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Akhtar Fuiou Technologies – A Step Towards Digital Pakistan
Akhtar Fuiou Technologies, a new Fintech in Pakistan, has received SBP’s in-principle approval for an Electronic Money Institution License. AFT will soon launch a pilot operation for its e-wallet business.
In the recent push for digitization in the country, Akhter Fuiou Technologies (AFT) is a dynamic new entrant. Its vision is to revolutionize the country’s commercial and technology environment to rapidly increase financial inclusion.
A potential powerhouse, AFT is a collaboration between three large business groups of Pakistan and China. They include the Akhtar Group, Shanghai Fuiou Payment Services Corp. Ltd (Fuiou Group) and JollyChic. Akhtar Group is a local conglomerate owned by a prominent business family of Pakistan involved in Sugar, FMCG, Ethanol, and Textile manufacturing. The group’s business expertise and influence will power its expansion to the digitalization sector.