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JS Bank and Daraz partner to offer financing facility to sellers

Karachi, June 22, 2022: JS Bank, one of the fastest-growing Banks in Pakistan, recently signed a strategic partnership with Daraz, the country’s leading e-commerce platform to enhance support to sellers for their business expansion on the Daraz marketplace through the JS Kamyab Jawan Program.

Under this partnership, JS Bank aims to offer businesses loans of up to Rs 25 million to empower the youth under the initiative of the Kamyab Jawan Program. This facility will cater to the existing base of 63,000 plus sellers on the Daraz marketplace and allow them to expand their business operations and manage smooth cash flows with the support of this financing scheme.

The agreement was signed between Atif Salim Malik, Group Head Retail Banking- JS Bank and Syed Zeeshan Ali, Director Digital Payments, Daraz and the signing ceremony was graced by senior officials from both the institutions.

Speaking at the occasion, Atif Salim Malik, said “From 2012, Daraz has come a long way and we are proud to be aligned with the country’s leading e-commerce platform. We look forward to this partnership to help sellers grow their business operations. Through this collaborative effort, we are hopeful to create a long-term positive impact across the e-commerce ecosystem.”

Syed Zeeshan Ali, Director Digital Payments, Daraz commented on the partnership “Daraz continues to strengthen its ecosystem to accelerate growth for its sellers. We are excited to partner with JS Bank to provide financing solutions to Daraz sellers. JS Bank partnership will enable Daraz sellers to get access to capital under JS Bank’s Kamyab Jawan Programme. As sellers continue to grow their business on Daraz, this partnership will facilitate growth through convenient access to capital enabling sellers to invest for future growth. We look forward to working with JS Bank for proving convenient financing solutions to Daraz sellers.”

With this collaboration, JS Bank intends to support financial assistance to the ever-growing e- commerce industry of Pakistan, while maintaining ease and convenience for its customers.

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