In a groundbreaking move, Zindigi, powered by JS Bank & MyTM in collaboration with Cashin (KSA), has launched an innovative payment system specifically for Pakistani pilgrims, in line with Saudi Arabia's Vision 2030. This initiative, unveiled at the LEAP conference this year, introduces a cashless Hajj and Umrah experience, significantly enhancing convenience by reducing fees and taxes. This landmark initiative not only ensures convenience but also sets a precedent for future advancements in pilgrimage services. It represents a key advancement towards the Vision 2030 goal of achieving 70% non-cash transactions by 2030.

For Pakistani pilgrims, the traditional financial challenges of Hajj, including handling numerous transactions for visa fees, accommodation, and transportation, will now be streamlined. They will utilize the Zindigi Debit cards, ensuring all transactions are effortless and seamless, preparing for a pilot test during the Hajj 2024.

Basir Shamsie, President & CEO of JS Bank, reflected on the innovative partnership, saying, “This collaboration represents a significant stride towards facilitating the sacred rituals. It not only advances Pakistan's commitment to financial inclusion but also aligns with Saudi Arabia's Vision 2030. By introducing a cashless solution tailored for Hajj and Umrah, we are setting new standards in convenience and security, fostering an ecosystem where technology and tradition converge. This initiative is a bridge that underscores our shared vision for a future where economic and technological progress serves everyone.”

Noman Azhar, Chief Officer Zindigi stated, 'Zindigi exist to make a meaningful impact in the lives of customers beyond borders. This initiative perfectly embodies our vision to offer simple yet impactful financial services. With around 4 million people from Pakistan embarking on the sacred journey of Hajj and Umrah to Saudi Arabia each year, this represents significance of Zindigi’s contribution in facilitating masses. We are excited to be part of such impactful initiatives that resonate with the core purpose of existence.'

Sheikh Jawad Mahmood, CEO of MYTM LLC in the Kingdom of Saudi Arabia, heralds the new collaboration with JS Bank and Cashin as a milestone in financial technology. The introduction of the Sullis Product, aimed at serving the 'Guests of Allah', is set to revolutionize the pilgrimage experience for Pakistani worshippers by offering a seamless banking service across borders. In alignment with Saudi Arabia's Vision 2030 for a cashless economy and Pakistan's strategy to increase financial inclusion, this initiative promises a digitized payment solution that ensures security, advantageous currency exchange rates, and tax-free transactions for Hajj and Umrah pilgrims. More than just a corporate alliance, this venture represents a strengthening of ties between Pakistan and Saudi Arabia.

Omar Al-Rammah, CEO Cashin Saudi Arabia commented, “This partnership represents a significant step forward in our mission to drive digital transformation and financial inclusion as Saudi Arabia continues its journey towards a digital future, we are committed to pioneering solutions that focuses to enhance pilgrims and tourist payment experience and satisfaction and contribute to the realization of Saudi Arabia Vision 2030. This strategic partnership will leverage Cashin’s cutting edge payment technology expertise with Zindigi, JS BANK and MyTM’s innovative solutions, which aims to simplify the payment experience of pilgrims and tourists.

The signing ceremony was attended by key stakeholders from both Pakistan and Saudi Arabia, underlining the commitment to enhancing the Hajj experience through technology. Basir Shamsie, President & CEO of JS Bank, Noman Azhar, Chief Officer of Zindigi, Adeel Hijazi, Chief Marketing Officer of Zindigi, and Rao Umer Farooq, Head of International Business, were joined by representatives from relevant authorities in Saudi Arabia at the signing ceremony. Among the attendees from MYTM were Dr. Sohail Zafar Cheema, Chairman of MYTM Pakistan; Zain Farooq, CEO of MYTM Pakistan; Sheikh Jawad Mahmood, CEO of MYTM Saudi Arabia; Muhammad Usman Khan, CTO of MYTM Pakistan; Iftikhar Shahid, Director of Technology at MYTM LLC Saudi Arabia; Saad Sarwar, Director of Payment System at MYTM LLC Saudi Arabia; Moaz Mirza, Director of Investments at MYTM Pakistan; Talal Mahmood, CFO of MYTM Pakistan. Additionally, present were Omar Al-Rammah, CEO of Cashin, Shaikh Abdul Quddus, Chief Fintech Officer of Cashin, Obay Al-Madi, Chief Business Officer of Cashin, and AbdulKareem Zirk, Chief Technology Officer of Cashin.

This partnership represents a pivotal milestone in the evolution of the Hajj pilgrimage, showcasing the collective commitment of Zindigi, Cashin, MyTM PR to enhance well-being and to contribute to the global financial ecosystem. The collaboration also strengthens the economic and technological ties between Pakistan and Saudi Arabia, showcasing a shared commitment to innovation and societal advancement.

About Zindigi: 

Zindigi, powered by JS Bank, is a homegrown digital banking initiative tailored for Gen Z and millennials. Offering a customizable mobile app focused on customer empowerment and personalization. With a motto of "Simple Karo," it simplifies lives by providing savings and investment products alongside accessible financial services like loans, Remittances, and Bill payments. Zindigi is the sole digital banking experience in Pakistan enabling fully digital account opening and an international/local usable master debit card. Recognized as the Best Digital Startup at the Pakistan Digital Awards 2023, Zindigi persists in its innovation, poised to advance the digital landscape through Public-Private Partnerships. For more details visit: https://zindigi.pk/

About MyTM LLC KSA:

MyTM, a trailblazer in digital payments and financial inclusion having a wallet, payment gateway and Agent banking network in Pakistan, offers innovative services like branchless banking, e-POS systems, and white-label wallet solutions. Prioritizing security and convenience, MyTM is revolutionizing financial transactions worldwide, especially in KSA, Pakistan, and North Africa. Our comprehensive suite of services includes simple mobile wallet solution, multi tenant wallet Solution, and advanced systems such as loan management, loan origination system, payment gateway, Payment aggregation, middle ware solutions, E-Invoicing, disbursement/ collection solutions cyber security system and VAPT. Additionally, we offer a white label wallet solution that enables businesses to create their own branded digital wallet for seamless transactions.

About Cashin:

Cashin, a Saudi based company specialized in providing digital payment and points of sale solutions. At Cashin we believe in revolutionizing the way people experience financial technology by breaking free from conventional norms. Enabling businesses by blending POS, inventory, digital payments, and integrations in the all-inclusive express platform. The Cashin way is all about overcoming challenges, responding fast to changing business and market needs, and exceeding expectations. As a trusted partner, Cashin replaces complex and legacy systems, driving positive change in consumer and merchant payment adoption and behavior.