KARACHI: Bank Alfalah and Yayvo.com signed a Memorandum of Understanding, allowing Bank Alfalah customers to conveniently purchase items from one of Pakistan’s biggest e-commerce stores, further enhancing the scope of e-commerce and digital payments in the country.
Yayvo.com will integrate Bank Alfalah’s payment gateway and power Bank Alfalah’s Orbit Mall for the bank’s loyalty customers, account and card holders. Under this agreement, Bank Alfalah customers will be also able to redeem Orbit reward points and also use Bank Alfalah Accounts and Credit Cards on the revamped Orbit Mall. In addition to providing ease of payment and quick delivery, this will greatly enhance the range of items customers can purchase with their reward points and other payment instruments, as well as opening up many more avenues of collaboration in the future.
Speaking at the signing ceremony, Nauman Ansari (CEO, Bank Alfalah) said, “This partnership highlights how both organisations have effectively capitalized on their strengths, increasing the range of choices that customers have. With Bank Alfalah’s payment gateway integrated into Yayvo’s e-commerce space, customers now have access to thousands of products which can be purchased via easy e-payment options.”
M.A . Mannan (President & CEO, TCS Holdings) said, “Yayvo.com is one of Pakistan’s fastest growing ecommerce companies which is utilising TCS’s delivery expertise and reach to make our customers live easy, simple and convenient for all their purchasing needs. Our partnership with Bank Alfalah will mark an important step in making online purchasing a trusted and secure option for all customers.”
Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the country. The Bank has a network of 650 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1.5 million corporate, retail, small business, agricultural, Islamic and asset financing customers.
Yayvo was launched in September 2015, by TCS to move a step ahead in the journey of delivering beyond customer expectations. Yayvo strives to be Pakistan’s most customer-focused company, with an emphasis on bringing the latest, fastest to all its customers! The website has over 6 million pageviews a month, with a 15% month-on-month growth rate in order base. In the last year alone, Yayvo has increased its orders by 588%, attracting over 800,000 new visitors every month.