Yango Pakistan Launches Sharia-Compliant Fintech Service

Yango Pakistan, part of the global tech firm Yango Group, has introduced Pay Afterwards, a fintech service designed to support local businesses grow while giving customers more flexibility and convenience when shopping.

Key points

• The service launches with merchants including Habitt, Sana Safinaz, Bagallery, Ego, Walkeaze, Scent N Secrets and others.
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• Yango Group entered the Pakistani market in 2023 with the launch of its ride-hailing service.
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• Pay Afterwards is initially available as a pilot on the websites of selected partner merchants.

Pay Afterwards is initially available as a pilot on the websites of selected partner merchants. Customers can split eligible purchases into equal payments created every two weeks. Participating merchants can additionally be discovered through the Shop section of the Yango SuperApp.

In practice, the service launches with merchants including Habitt, Sana Safinaz, Bagallery, Ego, Walkeaze, Scent N Secrets and others. Yango Pakistan intends to grow the network to more than 100 largest online retailers in fashion, beauty, home goods and electronics by the end of the year. Throughout the pilot, the service's team will work closely with merchants and customers to refine the solution and evaluate its impact before expanding further.

In practice, the Pay Afterwards model has been reviewed by Dr. Muhammad Imran Ashraf Usmani of Usmani & Co. Shariah Advisors (Pvt.) Ltd. His conclusion confirms that the solution's structure and operating principles comply with Sharia requirements.

"Partnership is at the core of Yango's ecosystem – throughout our services, we work with local businesses to create solutions that support them grow while bringing more value to their customers. Pay Afterwards extends this approach into fintech. It we see as an notable enabler of business expansion, helping merchants reach new audiences and contributing to Pakistan's growing digital economy, " remarked Miral Sharif, Country Head, Yango Pakistan.

"Pay Afterwards gives merchants an further way to create purchases more accessible to customers and backing conversion at checkout. We designed the product for the Pakistani market, with Sharia principles incorporated into its structure from the outset, " highlighted Ali Hussain, Head of Sales at Yango Fintech in Pakistan.

Yango Group entered the Pakistani market in 2023 with the launch of its ride-hailing service. Since then, the firm has expanded its presence by introducing Delivery and Cargo, Ads, Transport and B2B services. Today, these services form a growing digital ecosystem that brings together everyday solutions for individuals and businesses throughout Pakistan. Stay Connected with ProPakistani.

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For now, yango Pakistan Launches Sharia remains the part of the story worth watching, and further updates are likely as more details are confirmed.