PayFast, Pakistan’s first payment gateway to acquire full commercial approval from the country’s State Bank, is thrilled to welcome OneLoad, an innovative digital aggregation platform, to its growing client list. Through this partnership, shops on OneLoad’s platform will now be able to accept online bank account payments from their consumers via PayFast, thereby enabling 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 designed with an aim to bridge the gap between digital financial services and retailers. OneLoad empowers the store by facilitating procurement of digital financial services, and enables them to serve the end-consumer through digital payments. The platform went live in 2016 and has gained significant recognition across the retailer network.
PayFast is a payment technology company that provides digital payment acceptance for a range of enterprises such as E-commerce merchants and shops, freelancers, organizations, and billing entities. Additionally, it delivers improved 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, stated, “PayFast and OneLoad are aligned in their vision to increase financial inclusion through digital solutions. This alliance gets us one step closer to attaining that aim. Now, their clients will be able to accept payments made through online bank accounts from any of our partner banks, broadening 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 Of 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 facilitate adding cash/money services into OneLoad accounts more easily and efficiently.