Our Brand Story

PayFast was formed as a joint venture between Avanza Solutions and Premier Systems. 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.

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

  • Mr. Syed Arshad Raza - Chairman
  • Mr. Shah Arshad Abrar
  • Syed Adnan Ali

Incorporation Number

  • 0096241
  • Authorized Capital
  • 350M RUPEES

SBP Commercial Number Approval

  • PSD.PR/03(viii)/5707/21

COMPANY TIMELINE

INAUGURATION

Avanza Solutions inaugurates “Avanza Payment Services”

2015
2016

FORMATION

Avanza Premier Payment Services (APPS) is formed to enable e-commerce, m-commerce and digital invoicing

PRODUCT LAUNCH

APPS launches PayFast, Instant Bill and SmartConnect services with no integration or monthly costs

2017
2018

LAUNCH

Premier Systems joins as a partner and the company is renamed to “Avanza Premier Payment Services”

IN-PRINCIPLE APPROVAL

In-principle approval from State Bank of Pakistan for necessary accreditation to provide digital services.

2018
2019

PARTNER NETWORK

APPS partners with over 10 banks and 100 merchants to its various services

TPSP OF UPI

APPS registered as Third Party Service Provider of Union Pay International

2019
2020

PILOT APPROVAL

Received Pilot Approval from the State Bank of Pakistan

COMMERCIAL APPROVAL

The First Payment Gateway, and 5th PSO/PSP overall, to receive Commercial Approval from the State Bank of Pakistan.

2021