Ali Mubashar Kazmi has been named President of OPay, with responsibility for the company’s commercial strategy and operations in Pakistan. With over 25 years of expertise in banking and finance, as well as power, real estate, and agriculture, he will add a varied skill set to Pakistan’s senior leadership. Mr. Kazmi has extensive prior banking experience, ranging from managing complex corporate transactions with multiple international teams to overseeing the consumer, digital, and retail businesses of one of the country’s largest banks while overseeing a team of over 12,000 people and over 1200 branches. He has spent the previous five years as Chairman of several groups of firms, as well as founding four multibillion-dollar businesses in a variety of fields, with a focus on institution development and job creation in Pakistan.
“It gives me enormous pleasure to announce that I have joined OPay Pakistan as President,” he said. Through the advent of smart POS technology and value-added services, OPay has built a completely disruptive business model with an exceptional value offer that has never been seen in Pakistan. I’ve been committed to exceeding customers’ expectations while maintaining operational excellence at all stages of the value chain. As long as we continue committed to permanently disrupting the payments industry, I believe this partnership will improve the lives of every Pakistani. I’m very excited about the future plans and commitments for Pakistan, and I’m looking forward to this enormous institution’s diversified financial penetration ambitions in Pakistan.”
“I am confident that Mr. Kazmi’s wealth of experience will make a tremendous impact towards identifying the right talent resource and also achieving our goals in Pakistan, particularly in areas of Value Chain Financing, massively increasing card penetration among the masses, and digitizing the retail landscape,” said Vice President Zeb Khan.
With the largest fleet of smart POS terminals and a rapidly expanding merchant network, OPay has changed the payments ecosystem. The company has created a network of 7K merchants across Pakistan in the last year alone, and it continues to expand. OPay sees Pakistan as the most crucial market in the next years since there is a lot of room for growth in the economy’s digitization. OPay wants to deploy 100K smart POS terminals over the next year, allowing businesses to take all types of payments and provide VAS services like credit and value chain finance and loans to both bank account holders and cash-based clients. Pakistan is a critical growth area for OPay, and we intend to launch a variety of financial solutions based on local needs and lessons learned from our worldwide operations in similar markets.