Pakistani fintech platform NayaPay has partnered with Alipay+, the worldwide pockets gateway powered by Ant Worldwide, to launch international QR funds. The transfer will enable tens of millions of NayaPay customers to scan and pay at Alipay+ retailers in over 50 nations, considerably increasing the worldwide utility of the Pakistani digital pockets.
The partnership is designed to attach Pakistani shoppers with an in depth international ecosystem of retailers, spanning retail, eating, transport, healthcare, and leisure. By leveraging Alipay+’s community, which connects 40 worldwide cell cost companions to greater than 150 million retailers worldwide, NayaPay goals to make cross-border funds sooner, extra reasonably priced, and seamless.
Empowering Pakistani travellers
For Pakistani travellers, the combination removes the friction typically related to utilizing money or conventional playing cards overseas. Customers will be capable to make safe funds straight from their NayaPay app, benefiting from clear alternate charges and the comfort of a digital-first expertise.
Danish A. Lakhani, chief government officer of NayaPay, mentioned: “After we began NayaPay, our ambition was to offer Pakistanis the identical freedom and confidence with cash that folks take pleasure in on the earth’s most superior markets. This step brings us nearer, not solely by making funds overseas seamless however by making them universally accessible and straightforward on the pocket. Whether or not our customers are finding out, working or exploring the world, they deserve a world cost expertise that retains up with them.”
A deepening collaboration
The launch marks the subsequent section of a rising partnership between the 2 firms. In early 2024, NayaPay grew to become the primary fintech in Pakistan to allow direct QR funds at over 80 million retailers in China. The expanded integration now brings that very same functionality to markets worldwide.
Pan Yan, head of strategic partnership workplace for Alipay+ at Ant Worldwide, commented: “Our objective at Alipay+ is to attach anybody, anyplace in a seamless, digitally-enabled method. The expansion of cell platforms like NayaPay is reworking how tens of millions of individuals journey and work together with native retailers. By means of this subsequent step of our collaboration, we’re collectively making it simpler for Pakistanis to discover the world, and achieve this with the identical trusted and acquainted expertise, identical to house.”
NayaPay, which is authorised by the State Financial institution of Pakistan, empowers underserved shoppers and small companies with entry to digital monetary providers, together with e-money accounts, Visa debit playing cards, and invoice funds. In 2024, the corporate was recognised on the Forbes Asia 100 to Watch listing and named to the CB Insights Fintech 100.
