Bank Alfalah, Ignite ink MoU

KARACHI: Bank Alfalah has signed a memorandum of understanding (MoU) with Ignite, a public sector company with the ministry of IT and Telecom (MoITT), for financial facilitation of startups and freelancers by providing them a one-stop solution for all their banking needs, a statement said on Wednesday.

With the partnership, Ignite and Bank Alfalah will work closely to develop products and services that will help cater to the current financial needs of the startups and freelancers, it added.

“The collaboration will benefit Ignite’s startups and freelancers in meeting their financial needs,” said Mohsin Mushtaq, Secretary, MoITT. He further added that the collaboration would provide opportunities for startups and freelancers to avail customised financial services offered by Bank Alfalah. Mushtaq also appreciated Ignite for collaborating with financial institutions to empower startups in meeting their financial needs.