‘HysabKytab’ all set to commence operations in foreign markets

ISLAMABAD: Pakistan’s growing fintech, HysabKytab is all set to commence its operations in the foreign markets aimed at enhancing the exports of the country through an innovative solution for personal finance management.

In a media roundtable, HysabKytab CEO Yasir Ilyas briefed the media about the successful journey of the fintech company which includes the growing uptake of HysabKytab App in Pakistan and different countries and the potential business deals of banks and financial sector in domestic and foreign markets.

The company is already in talks with up to 30 companies mainly banks for its PFM solutions.

Among those financial institutions, 18 of those potential customers belonged to Gulf countries, he told the media.

The management focuses on exportable markets to earn foreign exchange in contrast to various fintech companies operating in Pakistan with a vision to provide services to the domestic market.

The company aimed at promoting the made-in-Pakistan brand as a global success, he remarked.

CEO HysabKytab said the first achievement of the fintech operator was the endorsement from the globally-recognized platform, Temenos Exchange (Marketplace) which listed the product, HysabKytab as a pre-integrated solution with Transact and Infinity.

HysabKytab is the top-notch fintech operator in Pakistan with its App was downloaded by over 700,000 users in more than 160 countries who also carried out over 13 million financial transactions since the launch of the solution.

“The services by the fintech operators are also well-received in the local market with the four major banks have taken us onboard and more banks will do in the future,” Yasir further said.

On an individual level, HysabKytab, the personal financial management platform will assist him/her to maintain a record of the spending which will help his/her to meet the investment and saving targets accordingly. It can help individuals to cut down the expenses of unnecessary items in their daily lives to avoid inflationary pressure. Individuals could get benefits of the solution through HysabKytab App, which is free of cost for them.

As far as security features are concerned, the App is PCI DSS compliant which ensures the protection of Apps from any attempts of a security breach or data hack. The data of the customers are kept confidential and not shared with any party as per policies. The company is working on innovations perpetually hence its features are revised from time to time which will be offered to its customers as well, Ilyas said.

Copyright Business Recorder, 2022