Quwat Services Private Limited (QSPL) announced a strategic partnership with Bank Alfalah, naming the bank its official settlement bank partner as part of a nationwide rollout aimed at financial inclusion for every Pakistani.
The deal merges Bank Alfalah's transaction banking and cash-management platform with QSPL's high-speed digital infrastructure. Using the bank's institutional liquidity routing and real-time reconciliation, QSPL will enhance its corporate cash collection engine, while integration with the State Bank of Pakistan's Raast instant payment system will enable frictionless, instant, low-cost digital settlements at large scale.
"We aren't just participating in the market; we are restructuring it," said Muhammad Saad Khan, CEO of Quwat Services Private Limited. "True financial inclusion requires unyielding institutional trust and real-time payment rails. Partnering with Bank Alfalah to power our corporate collections and Raast infrastructure proves that when elite fintech agility meets institutional power, industry standards are rewritten overnight."
The collaboration represents a significant step in QSPL's rapid growth, promising enhanced security, speed and scale for Pakistan's financial future.
