27.1 C
Islamabad
Friday, March 29, 2024

JS Bank partners with Daraz

Must read

UN court orders Israel to allow unhindered aid to Gaza

"Palestinians in Gaza are no longer facing only a risk of famine, as noted in the order, but that famine is setting in," the...

China warns against tightening of sanctions against DPRK

Xinhua) UNITED NATIONS: A Chinese envoy on Thursday warned against the tightening of sanctions against the Democratic People's Republic of Korea (DPRK). The current situation on...

Chinese premier pledges efforts to promote equipment upgrades, trade-ins of consumer goods

Xinhua BEIJING: Chinese Premier Li Qiang on Thursday pledged to take concrete action to promote large-scale equipment upgrades and trade-ins of consumer goods, in an...

Banks to boost financing, lending to support growth: Finance Minister

Bureau Report Karachi: The Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, convened a significant meeting with the Governor of the State Bank of...

Staff Reporter

KARACHI: JS Bank, one of the fastest-growing Banks in Pakistan, recently signed a strategic partnership with Daraz, the country’s leading e-commerce platform to enhance support to sellers for their business expansion on the Daraz marketplace through the JS Kamyab Jawan Program.

Under this partnership, JS Bank aims to offer businesses loans of up to Rs 25 million to empower the youth under the initiative of the Kamyab Jawan Program. This facility will cater to the existing base of 63,000 plus sellers on the Daraz marketplace and allow them to expand their business operations and manage smooth cash flows with the support of this financing scheme.

The agreement was signed between Atif Salim Malik, Group Head Retail Banking- JS Bank and Syed Zeeshan Ali, Director Digital Payments, Daraz and the signing ceremony was graced by senior officials from both the institutions.

Speaking at the occasion, Atif Salim Malik, said “From 2012, Daraz has come a long way and we are proud to be aligned with the country’s leading e-commerce platform. We look forward to this partnership to help sellers grow their business operations. Through this collaborative effort, we are hopeful to create a long-term positive impact across the e-commerce ecosystem.”

Syed Zeeshan Ali, Director Digital Payments, Daraz commented on the partnership “Daraz continues to strengthen its ecosystem to accelerate growth for its sellers. We are excited to partner with JS Bank to provide financing solutions to Daraz sellers. JS Bank partnership will enable Daraz sellers to get access to capital under JS Bank’s Kamyab Jawan Programme. As sellers continue to grow their business on Daraz, this partnership will facilitate growth through convenient access to capital enabling sellers to invest for future growth. We look forward to working with JS Bank for proving convenient financing solutions to Daraz sellers.”

- Advertisement -JS Bank partners with Daraz

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -JS Bank partners with Daraz

Latest article

UN court orders Israel to allow unhindered aid to Gaza

"Palestinians in Gaza are no longer facing only a risk of famine, as noted in the order, but that famine is setting in," the...

China warns against tightening of sanctions against DPRK

Xinhua) UNITED NATIONS: A Chinese envoy on Thursday warned against the tightening of sanctions against the Democratic People's Republic of Korea (DPRK). The current situation on...

Chinese premier pledges efforts to promote equipment upgrades, trade-ins of consumer goods

Xinhua BEIJING: Chinese Premier Li Qiang on Thursday pledged to take concrete action to promote large-scale equipment upgrades and trade-ins of consumer goods, in an...

Banks to boost financing, lending to support growth: Finance Minister

Bureau Report Karachi: The Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, convened a significant meeting with the Governor of the State Bank of...

Palestine Ambassador calls on President Zardari, congratulates him on assuming office

Spokesman Report Islamabad: The Ambassador of Palestine to Pakistan, Mr Ahmed Jawad Rabei, also called on President Asif Ali Zardari and congratulated him on assuming...