JS Bank, one of the fastest growing banks in Pakistan, has signed a strategic partnership with Daraz, the country’s leading e-commerce platform, to enhance support to sellers for their business expansion in the market of Daraz through the JS Kamyab Jawan program.
Through this partnership, JS Bank aims to provide businesses with loans of up to Rs 25 million to empower youth under its Kamyab Jawan scheme.
The facility would cater to an existing base of over 63,000 vendors in the Daraz market and allow them to expand their business operations and manage smooth cash flow with the support of the funding program.
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Atif Salim Malik, Head of Retail Banking Group – JS Bank, and Syed Zeeshan Ali, Head of Digital Payments, Daraz signed the agreement. Senior officials from both institutions attended the signing ceremony.
Speaking on the occasion, Atif Salim Malik, said, “Since 2012, Daraz has come a long way and we are proud to be aligned with the country’s leading e-commerce platform. We look forward to this partnership to help sellers grow their business.
“Through this collaborative effort, we hope to create a long-term positive impact on the e-commerce ecosystem,” he added.
Syed Zeeshan Ali commented on the partnership: “Daraz continues to strengthen its ecosystem to accelerate the growth of its sellers. We are delighted to partner with JS Bank to provide financing solutions for Daraz sellers. JS Bank’s partnership will provide Daraz vendors with access to capital under JS Bank’s Kamyab Jawan program.
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It is worth mentioning that JS Bank was recognized and praised by former Prime Minister Imran Khan for its contribution to the Kamyab Jawan program. With the aim of empowering young people, JS Bank provided value-added financial offers and services to develop entrepreneurship. Recently, it passed the milestone of disbursing Rs. 8 billion in loans under the Kamyab Jawab scheme.
JS Bank has reached a milestone of PKR 8 billion in disbursements for JS Kamyab Jawan Entrepreneurship Scheme. Thank you to all our Partners who have helped us in this achievement!
— JS Bank (@JSBLPak) May 29, 2022