In a strategic technology partnership, Neem, an embedded finance platform built by fintech entrepreneurs and launched in Pakistan, is joining hands with a global technology house BPC to develop its embedded finance technology stack. Neem is the first fintech enabled by BPC in Pakistan.

Neem’s embedded finance platform enabled by global payments leader BPC

As an emerging financial market, Pakistan has over 200 million individuals and 3.3 million MSME which are underbanked. Embedded finance is globally recognized as the future of financial services and a model with the potential to bridge the financial wellness gap, especially in emerging markets. To further its mission of bringing financial wellness to underbanked communities, Neem selected BPC’s SmartVista platform to power its embedded finance technology infrastructure to offer a seamless user experience for Neem’s partnering communities and their underbanked users. “In BPC, we have a strong technology partner with a deep understanding of the global trends and local market dynamics. We are building our infrastructure together, firstly for Pakistan and then for the emerging markets”, commented Nadeem Shaikh, Co-founder at Neem. As an embedded finance platform, Neem is on a mission to enable full financial wellness for underbanked communities – both individuals and businesses. Neem is seamlessly embedding financial products and services including payments, loans, insurance and others into communities across diverse sectors, including agriculture, MSMEs, e-commerce, fintech, logistics, healthcare, and others.

Jane Loginova, Chief Strategy Officer at BPC, said: “With SmartVista’s powerful backend engine, Neem can create and roll out advanced and unique financial products and services independently on the fly. finance platform, The configurable aspect of the platform means that it can significantly reduce the time to market in launching new services.” Ahson Saeed, Managing Director of BPC in Pakistan, said: “We are building our infrastructure in Pakistan to empower fintechs and use-cases like Neem. We strongly believe that embedding financial services in this way will offer greater financial inclusion and increased reach of financial services to the masses as well as businesses. We’re proud to be partnering with Neem, with a shared vision to enable access to payments and banking services for everyone, whenever and wherever they need it.” Pakistan offers immense opportunities to leverage the power of payments innovation, as the country rapidly transforms into a future-proof economy under the initiative ‘Pakistan the Digital State’, which impacts all industries from agriculture, healthcare, education, commerce to government and financial services. The drive will connect people like never before and help bridge the inequality gaps that previously existed for those shut out of the formal economy.

By Web Team

Technology Times Web team handles all matters relevant to website posting and management.