Karachi: On March 26, 2019, an agreement signing ceremony was held between NBP Funds and Paysys Labs at NBP Funds head office in Karachi. Under this arrangement, Paysys Labs will provide Digital Banking platform which will enable NBP Funds to manage issuance of Debit cards to it’s customers as well as integrate different digital channels with the financial ecosystem. Paysys Labs will provide it’s OpenConnect financial middleware platform which will allow NBP Funds to open up new avenues for customers to make investments in NBP Funds products.
Mr. Karim Jindani, CEO Paysys Labs signed the agreement and stated “For Paysys Labs it’s always about giving our clients opportunity to be adaptive to changing customer’s behavior. As a FINTECH enabling financial service providers, we believe in providing solutions that create value for our clients. Open Connect Suite of products allows Asset Mangement and Mutual Fund Companies the ability to digitize services for existing customers and to onboard new customers. We are extremely excited to be part of this initiative and hope this association with NBP Funds goes a long way in promoting financial inclusion in Pakistan. Mr. Ali Abbas Sikander Co-founder and Chairman, Paysys Labs was also present on the occasion.