NayaPay and Visa partner to fast-track digital payments in Pakistan

 

NayaPay Visa Card First Look!

NayaPay will simplify cross-border cash transfers for freelancers and Pakistani organizations operating with worldwide clients

NayaPay has joined the Visa Fintech Fast Track software, rushing up the fee company’s integration procedure with Visa and permitting NayaPay to leverage the reach, competencies, and protection of the Visa worldwide bills network.

Through the Fast Track software, NayaPay has get right of entry to to Visa’s developing accomplice network, generation and assets to boost up innovation in virtual bills in Pakistan.

As an Electronic Money Institution (EMI), NayaPay will permit customers to open E-Money money owed inside a couple of minutes and make hassle-loose virtual bills to every different and to organizations.

NayaPay customers and traders can use their NayaPay Visa debit card to carry out on-line and in-keep transactions with tens of thousands and thousands of outlets global in addition to withdraw coins effectively at any ATM location.

NayaPay clients also can test Visa service provider QR codes to make bills without delay thru their app.

NayaPay may also be leveraging Visa Direct to simplify cross-border cash transfers for freelancers and different Pakistan primarily based totally organizations operating with worldwide clients, and families receiving remittances from their households abroad.

Users may be capable of be given finances right away and without delay into their NayaPay wallets from over one thousand million Visa playing cards throughout the globe.

“We are dedicated to assisting fintechs acquire their potential – permitting large thoughts to flourish and helping them thru the reach, scale and protection of the Visa network,” stated Kamil Khan, Country Manager, Pakistan, Visa. “We have strategically advanced each our systems and the way we paintings with companions and clients to inspire a broadening of the fintech environment globally and are excited via way of means of the possibilities and new use instances the NayaPay partnership will permit in Pakistan. Our paintings with NayaPay is a stepping stone in that evolution and we look ahead to in addition helping them on their journey.”

Danish Lakhani, CEO NayaPay, stated: “We are overjoyed to have discovered a accomplice in Visa that stocks our desires of creating economic offerings simpler, extra handy and reachable to Pakistani customers – the desires of whom were ignored for some distance too long. Over the beyond few months, we were integrating Visa’s services to boost our issuing and obtaining competencies and to supply on our promise of turning into part of citizens’ day by day lives.”

“By becoming a member of Visa’s Fintech Fast Track software, thrilling fintechs like NayaPay advantage unheard of get right of entry to to Visa experts, generation, and assets,” stated Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa. “The Visa Fintech Fast Track software we could us offer new assets that swiftly developing organizations want to scale with efficiency. We’re overjoyed to welcome NayaPay into our software and look ahead to operating with them on their fee answers with a purpose to remodel economic inclusion in Pakistan.”