KARACHI: JS Bank one of the fastest-growing banks in Pakistan has entered into an agreement with AdalFi, a digital lending fintech with the aim to provide real-time order financing to SME Merchants nationwide.
The agreement was signed between Atif Saleem, Group Head Retail Banking JS Bank, and Salman Akhtar, CEO AdalFi along with the senior management from JS Bank and AdalFi.
On the occasion, Atif Saleem said, “It’s a pleasure to have AdalFi on board with us. This new relationship is based on a joint commitment to ensure that the lending opportunities are widely available for SME Merchants and retailers in Pakistan. This partnership will provide retailers and SME merchants with diversified lending options and a smooth banking experience which is at the heart of JS Bank’s ethos.”
Salman Akhtar said, “We are delighted to partner with JS Bank. Our Digital Lending Platform provides AI-based credit scoring and real-time digital lending customer journeys. We are confident that JS Bank, with its focus on SME lending, will significantly improve access to credit across Pakistan.”
Copyright Business Recorder, 2022