Episode 20: Mashable Pakistan Lab – Bayfikr
Description
Bayfikr is a fintech platform for overseas Pakistanis to pay bills to Pakistan bank accounts.
It is currently incubated with the National Incubation Center (NIC), and was founded by two expats out of sheer frustration over the lack of control, inconvenience, unintentional delays, and additional legwork required by Pakistanis abroad in sending money back to the country.
Currently, Bayfikr is in the final stages of launching a unique and user friendly payment app, integrating almost all Pakistani billers and businesses. Through the app, a user can simply select the bill they want to pay using his/her foreign bank account or card, and the payment will be made instantaneously. The company currently has presence in the UK, UAE and Pakistan and has signed strategic tie ups with banks, payment gateways and compliance partners. They also plan to expand to other parts of the globe very soon.
United States
