Faysal Bank Limited (FBL), a leading Islamic financial institution known for its commitment to technological innovation with Shariah compliance, announced a strategic collaboration with OPay, a global fintech giant with a proven track record in providing cutting-edge digital payment solutions, on January 25, 2024. The collaboration aims to empower the entire spectrum of small, medium, and large enterprises to accept digital payments. This alliance aims to drive the digital transformation of merchant services, offering a seamless and efficient experience for businesses and consumers alike. The primary focus of this partnership is to broaden the scope of digital merchant acceptance within the Islamic finance ambit, enabling businesses to adopt modern and secure payment methods, while benefitting from the Shariah complaint services of FBL.
Source: IBP