Faysal Bank partnered with Mercantile Pakistan (Authorized Apple Distributor) to provide a facility of Buy Now Pay Later (BNPL) at a zero percent profit rate to its customers using its payment cards. This is the first time in Pakistan that customers can avail BNPL facility to buy Official Apple products from authorized retail outlets. During the rollout phase, over 100 mercantile registered resellers will start offering Apple official products on 3 to 12 months installment plans.
Mercantile products will also be available on Faysal Bank DigiMall, Faysal Bank’s Online Marketplace and via PIP options through call centers. This partnership will enable easy payments for Faysal Bank customers via Mercantile Pakistan authorized channels while simultaneously leveraging on the Faysal Bank platform’s capacity to empower its authorized businesses through faster payment cycles.