Paysa, the newest Electronic Money Institution in Pakistan with an In-principle approval from State Bank of Pakistan, and Covalent, with its award winning Taabiir plaform, enter into a strategic partnership agreement where Covalent will configure & customize its Taabiir platform to drive the various business initiatives of PaySa.
The signing ceremony took place at the new facility of Covalent “The Hub” and was attended by representatives from both organizations.
Paysa is the first EMI with a prime focus on retail merchant acquiring and currently powers 5000+ merchant locations under an ISO model. Covalent – the largest provider of services to the electronic money institutions in Pakistan with customers in Middle East as well has all the building blocks under its custom developed and award winning Taabiir platform to digitally onboard and seamlessly power the customers of an EMI, Digital Bank, Bank or Microfinance Bank.
“PaySa found the perfect partner in Covalent with its fully compliant platform and agile delivery team to seamlessly enable and power various digital services for our customers, merchants and other entities” revealed Mr. Ali Adnan – CEO Paysa. “Covalent was selected after an extensive evaluation exercise by our team and we feel that the synergies between both teams will propel us to the next level in a matter of months”
“Covalent is appreciative of the trust that PaySa has placed in our award winning Taabir Platform, we are poised to quickly and effeciently enable our fully compliant platform for Paysa in a matter of weeks” said Haris Waheed – COO Covalent. “Covalent has enabled and powered an extremely diversified range of EMIs and Fintechs in the Pakistani market, we have the required expertise and experience to ensure that PaySa customers experience the best in class services that are a hallmark of Covalent”