Payment gateways are the hidden heroes of the quickly evolving e-commerce scene, facilitating smooth transactions between merchants and customers. Payment gateways have changed the way we purchase and sell products and services on the internet, from the early days of online shopping to the present era of digital wallets and cryptocurrencies.
The last few years have seen a notable increase in e-commerce activity in Pakistan as more companies are going online in an effort to expand their customer base. Due in large part to rising internet penetration, smartphone use, and changing consumer preferences, Pakistan’s e-commerce industry has grown rapidly. Businesses are using online channels more and more to interact with clients and increase sales as a result of the growth of digital marketplaces and e-commerce platforms.
To facilitate the civilians as well as co-operate level firms there a lot of online payment methods which have been introduced by many companies in Pakistan.
In 2022, it was estimated that more than 20%of Pakistan purchases will be accomplished using a method other than cash. Additionally, from 2020 through 2025, online payment transaction values are likely to grow more than 15%.
As of my last update in January 2022, several payment gateways operate in Pakistan, making possible online transactions for businesses and consumers. Some of the prominent ones include:
Jazz Cash is a Fin-tech company settled in Pakistan which provides a mobile wallet and payment gateway offered by Jazz, among the top telecom providers in Pakistan. It enables customers to pay bills, send money, make payments, and buy online.
EasyPaisa is another popular Fin-Tech built in Pakistan which gives the services of mobile wallet and payment service provider in Pakistan. It offers comparable administrations to Jazz Cash, including bill installments, cash moves, and internet shopping.
Kuickpay is one of the fast and secure online payment platforms providing you the facilities of all credit/debit and cash payments. In a small period of time it has managed to gain the trust of more than 500 schools, housing societies, universities, and e-commerce portals nationwide.
Yet here is another Fin-Tech production in Pakistan which is best for freelancers who face problems when receiving their payments because of the limited options available. They provide a gateway to transferring and receiving payments on time without having to worry about safety.
Speaking of which a lot of Companies in Pakistan has established online payment gateways through wallets, credit/debit card acceptations, account-based transactions and more for both merchants and customers. Some of which are as follows:
UBL Omni is a branchless banking service offered by United Bank Limited (UBL). It gives a scope of monetary administrations, including bill installments, cash moves, and online installments.
Meezan Bank offers online payment solutions for businesses through its payment gateway services. It empowers organizations to acknowledge installments through different channels, including credit/charge cards and web banking.
Habib Bank Limited (HBL) offers a payment gateway service for businesses to accept online payments securely. It upholds different installment techniques, including credit/check cards, web banking, and portable wallets.
Bank Alfalah provides online payment gateway services for businesses to accept payments through multiple channels, including credit/debit cards and internet banking.
Payoneer is a global payment platform that operates in Pakistan, allowing freelancers, businesses, and professionals to send and receive payments internationally.
Get registered today on Kuickpay and avail the exclusive offers and discounts with safe and easy transactions.
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