eVavaCars, a globally recognized car transaction platform, and Meezan Bank, Pakistan’s leading Islamic Bank, entered into an agreement to pave the way for providing innovative and efficient financing solutions for car traders in order to facilitate the purchase process for vehicles through VavaCars.
The agreement was signed by Mr. Mujahid Khan, Country Manager, VavaCars and Mr. Syed Tanvir Hussain, General Manager & Head of Commercial Banking at Meezan Bank.
This partnership aims to provide convenience to car traders who otherwise do not have access to financing, thus bridging the gap between banks and traders. Auto dealers having limited financing options will be able to increase their capacity to purchase vehicles from VavaCars through Shariah-compliant financing products offered by Meezan Bank. VavaCars auto-trading partners will enjoy priority status when they apply for financing through Meezan Bank.
“Meezan Bank is excited to join hands with VavaCars to facilitate car traders in purchasing used vehicles from Vavacars. Meezan Bank will use technology platforms to provide complete banking solutions to Car traders and VavaCars. This will be a first-of-its-kind partnership to promote the trade of used vehicles in Pakistan and we are optimistic that Meezan Bank and VavaCars will jointly play a vital role in its success”, said Syed Tanveer Hussain, General Manager & Head Commercial Banking, Meezan Bank Limited.
VavaCars launched its operations in Pakistan in 2020 and offers a fast and secure way for consumers to sell their car in 3 easy steps:
- Free Valuation
- Free Inspection
- Secure Payment
For Dealers, the VavaCars platform has been designed to make the process of buying cars as fast, secure and painless as possible by
- Searching the Vehicle
- Placing bids
- Getting the car
VavaCars’ vision is to become the world’s most trusted car transaction platform.
VavaCars comes from a global group founded over 50 years ago, focused on the energy sector. Worldwide, the group is invested in over 5,000 fuel stations, five oil refineries and 18 million cubic meters of storage for petroleum products, as well as other energy infrastructure, including ships. VavaCars is also operational in Turkey.
Fantastic items from you, man. I have have in mind your stuff prior to and you’re simply too fantastic. I actually like what you’ve obtained right here, really like what you’re stating and the way in which through which you assert it. You make it enjoyable and you continue to care for to stay it wise. I can’t wait to read far more from you. This is really a terrific site.
This is very interesting, You’re a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your great post. Also, I’ve shared your website in my social networks!