding their reach across borders and around the world, thus accelerating the vision of PayFast Introduced by Mr. Adnan Ali, CEO. Drink fast in the international market.
Mr. Arshad Raza, Chairman, PayFast, expressed his excitement over the announcement, “Over the past year, PayFast has experienced tremendous domestic success in Pakistan since its commercial launch. Now is the best time for us to expand our horizons by tapping and consolidating our vision of expanding our scope.
Meanwhile, Mr. Noman Gul, CEO and co-founder of PAY2M, agreed: “With PAY2M, we are working to develop an innovative digital solution that can provide a number of benefits to MSMEs and large corporations. Will begin in Qatar before expanding into MENA. PayFast’s expertise in the field of fintech can help us achieve the success we are aiming for. “
Mr. Adnan Ali, CEO-PayFast / COO and Co-Founder-PAY2M added: “This joint venture reflects the success of PayFast as a regulated fantasy and is a testament to our company’s digital payment skills. We at PAY2M Is excited to work with TWYLA to create a dynamic payment solutions provider, advancing its mission to put Pakistan on the global fantastic map.