ISLAMABAD:Telenor Pakistan, in collaboration with Kistpay, a leading smartphone financing platform in Pakistan, has announced a partnership aimed at providing affordable smartphone financing solutions to a large number of customers.
The two companies held a signing ceremony to commemorate the occasion, attended by prominent figures including Irfan Wahab Khan, CEO of Telenor Pakistan, Asif Jafri, CEO of Kistpay, and Julian Gorman, Head of APAC Region GSMA, with Saira Faisal, Country Lead, and Jeanette Whyte, Head of Public Policy APAC GSMA, participating virtually to highlight the significance of the partnership.
One of the key highlights of this collaboration is the introduction of Shariah-compliant smartphone installment plans, specifically designed to cater to Telenor’s extensive customer base in Pakistan.
The partnership aimed to provide an inclusive solution for individuals from middle and low-income segments, promoting smartphone ownership through user-friendly, interest-free financing options that align with Shariah principles. By making the purchase of smartphones convenient and affordable, this collaboration seeks to further the digitization efforts in the country and empower communities.
Expressing his views on the partnership, Irfan Wahab Khan, CEO of Telenor Pakistan, said “We are dedicated to forming impactful partnerships that enhance the lives of our customers. Our collaboration with Kistpay represents a significant step forward in delivering innovative and necessary solutions to bridge the digital divide and promote inclusion. By offering smartphone financing options, we are empowering more individuals to join the digital revolution and unlock the benefits of connectivity.”
Asif Jafri, CEO of Kistpay, expressed his delight about the partnership, emphasizing its alignment with the “Smartphone for All” initiative that Kistpay and GSMA launched in October 2022. He stated, “We are thrilled to partner with Telenor Pakistan to extend smartphone financing to customers across Pakistan. By combining our digital financing expertise with Telenor Pakistan’s extensive reach and trusted services, we are confident in our ability to make smartphones more accessible and affordable for a broader segment of the population.”
The collaboration between Kistpay and Telenor Pakistan represents a significant milestone in smartphone financing in Pakistan, catering to the evolving needs of digital consumers. By expanding the availability of accessible and affordable smartphone purchase solutions, this partnership aims to empower individuals to fully participate in the digital economy.
Both organizations are committed to creating a more connected, digital, and inclusive future for all.