KARACHI – UBL and OP Digital Providers (OPay) have agreed to affix fingers for a strategic collaboration within the areas of service provider acceptance (point-of-sale buying) and monetary inclusion (branchless banking). OPay is a Fintech firm based mostly out of Beijing, China, having a presence throughout Africa and Asia, with a valuation near US$ 2 billion.
This partnership furthers UBL’s resolve in pushing SBP’s imaginative and prescient of the Money-to-Digital journey by making a sustainable digital ecosystem. The UBL-OPay collaboration will deal with increasing the service provider acceptance footprint throughout Pakistan by enabling SMEs and retail retailers to simply accept card funds by good terminals and different progressive digital options.
UBL is amongst the main gamers in branchless banking and this collaboration with OPay will usher a brand new wave of services to be provided by the agent community with the target of making a optimistic impression on monetary inclusion.
Talking on the event, Mr. Sharjeel Shahid, Group Government – Digital Banking, UBL mentioned, “This collaboration is a prime example of how cross-border synergies can be leveraged to create a meaningful impact. UBL takes pride in its digital services menu and this will further augment our contribution in this space.”
Mr. Zeb Khan, Vice President, OPay Pakistan mentioned, “Partnering with UBL forms the basis of our key strategy in this territory. Our plan includes enabling online and offline payments in the retail space and we have no doubt that this collaboration will put OPay amongst the front runners and revolutionize POS Acquiring and Branchless Banking in the Pakistan market.”