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Zindigi and Visa Forge Strategic Partnership to Elevate Payment Solutions

07:12 PM | 1 Dec, 2023
Zindigi and Visa Forge Strategic Partnership to Elevate Payment Solutions

Zindigi powered by JS Bank signs agreements with Visa, a global leader in digital payments, to introduce innovative payment solutions in Pakistan. This collaboration is a major achievement for both companies, to provide customers with cutting-edge and effortless payment solutions.

Visa's extensive global presence in over 200 countries and territories, with over 4.2 billion cards issued worldwide and accepted at more than 100 million merchants, makes it an ideal partner for Zindigi. By combining Zindigi's expertise in financial technology with Visa's established network, this collaboration promises to revolutionize the way people transact and manage their finances.

This strategic partnership will enable Zindigi to offer a diverse range of products and services to its customers. Zindigi's range of card products will encompass both physical and virtual debit and prepaid cards, offering customers enhanced flexibility and convenience when conducting their financial transactions. Additionally, Zindigi will offer Banking as a Service (BAAS) to its partners, empowering them to deliver tailored financial solutions to their own customers.

An outstanding customer experience is at the forefront of this collaboration. Users of the Zindigi app will enjoy a seamless and intuitive interface, granting them the freedom to make payments directly from their mobile phones. This convenient and secure payment experience will enhance overall transaction efficiency.

Moreover, Zindigi and Visa will jointly provide Credentials Issuance and Acceptance services. This will enable businesses of all sizes to accept Visa payments through various channels, including online platforms and physical stores. The seamless integration of Visa's global payment network with Zindigi's advanced technology will drive growth and expand opportunities for businesses globally.

During the signing ceremony, Meena M. Khan, Chief Product and Marketing Officer Zindigi, expressed her excitement about the collaboration with Visa, highlighting its transformative impact on Pakistan's financial landscape. She emphasized the shared vision of both companies to deliver innovative payment solutions, enabling seamless transactions. Khan also highlighted their commitment to superior customer experience and the partnership's role in driving economic growth and business opportunities.

Umar Khan, Pakistan Country Manager at Visa asserted that this strategic partnership will introduce new solutions and enhance customer experiences, in alignment with Visa’s vision to improve digital payment options and cultivate a convenient and secure environment for electronic transactions. affirming Visa’s commitment to support it’s partners through providing innovative and reliable solutions and exceptional benefits that facilitate a seamless transition for customers, making digital payments an intuitive and preferred choice. 

Visa Inc. 

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 3, 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 3, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 3, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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