SWICH
Swich, a fintech company headquartered in Karachi, has been honored with the prestigious Pakistan Innovation Hub Award. This remarkable achievement has earned them a substantial grant of PKR 20 million, generously provided by the Government.
About Swich
Swich was founded in 2019 as a payment aggregator with a mission to help customers all over Pakistan. They soon realized that a significant change was needed to bring a true revolution in digitizing payments.
With over 1300 active customers and more than 8 million transaction worth over $50 million, they are poised to become a significant player in the industry.
What is Swich Offering?
The company is actively involved in the fintech ecosystem by providing a gateway that offers creative ways to collect and send money all over Pakistan.
They are proud to be a data-focused and technologically advanced fintech company working on creative solutions to promote digital transactions across Pakistan!
Benefits of the App for Merchants
1. Convenient Payment Options: Retailers can offer their customers various digital payment methods, making transactions easier and faster.
2. Increased Sales: With digital payment options, retailers can attract more customers, including those who prefer cashless transactions.
3. Improved Cash Flow: Digital transactions lead to faster payments and reduce the need for handling physical cash, enhancing the retailer’s cash flow.
4. Enhanced Security: Digital transactions are more secure than handling cash, reducing the risk of theft or fraud for retailers.
5. Access to Customer Data: The app can provide valuable insights into customer buying patterns and preferences, helping retailers make informed business decisions.
6. Expansion of Customer Base: By offering digital transactions, retailers can attract tech-savvy customers and potentially expand their customer base.
7. Integration with Accounting Systems: Digital transactions can seamlessly integrate with the retailer’s accounting systems, simplifying financial record-keeping.
8. Cost Savings: Digital transactions often have lower transaction fees than cash handling, resulting in cost savings for retailers.
9. Better Customer Experience: Quick and efficient digital transactions contribute to a positive shopping experience, increasing customer loyalty.