Safepay is partnering with United Bank Limited (UBL) to provide digital payment solutions to retailers and SMEs.
Tell me more: Retailers and small businesses are relatively underserved when it comes to e-commerce.
Through this partnership, Safepay and UBL will be exploring ways to reduce the need for cash for businesses in Pakistan.
Safepay will enable retail businesses to go cashless with its payment gateway platform. And UBL will provide settlement, a fundamental requirement for any payment service provider (PSP).
You Should know: Safepay is backed by Stripe, the leader in online payment processing. It was founded in 2017 by Raza Naqvi and Ziyad Parekh.
Big Picture: It is projected that the e-commerce market in Pakistan will continue to experience explosive growth.
The key to this growth is a collaboration between traditional players and new ones.