OLX Mall, OLX Pakistan’s e-commerce platform, partners with Silkbank to offer credit card customers convenient installment plans.

KARACHI, Pakistan: OLX Mall, OLX Pakistan’s e-commerce platform has partnered with Silkbank Limited to offer users the added convenience of the ‘Buy Now, Pay Later’ plan. With this alliance, Silkbank credit card customers will be able to shop online from OLX Mall and convert their transactions into installment plans with zero markup for up to 6 months.

The signing ceremony was held at OLX head office. OLX Pakistan Country Manager E-Commerce Mr. Umair Munir; OLX Pakistan Head of Partnerships Alliances Mr. Syed Salman Bukhari; Silkbank Head Alliances, Loyalty & New Initiatives Mr. Nouman Butt; and Silkbank Regional Manager Loyalty & Alliances Mr. Kaleem Sheikh.

“Witnessing the growing trend of online shopping in Pakistan, we found it imperative to align our strategic goals with the intention of providing convenience to our Credit Card customers. This promising partnership allows us to serve our customers better,” Silkbank Head Alliances, Loyalty & New Initiatives Mr. Nouman Butt commented.

“It is an absolute privilege to be able to strengthen our vision of providing unparalleled online shopping solutions by signing an agreement with Silkbank Limited, the bank that is a mark of innovation and excellence when it comes to credit cards in the country,” OLX Pakistan Country Manager E-Commerce Mr. Umair Munir said.

The agreement will allow the partners to deliver an integrated response to market requirements in order to facilitate the mass adoption of e-commerce.

“Efficient, secure, and easy payment solutions are the game-changer for the mass adoption of E-commerce in Pakistan,” OLX Mall Head of Alliances and Affiliates Mr. Salman Bukhari said.

“Only with such synergies and financial institutions integrations, we can develop a friendly and productive ecosystem that will drive Pakistan into the new retail revolution.”

About OLX Mall:

OLX has been operating in Pakistan since 2009 and has built a leading destination for buying, selling, and exchanging products and services, becoming the number 1 marketplace in the country. Earlier in 2020, OLX Pakistan became a part of EMPG, valued at USD1 billion, thus forming a proud Pakistani unicorn.

OLX Mall is an E-Commerce platform under the OLX banner that provides consumers the opportunity to buy brand new products online, choosing from a wide range of categories including mobiles, electronics, appliances, gaming consoles, computers, lifestyle, health and beauty. It offers express delivery on a variety of products in key cities and an exclusive last mile solution employing OLX Move. Maximum customer convenience is ensured through customer support 7 days a week and a 14-day return option.

For more information, visit www.olx.com.pk/mall

About Silkbank:

Silkbank is a scheduled commercial bank listed on all stock exchanges in Pakistan with its Central Office in Karachi.

On March 31, 2008, a Consortium comprising International Finance Corporation, Bank Muscat S.A.O.G, Nomura European Investment Limited, and Sinthos Capital Advisors (led by Mr. Shaukat Tarin and Mr. Sadeq Sayeed) acquired a majority stake in Saudi Pak Commercial Bank Limited, which was subsequently rebranded as Silkbank Limited on June 1, 2009.

The Bank provides financial services via 111 branches located in 39 cities throughout the country and offers a range of retail, consumer, corporate, and Islamic products. As of today, Silkbank is one of the country’s most dynamic banks with a strengthened retail banking arm.

Excellence is what we aspire for, live, and deliver.

Silkbank recently received the “International Bankers Award” for Best Innovation in Retail Banking in 2020. As of today, Silkbank is proud to be one of Pakistan’s most dynamic banks with a strengthened retail banking arm. Silkbank has completed a decade in the banking industry and continues in our commitment to service quality, bringing the most innovative banking products and services to our customers. Excellence in service quality remains at the core of our business philosophy, while ensuring that our products and processes cater to the diversified financial needs of our valued customers.