Digitt+, an agri-fintech company, has been granted with a full commercial approval by the State Bank of Pakistan.
This recent achievement marks “the culmination of an exciting journey that began with pilot approval, during which they onboarded 10,000 customers, facilitated transactions of worth PKR 400 million, and processed 85,000 transactions.”
With this full license, Digitt+ is now poised to enhance “the electronic money institution landscape in Pakistan.”
Ahmed Saleemi, CEO of Digitt+ commented:
“Receiving full commercial approval from the State Bank of Pakistan is a testament to our unwavering commitment to innovation and excellence in the fintech industry. We have worked tirelessly to develop cutting-edge technology that empowers our customers, making financial services more accessible and convenient than ever before.”
As reported by local sources, Digitt+ will be introducing its app on a major scale, providing an extensive set of digital financial services to clients.
The Fintech platform is set to be supported in several different languages, such as Urdu, English, Seraiki, as well as Punjabi, according to a report from media outlets.
The platform will be accessible to a wide range of end-users. In addition, Digitt+ will offer audio assistance on transfers, which is meant to make the service more intuitive and user-friendly for consumers with limited financial literacy and/or visual challenges.
As noted in the update, Digitt+ is currently working with various business partners in order to collateralize agri receipts, thus ensuring that farmers are able to get their payments immediately in their Digitt+ wallet, which should ultimately benefit the local farmers.
This offering reportedly includes access to numerous bill payment options along with a debit card that is reportedly usable across Pakistan via ATMs and even POS terminals.
This latest development should help with paving the way for various insurance products that would be ideal for domestic farmers.
The Fintech platform allows for the payment of all four telecom firms within Pakistan, providing mobile packages as well as a number of other services intended to streamline monetary transfers.
