Pakistan’s fintech space has reached a new milestone as Bank Alfalah, one of the country’s largest commercial banks, takes a 7.2 per cent equity stake in QistBazaar, a fast-growing buy now, pay later (BNPL) fintech.
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Qist Bazaar’s Latest Endeavors
Samsung Pakistan and Qist Bazaar Partner to Bring Samsung Smartphones for Only Rs 4,999 Now and Rest on Easy Instalments
Samsung Pakistan has teamed up with Qist Bazaar, a fintech known for their easy payment plans, to launch an incredible deal for Samsung phones. For as low as PKR 4999, customers can get their hands on a brand-new Samsung A04 mobile, with minimum formalities and procedures.
Bank Alfalah signs agreement to acquire 7.2 percent equity stake in QistBazaar
KARACHI-Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP) licensed Buy Now Pay Later (BNPL) non-bank financial company platform.
QistBazaar.pk & Pak-Qatar Family Takaful to provide free accidental life takaful coverage
As part of providing tailored solutions and unique value-added features for our customers, QistBazaar.pk a fintech start-up which has recently developed an e-commerce marketplace for electronics that customers can avail on installments, has signed an MoU with Pak-Qatar Family Takaful Limited (PQFTL).
Qist Bazaar: Leading the Way as Pakistan’s First BNPL with ‘Shariah Compliant Company’ Status by SECP
Qist Bazaar Private Limited, a fintech startup backed by Bank Alfalah has achieved a remarkable and groundbreaking milestone of being officially recognized by the Securities and Exchange Commission of Pakistan (SECP) as a ‘Shariah-Compliant Company,’ marking Qist Bazaar as the pioneering Buy Now Pay Later (BNPL) startup in Pakistan to attain such certification.
Leading Pakistan BNPL Fintech – QistBazaar – Secures PKR 500 Million Equity And Embedded Finance Partnership With Bank Alfalah
QistBazaar, a leading Pakistan-based Buy Now Pay Later (BNPL) Fintech, announces a significant equity and Shariah-Compliant embedded finance partnership with Bank Alfalah – one of Pakistan’s largest commercial banks.
Bank Alfalah marks breakthrough with Equity Investment and Embedded Finance Partnership with QistBazaar
Karachi, May 05, 2023: Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP) licensed Buy Now Pay Later (BNPL) non-bank financial company (NBFCs) platform.