Business Desk 
Feb 02, 2025
Pakistan’s Faysal Bank Limited (FBL) has collaborated with Pakistan State Oil (PSO) to introduce advanced digital payment solutions at PSO fuel stations across the country.
This strategic partnership aims to promote a cashless economy and enhance the country's digital financial ecosystem.
The partnership was formalised through a memorandum of understanding (MoU) signed at PSO House, attended by senior executives from both organisations, including Faysal Bank Limited President and CEO Yousaf Hussain and PSO Director and MD S.M. Taha.
As part of this initiative, FBL will deploy cutting-edge point-of-sale (POS) solutions at PSO fuel stations, enabling seamless digital transactions for fuel and non-fuel purchases.
The system, powered by FBL's fintech partner AltPay, will integrate payment acceptance across bank-issued cards, PSO fuel cards, and other digital methods, ensuring real-time transaction visibility.
Speaking at the occasion, Yousaf Hussain, oresident and CEO of FBL, stated: " We are committed to transforming Pakistan’s digital financial ecosystem by driving innovation and expanding access to seamless Shariah-compliant payment solutions.”
“Our collaboration with PSO marks a significant milestone in this journey, enabling customers to experience greater convenience and accessibility through digital transactions at fuel stations nationwide.”
This collaboration is expected to contribute to the growth of Pakistan's digital economy.
