Bank Alfalah and Qist Bazaar boosting Financial Inclusion in Pakistan
Bank Alfalah has reinforced its commitment to financial inclusion by investing an additional Rs55 million in Qist Bazaar, Pakistan’s fastest-growing buy-now-pay-later (BNPL) platform. This investment is part of Qist Bazaar’s Rs800 million Series A funding round, demonstrating strong confidence in its mission to provide easy installment plans for essential purchases.
Bank Alfalah and its Continued Support for Qist Bazaar
Beyond equity investment, the bank has also extended a Rs460 million debt facility to Qist Bazaar. This pre-approved credit line allows the startup to draw funds as needed, ensuring steady growth and expansion.
- 40 branches across 7 cities
- Serving unbanked & underbanked communities
- 75,000+ Pakistanis benefiting from BNPL services
Qist Bazaar’s Expansion & Impact
Qist Bazaar has grown rapidly, helping underserved communities access essential products through easy installment plans. The company’s Series A round is led by Indus Valley Capital, Gobi Partners, and other investors, marking a significant milestone in Pakistan’s fintech landscape.
What Leaders Are Saying
Atif Bajwa, CEO of Bank Alfalah, emphasized the importance of the investment:
“By investing in Qist Bazaar, we are fueling the growth of a dynamic startup and paving the way for innovative payment solutions. These initiatives empower citizens with easy installment options, making financial services more accessible.”
Arif Lakhani, CEO of Qist Bazaar, highlighted its mission:
“With over 75,000 Pakistanis benefiting from our collaboration, we are accelerating financial inclusion. This investment marks another milestone in bridging the financial gap for underserved communities.”
The Future of BNPL in Pakistan
With strong investor backing and a growing customer base, Qist Bazaar is set to redefine financial accessibility in Pakistan. The BNPL model is becoming a key driver of financial inclusion, helping unbanked communities access essential goods without upfront payments.
This partnership between Bank Alfalah and Qist Bazaar is a major step toward a more inclusive and digitally empowered financial future for Pakistan.
