PayFast, Pakistan’s first payment gateway and fifth PSO/PSP overall to receive full commercial approval from the country’s State Bank, is pleased to welcome OneLoad, an innovative digital aggregation platform, to its growing client list. Through this partnership, retailers on OneLoad’s platform will now be able to accept online bank account payments from their customers via PayFast, thereby facilitating cashless transactions.
OneLoad is a retailer-centric platform with a 50,000+ Active Retailer Network selling e-load and other financial services. It is a mobile and web-based application built with a mission to bridge the gap between the digital financial services and retailers. OneLoad empowers the retailer by streamlining procurement of digital financial services, and enables them to serve the end-consumer through digital payments. The platform went live in 2016 and has garnered immense appreciation amongst the retailer network.
PayFast is a payment technology company that enables digital payment acceptance for a range of businesses such as E-commerce merchants and retailers, freelancers, corporations, and billing entities. Additionally, it provides greater transaction security to end-users through due diligence, PCI-DSS certification, and industry-standard fraud detection and monitoring.
Speaking on the occasion of the signing, Mr. Adnan Ali, CEO– PayFast, said, “PayFast and OneLoad are aligned in their vision to increase financial inclusion through digital solutions. This partnership brings us one step closer to realizing that goal. Now, their clients will be able to accept payments made through online bank accounts from any of our partner banks, diversifying their customers’ payment options. Together, we edge closer to making digital payments the norm.”
Also present at the partnership signing, Mr. Muhammad Yar Hiraj, Founder and Chief Executive Officer – OneLoad, stated, “OneLoad aims to work towards developing systems focused on digital financial inclusion harnessing Pakistan’s financial literacy. Partnering with Payfast, would enable OneLoad to provide adding funds / money services into OneLoad accounts more easily and efficiently.