Bank Alfalah and Alchemative collaborate to provide Digital Payments Infrastructure to online businesses in Pakistan

Bank Alfalah, one of the largest private banks in Pakistan and one of the pioneers in the digital banking realm has partnered with Alchemative, a 1-Click Checkout Solution. The two innovative organizations have collaborated to facilitate digital payments for e-commerce businesses. Alchemative enables organizations to sell products globally through an integration with Alfa Payment Gateway. This platform will enable a robust digital payments collection mechanism.

The Alfa Payment Gateway is a unique e-commerce payment gateway, allowing businesses to go online through a comprehensive e-commerce payments infrastructure. The platforms provide distinct opportunities for businesses that are moving with times and adopting digital payments for facilitation of customers. The partnership between Bank Alfalah and Alchemative is designed to provide solutions that enable online retailers to collect payments in real time and in a simple and secure manner from their customers via multiple payment modes e.g. Credit and Debit cards, Bank Alfalah Wallets and Alfa Bank Accounts.

Key features

Group Head Digital Banking Group – Yahya Khan was pleased to commemorate this business expansion partnership and stated “This partnership is another step towards our objective to offer seamless digital banking and payment services to customers in an efficient manner. It highlights our passion to work with Fintechs and Technology companies and invest in profitable business expansion partnerships to help Pakistani merchants access the e-commerce marketplace.” Some of the key features of Alfa Payment Gateway include:

  • Instant and Digital Merchant Onboarding
  • No setup/Annual/Maintenance fee
  • Powerful Merchant Portal
  • Merchant Financing and BNPL
  • Pay by Link (Ideal for merchants without a website)

The CEO of Alchamative – Umar Rana stated, “Our aim is to connect the customers, merchants as well as financial institutions in order to fast track digital adoption in the country that results in transparency along with sustainable economic growth. We have built an entire eco-system of e-commerce and all things digital to help facilitate various industries. This partnership is another proud step towards our vision of transforming businesses, people and communities through the power of technology.”