Karachi, Pakistan, March 3, 2025: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, and NymCard, the MENA region’s leading embedded finance provider, have partnered to support financial innovation in Pakistan. Through this strategic collaboration, Faysal Bank and NymCard will provide a Banking-as-a-Service platform to enable fintechs to offer financial services to consumers and businesses.
This partnership marks a milestone in Pakistan’s financial sector by empowering fintechs with a seamless and compliant banking solution. As regulatory requirements necessitate that fintechs work with licensed institutions for offering financial services, Faysal Bank’s support will allow NymCard’s fintech clients to launch and scale their programs efficiently.
This collaboration provides fintechs with a streamlined path to launching financial products backed by Faysal Bank, reducing time to market and ensuring regulatory compliance. Leveraging its extensive expertise in embedded finance, NymCard offers a seamless, modular platform that enables fintechs to effortlessly build, launch, and scale their financial programs. Its API-driven infrastructure removes the complexities allowing fintechs to focus on what they do best, delivering cutting-edge solutions. By joining forces with Faysal Bank, NymCard expands its presence in Pakistan, furthering its mission to drive financial inclusion and digital payments innovation in emerging markets.
“Faysal Bank is committed to fostering fintech growth and enabling innovation within Pakistan’s financial ecosystem,” said Amin Ur Rahman, Chief Digital Officer at Faysal Bank. “By partnering with NymCard, we are ensuring that fintechs have the necessary banking support to scale their operations while adhering to regulatory requirements.”
“Our partnership with Faysal Bank marks a significant step in empowering fintechs in Pakistan with a strong, compliant, and scalable banking infrastructure,” said Nabeel Ahmad, Country Manager, Pakistan at NymCard. “With NymCard’s technology and Faysal Bank’s banking expertise, we are making it easier than ever for fintechs to launch, scale, and innovate in the region.”
For additional information, please contact: Press Relations – press@nymcard.com
About Faisal Bank Limited (FBL)
Faysal Bank Limited is one of Pakistan’s leading Islamic banks, offering a wide range of Shariah-compliant products and services across retail, corporate, and investment banking. With a commitment to innovation and excellence, FBL continues to provide its customers with exceptional banking experiences.
About NymCard:
NymCard is a fintech platform that empowers financial institutions and enterprises with innovative solutions, including digital lending, instant card issuing and processing, and money movement. With a focus on scalability and flexibility, NymCard delivers payment infrastructure tailored to meet the evolving needs of businesses in today’s dynamic financial landscape.
