Paysys Labs was established in 2016; however, our team has collective experience of more than 75 years in projects specifically related to the digital financial services domain
About Us
Based out of Karachi, Pakistan, Paysys Labs has a team of industry experts, consultants, and project managers who have worked on various initiatives related to digitization of payments & financial services, both locally and internationally
Our History
May, 2016
Incorporation of Paysys Labs
Feb, 2017
Paysys selected by National Bank of Pakistan to develop their Mobile Banking Application
July, 2017
Paysys selected to digitize the largest government financial institution in Pakistan – Central Directorate of National Savings
Sep, 2017
Consulting Agreement signed with 1LINK –Pakistan’s National Payment Switch Provider. We later developed a pull payment based platform for them
Mar, 2018
Paysys selected and funded by Karandaaz to digitize foreign remittances for JS Bank Limited
Jan, 2018
Signed agreement with SBP as Subject Matter Experts for the development and implementation of “RAAST” – Inclusive Instant Payment system
Worked as consultants for the Micro Payment Gateway Project at the State Bank of Pakistan
Feb, 2019
Paysys was selected by Dubai Islamic Bank to develop their Mobile Banking Application
Nov, 2019
Paysys partnered with Union Pay International to set up an acquiring platform enabling banks to manage different acquiring form factors and merchants in a unified way
Nov, 2019
Signed agreement with DIB for Branchless Banking Solution.
Nov, 2019
Signed agreement with WOCCU to provide consultancy in the implementation of an Open Loop Instant Payments System between Credit Unions in the Philippines and Indonesia
Mar, 2020
Became SME & Technical Consultants for design & Implementation of an IPS, EPG,& a shared Wallet Platform for EthSwitch – Ethiopia
Sep, 2020
Became technical consultants for integration of BUNA with RAAST for cross border payments
Team Strength and Outreach
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No. of employees
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No. of completed projects
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No. of ongoing projects
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No. of countries served