If you are a Pakistani, you know it better than Pakistan is a developing country. Because of its high Internet and technology usage, it is becoming a productive country for remote financial services.
Pakistan, like all other domains, is working to improve its financial sector for a brighter and more prosperous economy. The use of technology in finance can ensure rapid success and security in the workplace. There are many financial companies that use technology.
We’ll provide you with the details and list of the top Fintech Companies in Pakistan.
Let’s first look at Fintech to get a better understanding of these companies.
What is Financial Technology?
Technology is used by financial services providers to provide better customer service.
Fintech companies use the most recent digital technologies to assist business owners and consumers in managing their finances by using computer algorithms.
This includes money transfers, checking deposition with your smartphone, and bypassing a branch bank branch to apply for credit, raise money for startups, manage investments, etc.
BestFintech Companies In Pakistan
There are many Fintech companies operating in Pakistan. We will only mention the top 10 most successful.
Creditfix Pakistan
Easypaisa
Physics Labs
Finja
Auto Dynamics
HBL Konnect
Bank Alfalah
Meezan Bank
JazzCash
UBL Omni
1.Creditfix Pakistan
ServicesLoan marketplace
CreditFix is working to provide financial backing to unbanked Pakistanis. It uses digital data and prophetic methods to estimate potential clients. It also helps its partners improve their businesses.
2.Easypaisa
ServicesBranchless Banking Solutions, Online/Mobile Payment Gateway
Easypaisa is GSMA mobile money-certified service launched in 2009 by Telenor Pakistan. It is classified under mobile-based branchless banking.
Easypaisa offers a wide range of services, including OTC transactions and inter-bank funds transfer, mobile banking, OTC transactions, bill payment, online payments, and online payments.
The easy process and security make it Pakistan’s most sought-after Fintech company.
3.Paysys Labs
ServicesPayment Solutions
Paysys Lab provides a diversified platform to various banks and businesses to deliver vast payment categories across multiple channels. Paysys Labs allows its partners to take advantage of mobile banking, mobile biometrics and digital financial CRM.
4.Finja
ServicesWallet, Payroll Software, & Payment Solutions
Finja is working under the NBFC license and is a well-known payments solution provider in Pakistan. It uses AI and data-driven techniques to send its financial aid. It primarily supports the underbanked, mostly salaried professionals, business owners, and merchants.
Its products include Finja Retail, Finja Retail CRM solution, Payrollplus cloud-based payroll solution, and ninja Wallet.
5.Auto Dynamics
ServicesSoftware House and Financial Solutions
Autosoft is an expert in banking and is giving a number of services in various financial domains.
It provides banking solutions in the areas of Islamic banking and conventional banking.
Its modular financial solution allows banks the flexibility to add modules to meet market trends and start with their most basic needs.
6.HBL Konnect
ServicesPayment Gateway
The HBL Konnect branchless banking is a great source of convenience for unbanked people.
These companies offer the best deals for movie tickets, online ordering, food delivery, money transfer, mobile credit recharge, and shopping at Konnect Shops.
The company offers customized corporate solutions, disbursement or collection of funds for government agencies’ solutions.
7.Bank Alfalah
Services Online/Mobile Payment Gateway
Bank Alfalah is offering its innovative services remotely. It is popular because it offers exceptional financial services such as bill payments, donations and online shopping.
MasterCard Payment Gateway Services (MPG) powers its online payment gateway. Customers can also use their apps and websites to expand online.
8.Meezan Bank
Services Online/ Mobile Financial Services
Meezan Mobile Banking App is spreading convenience by providing various features to its consumers.
These include checking balance, Meezan debit card, funds transfer, and online utility bill payment.
The can user can also check their eight most recent transactions. This is a great feature that helps them a lot.
9.JazzCash
ServicesBranchless Banking Solutions and Online/Mobile Payment Gateway
JazzCash is providing its assistance by the corporation with Waseela microfinance bank. It makes it easy to receive and transfer payments.
People can also get online utility bill payments, mobile loads, and ticket buying services.
10.UBL Omni
Services Mobile Financial Services
The UBL Omni mobile app facilitates the Omni account holders to access their accounts through their mobile app.
It allows users to view their transactions and banking details, transfer funds and pay bills.
Conclusion
Pakistan is seeing financial technology become more popular. We have listed the top 10 Fintech firms that offer relaxation to different industries and individuals in Pakistan.