Relational Partners with Dellsons Associates to Revolutionize Pakistan’s Financial Sector

Posted on December 19, 2024 by News Desk

Relational Partners with Dellsons Associates to Revolutionize Pakistan’s Financial Sector

Relational Partners with Dellsons Associates to Revolutionize Pakistan’s Financial Sector

Relational, a European-based leader in business software solutions, has set its sights on Pakistan as its next major market. In a landmark move, the global software provider has partnered with Dellsons Associates to bring cutting-edge financial technology solutions to the nation’s rapidly evolving financial sector.

Key Highlights of the Partnership

  • Advanced Software Solutions: Relational aims to introduce its innovative fintech products to Pakistan’s financial institutions, targeting commercial banks, microfinance banks, and other financial entities.
  • Local Expertise: Dellsons Associates, with its extensive network and understanding of the Pakistani market, will play a pivotal role in adapting and implementing Relational’s solutions.

Driving Growth in an Emerging Economy

Relational’s President and CEO, John Papaevgeniou, emphasized the potential of this collaboration:
“Pakistan is an emerging economy with an evolving financial sector. Dellsons’ deep knowledge of the market and commitment to innovation align perfectly with our mission to deliver state-of-the-art business software solutions globally. Together, we look forward to empowering businesses in Pakistan with the advanced technology they need to thrive.”

Why This Matters

The partnership comes at a time when Pakistan’s financial sector is experiencing significant growth, boasting:

  • 33 commercial banks
  • 12 microfinance banks
  • 40+ fintech operators

Foreign direct investment in the country is also showing modest growth, with $17 million recorded during July to October in the current financial year, up from $14 million in the same period last year, according to the State Bank of Pakistan (SBP).

The Road Ahead

Chairman Dellsons Group, Ibrahim Amin, expressed excitement about the collaboration:
“Partnering with Relational allows us to bring world-class fintech solutions to the Pakistani market, advancing the local economy through technology-driven solutions. This collaboration will pave the way for both companies to achieve shared success.”

With this strategic alliance, Pakistan’s financial sector is poised to enter a new era of innovation and technological advancement, making it an exciting time for businesses and consumers alike.

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