Bank Alfalah, recognized for its digital excellence, has launched ‘Alfa Business – Merchants Payment Solutions’ to accelerate digitisation among millions of merchants in Pakistan. This initiative aims to transition merchants from cash to digital payments, promoting a cashless economy.

Alfa Business provides a comprehensive digital payment platform for businesses of all sizes, featuring payment acceptance, sales monitoring, invoicing, digital bookkeeping, instant Raast QR issuance, and access to finance. Supported by ‘Digital Payment Centres’ in major cities, these centres serve as hubs for merchants onboarding digital platforms, offering services like high-limit ATMs, cash deposit machines, and instant cheque deposits.

Chief Digital Officer Muhammad Yahya Khan emphasized the importance of digitizing commerce at the grassroots level for economic growth. The Alfa Business App integrates payment acceptance, business management, and financing, offering features such as QR payments, digital khata management, instant financing based on transaction history, and more, empowering merchants to expand their businesses.