Lahore (Muhammad Yasir) Bank Alfalah and PriceOye have announced an expansion of their strategic partnership for AlfaMall, Pakistan’s premier e-commerce pre-payment marketplace. Their partnership was initiated in 2020, with PriceOye being on-boarded on AlfaMall for selling and delivering its products to customers who order through the online platform. By June 2021, PriceOye established itself as one of the top 5 merchants on AlfaMall in terms of volume i-e 92 Mn. Under the expansion of this partnership, customers will have access to a wider range of products offered by PriceOye.
“Our goal with AlfaMall is to develop a one-stop-shop for Bank Alfalah customers, to be able to buy their desired products through a best in class buying experience and pay as per their own convenience. The partnership between us and PriceOye has proven to be extremely beneficial for both parties, and an expansion was the most natural next step.”– Yahya Khan, Group Head-Digital Banking Group, Bank Alfalah.
For customers, AlfaMall offers thousands of genuine products at the best prices and on easy instalment payments. PriceOye customers, who are interested in buying products online on instalments, or by paying upfront, can use the AlfaMall platform to make online purchases.
AlfaMall is banking industry’s first initiative to create a trusted e-commerce pre-payment marketplace in Pakistan. It provides Bank Alfalah Customers the opportunity to use their Accounts, Alfa Wallets, Credit Cards, and Orbit Points or opt for combination payment to securely pay for their online shopping without any hassle.
“PriceOye is one of the trusted marketplace for consumer electronics and has two successful start-ups as well. We have a vertical controlled marketplace with ‘see and buy’ feature for product recommendation. Our monthly active users are 2.5 Mn with an open box delivery feature. We have an average NPS score of 72 with 4.8 out of 5 Facebook rating. Currently we are offering products on AlfaMall SBS and on Organic with AlfaMall – Adnan Shafi, Co-founder & CEO, PriceOye.