SLG-Trax subsidiary enters fintech space

August 20, 2025 (MLN): Logiserve (Pvt.) Ltd., a wholly owned subsidiary of Secure Logistics - Trax Group Limited (SLG-Trax), has received a Non-Banking Financial Company (NBFC) license from the Securities & Exchange Commission of Pakistan (SECP).

The License will enable Logiserve to offer a digital payment platform involving COD-backed working capital loans, invoice discounting, merchant virtual accounts, and a digital payment gateway.

It will directly facilitate SLG-Trax's E-Commerce / Logistics Business Line ("BL") through: Merchant-centric digital payment portals to support collections, reconciliations, and vendor payouts.

Short-term credit against COD receivables, with repayment via direct deduction from future COD flows.

Invoice discounting to accelerate receivables for SMEs and logistics vendors.

Credit to freelancers, resellers, and SMES who have operational data but lack formal credit histories.

Logiserve's Fintech infrastructure, developed in collaboration with a Technical Partner, will ensure seamless integration with E-Commerce / Logistics operations, creating a closed-loop credit and payment ecosystem.

This aligns with SLG-Trax's vision of supporting 9,000+ merchants of this particular BL through innovation.

The NBFC operation is a materially positive development and is expected to contribute substantially to the Group's consolidated bottom line.

Further details of NBFC's operation and financial impact will be provided during the online Corporate Briefing to be held at 3 pm on Friday, August 22, 2025, the Company's filing on PSX noted. 

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