KARACHI: Bank Alfalah and Adal Fintech, a Techlogix subsidiary focused on ‘digital financing’, have collaborated to offer digital supply-chain financing all over Pakistan. The scope of this alliance is to extend digital lending facility to retailers in coordination with their suppliers. This enables the retailer to opt for financing facility on the real-time basis, a press release said.

Bank Alfalah President & CEO Atif Bajwa said the collaboration demonstrated the bank’s continued commitment to work with Fintechs and invest into innovative ventures in the digital sphere that are promising and also to provide ease of use for our customers.

Adal Fintech CEO Salman Akhtar said the solution will offer real-time access to lending and will help in significantly expanding the access to credit for the SME sector in Pakistan.

Published in Dawn, November 5th, 2021