Paysys Labs, a leading fintech company known for its innovative digital payment and financial service solutions, is partnering with Allied Bank Limited to transform the remittance landscape in Pakistan. Banks in Pakistan currently face challenges such as high costs and delays in cross-border payments, which impact customer satisfaction. This arrangement will enable ABL to offer faster, more cost-effective remittance services, enhancing customer experience and expanding financial inclusion in Pakistan.

This project aims to revolutionize cross-border payments by integrating ABL into the global Interledger Protocol network through the implementation of Open Connect Middleware by Paysys Labs. This will establish ABL's node on the ILP network, allowing customer accounts to function as digital wallets within the ILP ecosystem.