Neem, an embedded financial platform created by fintech entrepreneurs and released in Pakistan, is teaming up with a major technology company, BPC, in a strategic technological relationship to build its embedded finance technology stack.
Neem is the first fintech in Pakistan that BPC has enabled.
Pakistan has more than 200 million people and 3.3 million MSMEs that are underbanked, making it a developing financial market. Embedded finance is widely acknowledged as the financial industry’s future. As a concept with the ability to close the financial wellness gap, particularly in developing nations.
Neem chose BPC’s SmartVista platform to power its embedded finance technology infrastructure. In order to provide a smooth user experience for Neem’s partnered communities and their underbanked residents. While furthering its aim of delivering financial health to underbanked communities.
We have a great technological partner in BPC who has a thorough understanding of both local and worldwide business dynamics. Nadeem Shaikh, Neem’s co-founder, said, “We are creating our infrastructure together, first for Pakistan and subsequently for the rising markets.”
Neem is an embedded finance platform that aims to provide underbanked communities, including both individuals and businesses, with comprehensive financial wellness.
Neem is seamlessly integrating financial services and products into communities across a variety of industries. These include agriculture, MSMEs, e-commerce, fintech, logistics, healthcare, and others.
“At BPC, we aspire to solve major consumer and corporate concerns by providing a bridge between real life and digital. Enabling real-life transactions,” stated Jane Loginova, Chief Strategy Officer at BPC. As a result, I am incredibly honored that BPC has been picked by Neem’s founding team as its technology partner to carry out its goal for financial well-being.”
Neem’s unique perspective on financial services, she continued, “will alter the lives of many people across Pakistan. Enabling access to payments and banking services for everyone, whenever and wherever they need it.”
BPC’s managing director for Pakistan, Ahson Saeed, stated: “We are developing our infrastructure here to support fintech and use-cases like Neem’s. We are confident that integrating financial services in this way will expand both the general public’s access to financial services and their reach among enterprises. We are pleased to collaborate with Neem in this area.”
As Pakistan rapidly transforms into a future-proof economy under the initiative “Pakistan the Digital State”. It will affect all industries from agriculture to healthcare and education. As well as commerce to government and financial services, the country presents enormous opportunities to leverage the power of payment innovation.
This collaboration is the first stage in developing a special financial technology infrastructure. It will be launched in Pakistan and expanded to larger emerging countries to produce goods and services for underbanked communities.
Visit CxO Global FORUM or CxO News Live for all the latest updates.
