The first E-Money Institution in Pakistan, NayaPay has partnered with Alipay+ which Connects global merchants with multiple digital payment methods. By implementing QR codes that are compatible with E-Wallets and Bank-Apps, as well as RAAST and Alipay+ Payment Partners, the partnership between NayaPay and Alipay+ is expected to have a substantial impact.
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This will improve incoming foreign exchange flows and integrate Pakistani and international markets’ cashless payment systems. This strategic partnership addresses common problems like low interoperability and high transaction costs by streamlining digital payments.
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Through a quick and inexpensive payment mechanism, this cooperation is expected to enable firms in Pakistan to conduct business with people from across the world. It would also promote recorded and paperless trade and travel between the two nations. They continued by saying that this project sets a new standard for the financial industry in the area and is consistent with the State Bank of Pakistan’s strategy for the development of the economy and digitalization of the country.
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About NayaPay
NayaPay, the first E-Money Institution in Pakistan, is a fintech-platform empowering underserved consumers and SMBs with better access to financial services. NayaPay has built a community of students, freelancers, and digital natives for its consumer proposition – a chat-led super-app accompanied by free Visa-virtual- and physical-cards.
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About Alipay+
Developed by Ant Group’s International Business Group, Alipay+ provides global cross-border mobile payment solutions that enable merchants, including small and medium-sized businesses, to better serve consumers around the world. Upon integration into the system, global merchants can accept payments made by consumers using their familiar and favorite payment methods.
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