Strategic agreement resulting in discount offers on Daraz.pk for all those using ORIX Network
Karachi, March 11th, 2015: ORIX Network, Pakistan’s first third-party transaction processing network, and Daraz.pk, Pakistan’s largest e-commerce portal, have signed an agreement for a Discount Campaign on ORIX Network. According to the terms of the arrangement, customers who use their credit, debit, fuel, loyalty, discount or prepaid cards on ORIX POS machines connected to the ORIX Network will be offered a discount code which can be redeemed online on www.daraz.pk. The Discount Code will be pre-printed on the back of transaction receipts.
The e-Business Division of ORIX Leasing Pakistan Limited (OLP) has a long history of third-party transaction processing solutions in Pakistan. Being the pioneer of providing third-party Point-of-Sale (POS) services, ORIX Network has a presence on all major retail stores of Pakistan with over 6,000 POS Terminals. The ORIX Network has led market innovation in Pakistan; and with this arrangement ORIX Network provides a new dimension to its suite of value added services enabling cardholders to avail flat discounts on over 20,000 products currently available on Daraz.pk.
On the occasion, CEO OLP, Mr. Teizoon Kisat said “We are pleased to be collaborating with Daraz.pk and feel that this arrangement will encourage cardholders to shop on-line and avail the extra benefit of discount offered to them. ORIX facilitates processing of electronic transactions in Pakistan and this collaboration is another step in that direction.”
Commenting on the collaboration, Muneeb Maayr, co-founder Daraz.pk said “We are dedicated towards building and expanding our customer base and our agreement with ORIX is further testament to this promise. ORIX is a household name in Pakistan. We are excited to partner with them, as we offer consumers ease, reliability and an unparalleled online shopping experience.”
About ORIX Leasing Pakistan Ltd
ORIX Leasing Pakistan Limited – OLP started its operations in 1986 and has become the largest leasing company in Pakistan. As a part of ORIX Corporation Japan, OLP offers cost effective, value-added products and customized services to a wide array of customers throughout the country. Today OLP stands as one of the most prominent Non-Banking Finance Companies in Pakistan with a nationwide presence and a large network of individual and corporate customers. OLP owns and operates Pakistan’s first and largest third-party transaction processing network. The ORIX Network provides support to various industry leaders for their debit, credit, fuel, loyalty, prepaid, discount, insurance and health card programs, with presence in 200 towns and cities with over 6,000 point of sale terminals operating 24/7. The ORIX Network has a hosted card base of over 3.5 million cards and processes over 1.5 million transactions monthly, amounting to PKR 5 billion.
Incorporated in 2012, Daraz.pk is an online shopping portal featuring apparel, accessories, shoes and beauty products for both men and women, as well as a wide variety of electronics and general merchandise. Daraz.pk currently offers a portfolio of over 1000 brands and 40,000 products. Headquartered in Karachi, it delivers across 200 cities and towns in Pakistan. Daraz.pk is part of the Asia Pacific Internet Group (APACIG) which supports some of the leading internet companies in the region. Founded by Rocket Internet in 2014, the APACIG’s mission is to promote innovation and entrepreneurship throughout Asia and the Pacific and to support the development of a vibrant online culture.
ABOUT THE ASIA PACIFIC INTERNET GROUP
The Asia Pacific Internet Group (APACIG) is a joint venture of Rocket Internet and Ooredoo. The group’s network consists of 11 e-commerce and online marketplace companies, operating across 15 countries. Since it was founded in 2014, APACIG has become the leading online platform in Asia, building top internet companies in the region. For more information, please visit www.asiapacificinternetgroup.com.