DigiKhata has partnered with PayFast to provide digital payment solutions to their customers.
Tell me more: DigiKhata is a cloud-based bookkeeping and accounting app that helps small businesses manage their financial ledger.
PayFast allows businesses to accept payments from their customers via various online payment methods.
With this partnership, DigiKhata users will be able to accept payments through DigiCash.
DigiCash is DigiKhata’s payment feature that allows businesses to accept Visa, MasterCard, UnionPay, PayPak, and bank accounts and mobile wallets.
PayFast will power the underlying technology that will enable DigiCash to process payments.
You should know: DigiKhata is a Faisalabad-based Fintech startup that was founded in 2020 by Adnan Aslam and Bilal Anjum.
Last year it raised $2 million in seed funding from MSA Capital, Shorooq Partners, SOSV, and +92 Ventures.
Before you go: DigiKhata claims to have 2 million users with an estimated $1+ billion in ledger transactions recorded on the app.
It faces competition from other well-funded startups in the digital ledger space like CreditBook, Bazaar’s Easy Khata, and mKhata.