PayFast and AIIT Solutions announce strategic partnership for the facilitation of online payments acceptance
Avanza Premier Payment Services, Pakistan’s fastest-growing fintech, and AIIT Solutions are pleased to announce they have entered into a strategic partnership, combining AIIT Solutions’ industry-leading IT and Cloud services with PayFast’s diverse and 3D Secure Online payments gateway. Through this partnership, AIIT Solutions will act as an aggregator, and its vast client ecosystem will join PayFast’s online payments ecosystem.
Holding Pilot Operations approval from the State Bank of Pakistan (SBP) under PSO/PSP regulations, PayFast allows merchants to receive payments from their customers through a diverse range of methods, including bank account numbers, mobile wallets, and scheme cards. The gateway is a certified PCI-DSS solution, which is an industry-standard throughout the world for digital security, and mitigates fraudulent transactions through Guardian, its in-house Fraud Risk Management System (FRMS). Along with this, PayLinks, a digital billing and invoicing solution ideal for FB, merchants, freelancers, etc. allows acceptance of payments simply via a unique link.
AIIT Solutions believe that businesses are now expanding exponentially, so technology needs to run the businesses. AIIT Solutions provides Managed IT Services, Web Development, Infrastructure Deployment, and Network Operation Centre Services with cutting-edge technologies so that our clients can focus on core business operations. AIIT Solutions is an authorized partner for Lenovo, Papercut, Poly, and Zoho in Pakistan.
Mr. Adnan Ansari, CBO of Avanza Premier Payment Services, said in a statement, “AIIT Solutions is a well-renowned player in the IT market, with a number of diverse web-based services and a formidable list of clientele. With this agreement, we aim to provide a greater deal of acceptability in Pakistan’s payment industry.”
Mr. Ahmad Latif, CEO of AIIT Solutions, said in a statement that, “Pakistan has diverse IT market full of opportunities but the challenging part was a reliable e-payment system which I think will now be available for everyone. With this agreement, our clients will now have access to a reliable e-payment system to accepts payments from not only Pakistan but from the rest of the world.