PayFast, the first payment solution in the country to receive Commercial Approval from the State Bank of Pakistan for payment gateway services, is pleased to announce that the retail giant Bonanza|Satrangi has joined its growing list of partner merchants. The partnership will allow the fashion brand to accept digital payments through multiple channels on its E-commerce website.
PayFast allows merchants to receive payments from their customers through various methods, such as bank accounts, mobile wallets and international and domestic scheme debit and credit cards. The gateway functions with the utmost security, mitigating loss for its merchants through industry standard fraud detection and PCI-DSS compliance. The company works under four verticals, providing modern digital payments acceptance to Pakistani merchants, freelancers, corporate entities and retailers.
With over 40 years of experience, Bonanza|Satrangi continues its legacy of providing superior fabric, value for money and trendsetting apparel to its consumers. It all began in 1976 when the textile industry had not even flourished to its complete potential, that Bonanza initiated ready-made winter wear, particularly knits for men, women and children. Today, with over 80+ outlets across Pakistan, Bonanza stands as an enormous textile giant, offering one-stop clothing solution to its customers, with is wide range of categories, including Men’s Formal Clothing, Knits and Ethnic Wear, Women’s Unstitched, Ready to Wear and Beauty & Fragrances.
Adnan Ansari, Chief Business Officer – PayFast, said in a statement, “Although the company has been operating in Pakistan for decades, Bonanza is constantly innovating and bringing in change in order to stay with the times. With this partnership, PayFast will be able to provide the company’s large customer base with safe, cashless transactions. We welcome Bonanza as our newest signee on our journey towards making digital payments the norm.”
Nida Siddiqui, Head of E-commerce- Bonanza|Satrangi said in a statement, “We believe in providing seamless user experience and easy payment solutions to our customer base. We look forward to being more inclusive and offer ease of shopping to our valued patrons through this partnership with PayFast.”