KARACHI: Commerce Plex, wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with Faysal Bank Ltd to seamlessly integrate fintech innovation with banking expertise.

This strategic alliance aims to provide increased efficiency and transparency in remittance services. With roots originating in UK and licensed and regulated as Foreign Money Services Business by FINTRAC in Canada, Commerce Plex is committed to supporting Pakistan's remittance landscape by further improving inflow of USD into Pakistan through government-approved channels. Yassir Pasha co-founder-CEO of Simpaisa declared, "This partnership is set to significantly boost inflow of foreign currency, unlocking wealth of new opportunities for dollar and other foreign exchanges to fuel our nation's economic growth and development. By championing financial inclusion, we are empowering individuals, freelancers, influencers and content creators, while supporting conventional home remittances. Together, we are committed to building stronger, more prosperous Pakistan and excitement is undeniable!"