In a bold move to transform the fintech landscape, Digitt+, Pakistan’s first agri fintech and an electronic money institute, has partnered with Covalent, pioneers in SAAS/PAAS and a joint venture between Access Group and TPS, to launch “Zariya.” This innovative platform empowers startups and fintechs with advanced Banking as a Service (BAAS) solutions.
Zariya aims to redefine market standards with its comprehensive tech stack offered on a flexible pay-as-you-grow model, ensuring the fastest time to market in the region. Its robust suite includes white-labeled mobile apps, digital onboarding, digital wallets, card issuing, and a wide array of services such as seamless funds transfers, bill payments, a generative AI chatbot, and digital cheque signature verification.
The platform also integrates advanced systems for supply chain payments digitization, collections management, payroll processing, and comprehensive fraud and risk management.
“Zariya represents a strategic milestone in our effort to democratize advanced digital financial tools,” said Mr. Umer Butt, Chief Digital Officer at Digitt+. “Our collaboration with Covalent leverages our sophisticated in-house technology and Covalent’s extensive expertise to deliver unparalleled solutions that are both innovative and accessible.” Haris Waheed, Chief Operating Officer at Covalent, added, “Our joint venture underscores our commitment to technological excellence and customer-focused innovation. Zariya is designed to exceed the dynamic needs of modern startups and fintechs, facilitating growth and scalability.”
Moreover, this partnership leverages Digitt+’s experience in developing cutting-edge microservices technology and Covalent’s prowess as a SAAS/PAAS powerhouse to set new benchmarks in the fintech sector.
