Karachi, Pakistan October 30, 2025 – Pak-Qatar Group (PQG) announced the signing of a Memorandum of Understanding (MoU) with fintech provider SWICH, designating them as PQG’s official online payment gateway solution. This major initiative is part of PQG’s broader digital transformation strategy, designed to embed a unified, secure and scalable payments infrastructure right across its banking, takaful, investment and financial-services businesses.
According to the contract, SWICH will integrate directly into PQG’s digital ecosystem, offering a single API interface for both collections. The payments interface will support a wide range of methods including credit and debit cards, Wallets, IBFT, 1Bill, direct-debit arrangements and corporate payout mechanisms. This capability is intended to streamline transaction flows, enhance operational efficiency and provide a consistent user experience across all PQG’s participating entities.
In order to ensure a smooth rollout, the agreement outlines a phased deployment plan: initial pilot integration within select critical business units will be followed by rigorous security testing, user-usability trials and full-scale deployment. Both PQG and SWICH will collaborate closely on key concerns such as regulatory compliance, data security, fraud detection and system-scalability. They commit to ongoing iterative refinement of the solution in response to feedback, emerging market demands and evolving fintech standards.
By adopting this advanced payments architecture, PQG expects to reduce payment-friction for its clients, shorten transaction turnaround times and elevate overall customer satisfaction levels. As Pakistan’s financial landscape embraces digitalisation at pace, PQG intends to reaffirm its position as a leader within the Islamic-finance segment by offering modern, reliable and customer-centric digital-financial services.
The partnership also reinforces the broader shift in Pakistan’s payments infrastructure, where fintech entities are playing an increasingly central role in enabling digital financial inclusion and real-time transaction ecosystems. With this collaboration, PQG is positioned to leverage best-in-class technology to meet the needs of its stakeholders and adapt to the fast-moving environment of Islamic finance.
About Pak-Qatar Group:
Pak-Qatar Group stands as Pakistan’s Premier and Pioneer Islamic financial services group, offering a comprehensive range of savings and protection solutions that adhere to the principles of Shariah-compliant finance. With steadfast commitment to excellence and strong emphasis on Islamic values, the group encompasses companies such as Pak-Qatar Family Takaful Limited, Pak-Qatar General Takaful Limited, Pak-Qatar Investment (Private) Limited and Pak-Qatar Asset Management Company Limited.
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