Pak-Qatar Group (PQG) announced the signing of a Memorandum of Understanding (MoU) with fintech provider SWICH, designating SWICH as PQG’s official online payment gateway. This major initiative is part of PQG’s broader digital transformation strategy, designed to embed a unified, secure, and scalable payments infrastructure right across its banking, takaful, investment, and financial services businesses.
According to the contract, SWITCHCH will integrate directly into PQG’s digital ecosystem, offering a single API interface for both collections. The payments interface will support a wide range of methods, including credit and debit cards, Wallets, IBFT, 1Bill, direct-debit arrangements, and corporate payout mechanisms. This capability is intended to streamline transaction flows, enhance operational efficiency, and provide a consistent user experience across all PQG’s participating entities.
To ensure a smooth rollout, the agreement outlines a phased deployment plan: an initial pilot integration within select critical business units will be followed by rigorous security testing, user acceptance testing, and full-scale deployment. Both PQG and SWICH will collaborate closely on key concerns such as regulatory compliance, data security, fraud detection, and system scalability. They commit to ongoing iterative refinement of the solution in response to feedback, emerging market demand, and evolving fintech standards.
By adopting this advanced payment architecture, PQG expects to reduce payment friction for its clients, shorten transaction turnaround times, and improve overall customer satisfaction. As Pakistan’s financial landscape embraces digitalisation at a rapid pace, PQG intends to reaffirm its position as a leader in Islamic finance by offering modern, reliable, and customer-centric digital financial services.
The partnership also reinforces the broader shift in Pakistan’s payments infrastructure, where fintech entities are increasingly playing a central role in enabling digital financial inclusion and real-time transaction ecosystems. With this collaboration, PQG is positioned to leverage best-in-class technology to meet the needs of its stakeholders and adapt to the fast-moving environment of Islamic finance.
