Bank Alfalah at forefront of digitalising payment processing system

Web DeskWeb Editor

04th Aug, 2021. 08:50 pm

KARACHI: Bank Alfalah, Pakistan’s premier financial institution, is at the forefront of digitalising the payment processing system within various businesses across the country, a statement said on Wednesday.

With the introduction of a simple, secure and innovative online payment gateway, the acceptance of online payment transactions for a variety of e-commerce needs has been made easy with Bank Alfalah, it added.

Alfa Payment Gateway (APG) offers key benefits such as instant digital on-boarding, no set up cost or annual fee, lowest per transaction charges, multiple payment modes, all bank credit/debit cards, Bank Alfalah accounts and wallets, 3D secure and fraud management along with the merchant financing.

Bank Alfalah has transformed the merchant on-boarding process by making it digital end-to-end and hassle-free where the merchants can collect payments instantly, the statement said.

APG is for all types of e-commerce merchants, corporates, Small and Medium Enterprises (SMEs) and home-based businesses.

Further, to cater to the needs of the merchants doing businesses on social media platforms and those who do not have a website or app, a “Pay by Link” invoicing system has been developed to facilitate seamless payment collection, it added.

The platform is also technology agnostic, enabling simplified integrations via plug-ins for platforms such as WooCommerce, Magento, OpenCart, PrestaShop and Shopify.

A powerful merchant portal with the user-friendly interfaces, analytical tools and refund/chargeback management is also available.

APG is a comprehensive solution for all digital payment needs that an online business might have.

Commenting on the development, Atif Bajwa, CEO of the Bank Alfalah, said; “The scope of digital banking and e-commerce is growing quite rapidly in Pakistan with the customers gravitating towards online channels in significant numbers. The Alfa Payment Gateway is a fully digital solution for e-commerce sites, social media stores and other businesses to integrate online payment collection through the support of Bank Alfalah’s distinct product portfolio.

 

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