FINCA Microfinance Bank, one of the fastest growing microfinance banks in Pakistan, in partnership with Finja, internationally funded FinTech startup, announced the movement to make digital commerce and payments free in Pakistan. SimSim, a mobile payment platform, was introduced at its launch event on July 26th in Karachi, Pakistan
SimSim will give people access to frictionless payment options directed towards a diverse pool of merchants. It intends to act as a catalyst for financial inclusion and will spur digital payments by making even the smallest ‘payment event’ free. Moreover, in the near future, individuals will also be able to seek credit and buy insurance through the SimSim platform.