Our Brand Story
We’re a financial technology company that’s passionate about payments and we’ve set out on a path to change the way Pakistanis make everyday transactions. We’ve achieved many hard earned milestones in our service towards our country’s shift towards digitization and financial inclusion, and we can proudly state that our journey has only just begun.
Vision Statement
PayFast believes in our country becoming a cashless economy and placing its name on the global fintech landscape
Mission Statement
Our mission is to help Pakistanis avail the benefits of digital payments and driving the digital payment landscape in the country.
To support them by capitalizing on the opportunities at hand and maximize their outreach by giving them an easy, safe, secure, and reliable single payment gateway solution.
To achieve and surpass the international standards of compliance and ensure prime customer satisfaction and facilitation of our partners.
Key Facts
Board of Directors
- Syed Arshad Raza - Chairman
- Shah Arshad Abrar
- Syed Adnan Ali - CEO
Incorporation Number
- 0096241
Authorized Capital
- PKR 350M
SBP Commercial Approval for PSO/PSP
- Date: 21 May 2021
- Letter No. PSD.PR/03(viii)/5707/21
COMPANY TIMELINE
NEW OFFICE
PayFast moves its headquarters to technology hub, NASTP
2023
2023
PAYFAST LAUNCHES SUBSCRIPTIONS
PayFast launches a new product: PayFast Subscriptions
1 BILLION GMV
PayFast achieved a significant milestone of 1 Billion Gross Merchandise Value (GMV)
2022
2022
VISA PARTNERSHIP
PayFast became the first gateway to partner with Visa
COMMERCIAL APPROVAL
The First Payment Gateway, and 5th PSO/PSP overall, to receive Commercial Approval from the State Bank of Pakistan.
2021
2020
PILOT APPROVAL
Received Pilot Approval from the State Bank of Pakistan
LAUNCH
Premier Systems joins as a partner and the company is renamed to “Avanza Premier Payment Services”
2018
2018
IN-PRINCIPLE APPROVAL
In-principle approval from State Bank of Pakistan for necessary accreditation to provide digital services.
TPSP OF UPI
APPS registered as Third Party Service Provider of Union Pay International
2019
2019
PARTNER NETWORK
APPS partners with over 10 banks and 100 merchants to its various services
PRODUCT LAUNCH
APPS launches PayFast, Instant Bill and SmartConnect services with no integration or monthly costs
2017
2016
FORMATION
Avanza Premier Payment Services (APPS) is formed to enable e-commerce, m-commerce and digital invoicing
INAUGURATION
Avanza Solutions inaugurates “Avanza Payment Services”
2015
