PayPro, a fintech digital payment platform in Pakistan, said that it had received grant assistance of $46,643 from USAID
PayPro, a fintech digital payment platform in Pakistan, said that it had received grant assistance of $46,643 from USAID. The grant aims to help the startup to digitize small and medium enterprise activity.
The platform was launched in 2019 and has processed more than 70,000 transactions worth over a billion Rupees so far. Dawn reported over 350 merchants are already connected to the platform.
PayPro Chief Executive Officer Ali Janjua called the grant “a testament to the efforts and the potential that the organization has displayed since its inception".
He further said, "As customers in Pakistan begin to accept the new normal, PayPro is making sure to provide them with the tools necessary to perform a diverse range of financial transactions."
The digital platform also provides services to various sectors, including agriculture, education, digital commerce, and healthcare, hospitality.
“With continuous onboarding of merchants, the ever-expanding digital ecosystem is being facilitated by PayPro in a way which will digitize the informal business segment and enable seamless integration for both businesses and customers," the firm said in the press release.