Bank Alfalah Secures Qist Bazaar’s Growth with Rs.55 Million Equity and Rs.460 Million Credit Line
Bank Alfalah, one of Pakistan’s leading financial institutions, has reinforced its commitment to financial inclusion by increasing its investment in Qist Bazaar, Pakistan’s rapidly growing buy-now-pay-later (BNPL) platform catering to essential purchases of people with minimal and easy instalments.
Mehfooz
SECP issues Shariah Compliance Certificate to a startup
The Securities and Exchange Commission of Pakistan (SECP) has issued a Shariah compliance certificate to a licensed non-banking finance company (NBFC) offering Buy Now Pay Later (BNPL) services on the Shariah principle of Musawamah, whereby profit margin is included in the sale price of the commodity. The certificate has been granted to Qist Bazaar (Private)…
Adil Aziz
QistBazaar Expands its Footprint with the Opening of 10th Facilitation Centre in Gulistan-e-Johar
QistBazaar, a leading Buy Now, Pay Later (BNPL) fintech company focused on serving the unbanked population, proudly announces the grand opening of its 10th facilitation centre in the bustling neighborhood of Gulistan-e-Johar. Situated in one of Karachi’s most densely populated middle-class hubs, with an estimated 5 million residents within a 5-mile radius, this strategic expansion…
Bank Alfalah marks breakthrough with Equity Investment and Embedded Finance Partnership with QistBazaar
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…
Qistbazaar achieves Rs. 1.0 billion sales milestone in just 17 months
Qistbazaar, a leading e-commerce start-up, has achieved the milestone of Rs. 1.0 billion in sales, in just 17 months since its establishment in November 2021. As a rapidly growing BNPL (Buy Now Pay Later) platform, and working as a licensed NBFC (Non-Banking Finance Company), Qistbazaar is committed to uplifting the living standard of all citizens…