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JS Bank & Daraz team up to provide financing facility to online sellers

Through the partnership, JS Bank aims to offer businesses loans of up to Rs25 million to empower youth under its Kamyab Jawan Program. The facility would cater to an existing base of 63,000 plus sellers on the Daraz marketplace.

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JS Bank, one of the fastest-growing banks in Pakistan, has signed a strategic partnership with Daraz, the country’s leading eCommerce platform, to enhance support to sellers for their business expansion on the Daraz marketplace through JS Kamyab Jawan Program.

Through the partnership, JS Bank aims to offer businesses loans of up to Rs25 million to empower youth under its Kamyab Jawan Program.

The facility would cater to an existing base of 63,000 plus sellers on the Daraz marketplace and allow them to expand their business operations and manage smooth cash flows with the support of the financing scheme.

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Atif Salim Malik, group head of Retail Banking- JS Bank, and Syed Zeeshan Ali, director of Digital Payments, Daraz signed the agreement. Senior officials from both institutions attended the signing ceremony.

Speaking at the occasion, Atif Salim Malik, said “From 2012, Daraz has come a long way and we are proud to be aligned with the country’s leading e-commerce platform. We look forward to this partnership to help sellers grow their business operations.”

“Through this collaborative effort, we are hopeful to create a long-term positive impact across the e-commerce ecosystem,” he added.

Syed Zeeshan Ali commented on the partnership, “Daraz continues to strengthen its ecosystem to accelerate growth for its sellers. We are excited to partner with JS Bank to provide financing solutions to Daraz sellers. JS Bank partnership will enable Daraz sellers to get access to capital under JS Bank’s Kamyab Jawan Programme.”

Read more: JS Bank wins JP Morgan award for outstanding services

Pertinent to mention, JS Bank has been recognized and lauded by former Prime Minister Imran Khan for its contribution to the Kamyab Jawan program. In a bid to empower the youth, JS Bank provided value-added financial offerings and services to build entrepreneurial spirit. Recently, it achieved the milestone of disbursing Rs. 8 billion in loans under the Kamyab Jawab program.