Digitt+, a pioneering Electronic Money Institute licensed under the State Bank of Pakistan, has taken a significant step forward in financial technology by announcing its Banking as a Service (BaaS) partnership with RIZQ by ROZEE. This collaboration with a premier fintech specializing in financial wellness for professionals marks a critical evolution in delivering financial services, leveraging Digitt+’s innovative Open API framework.
Digitt+’s robust open API infrastructure empowers RIZQ to integrate a wide array of financial transactions directly into its application. This includes Inter Bank Fund Transfer (IBFT) payments, mobile top-ups, and bill payments. By embedding these financial services seamlessly, RIZQ enhances the user experience on its platform.
With Digitt+’s BaaS platform, RIZQ can now offer sophisticated financial functionalities without the need to develop these services internally. This approach accelerates the delivery of new services, ensuring they are secure, efficient, and adhere to international best practices. Additionally, users can trust that their sensitive financial information is protected against cyber threats, providing peace of mind as they utilize the combined innovative services of Digitt+ and RIZQ.
Ahmed Saleemi, CEO of Digitt+, commented on the integration: “Through our open API framework, we enable RIZQ to transcend traditional financial boundaries, offering an embedded financial experience that is both seamless and secure. In addition, our BaaS solution underscores our commitment to innovation and our role as enablers in the fintech ecosystem.”
Moreover, this partnership allows RIZQ to offer enhanced financial services such as participating in saving circles, smart budgeting, scheduling payments, and more. Powered by Digitt+’s technological prowess, RIZQ provides personalized financial recommendations, facilitating a smarter and more responsive user experience.
S. H. Kazi, CEO of RIZQ, shared his perspective: “Collaborating with Digitt+ through their BaaS model has enabled us to leapfrog traditional development timelines and integrate comprehensive financial services directly into our app. This is a game-changer for us, providing enhanced value to our users and helping them achieve financial wellness more efficiently and securely.”
Digitt+ continues to offer a wide range of financial solutions, supporting over 2,500 billers for convenient payments, along with innovative services tailored for the agricultural and business sectors. Furthermore, the partnership with RIZQ underscores Digitt+’s commitment to expanding financial accessibility and enriching the fintech landscape.
