Faysal Bank and Naheed Pakistan have announced a partnership to bring Grocery on Installments facility to all Faysal Islami Noor Card customers at a 0% profit rate. This collaboration marks the first time in Pakistan that customers can avail installment financing on grocery shopping in a shariah compliant way, providing greater convenience and ease in their lives. Customers can avail financing on a minimum spend of Rs. 25000/- with Naheed.
The partnership aims to improve payment cycles for Faysal Bank’s merchant partners while making payments easier for Faysal Bank customers through Naheed Pakistan. Naheed benefits from a higher conversion rate, improved average order value, and an increase in sales by offering installments at checkout.
Feroz Khan, Head Unsecured Business & Payment Services, Consumer Finance, Faysal Bank, expressed his excitement about the partnership, “This partnership is a testament to our vision of empowering customers with Shariah Compatible flexible financing options. This product will also support merchants to get more sales during this period of continued economic uncertainty.”
