The payment method plays a crucial role in the success of last-mile delivery companies. Cheetay customers can now use Mastercard QR as their payment method when ordering through Cheetay’s app. Once the order has been delivered, the rider will generate a dynamic Mastercard QR in accordance with the receivable amount and the customer will only have to scan the unique QR code with their Alfa to make the payment.
Bank Alfalah and Cheetay Logistics Pvt. Ltd signed a memorandum of understanding (MoU) to work on the digitization of payments. The partnership will allow Cheetay, the fastest-growing NOW-Commerce platform, to accept payments through Mastercard QR.
Bank Alfalah, one of Pakistan’s leading banks and pioneer in financial technology, continues the digitalization of services through mobile technology in the country. Enabling financial transactions through QR codes through mobile phones will allow customers to enjoy the convenience of cashless payments, where a dynamic QR code will be digitally generated according to the customer’s invoice in the user’s application.
In addition, with Bank Alfalah as a payment technology partner, Cheetay will now be able to accept payments not only through Alfa but through 25 other digital banking applications used throughout the country.
In addition to this, Bank Alfalah is also integrating Alfa Payment Gateway (APG) with Cheetay online platforms, which will enable customers to use their Alfa Wallets and Bank Alfalah accounts to prepay for their orders securely and seamlessly. This is yet another step forward, towards Bank Alfalah’s goal of digitizing payments and will further enable Cheetay to extend its consumer reach and increase the transparency of transactions.
The Group Chief, Digital Banking Group, Banco Alfalah, Mr. Yahya Khan said: “We are happy with this strategic partnership with Cheetay. Being a defender of the OneQR concept, we have enabled Cheetay technologically to accept QR payments from any financial application ; minimizing the handling of cash, the digitalization of daily payments and paving the way for financial inclusion.At the center of this innovation is the end consumer who will enjoy a secure and cashless transaction experience that we believe is essential for the growth of the e-commerce industry in Pakistan. “
“We are the first NOW-Commerce platform to offer secure payments from Mastercard QR. Customers can now enjoy trouble-free shopping with Cheetay and Bank Alfalah, ”said Ayesha Jalil, Alliance Manager at Cheetay. “This partnership will pave the way for other e-commerce players to simplify and digitize their payment process.”
“Cheetay is an innovative and technological company known to many of the first in the industry,” said Cheetay CEO Majid Khan. “Electronic payments are the way forward for NOW-Commerce companies and we are partnering with Bank Alfalah to offer a technological solution to a critical point in the industry. A perfect online shopping experience is the much needed boost towards a Pakistan with digital capability. “