Soneri Bank and NayaPay Partner to Boost Digital Payments in Pakistan

Pakistan’s leading financial institutions, Soneri Bank, and fintech platform NayaPay, announced a strategic partnership to improve the country’s digital payment landscape.

This collaboration aims to unlock new possibilities in the digital banking sector. Soneri Bank’s vast experience combined with NayaPay’s innovative fintech solutions will empower customers with greater control over their finances.

The partnership will enable seamless fund transfers between Soneri Bank accounts and NayaPay wallets. Additionally,customers can directly pay NayaPay merchants using their Soneri Bank accounts.

“We are delighted to partner with NayaPay,” said Syed Amir Raza, Chief Digital and Innovation Officer at Soneri Bank.”This collaboration will unlock new possibilities and allow us to thrive in the increasingly digital landscape.”

Omar Askari, Chief Business Officer at NayaPay, echoed the sentiment. “We are incredibly excited to collaborate with Soneri Bank. Linking accounts for seamless fund transfers aligns with our vision for open banking and empowers Pakistanis to manage their finances effectively.”

This partnership is a significant step towards a more robust digital payment ecosystem in Pakistan, benefiting both institutions’ customers and businesses accepting NayaPay payments.

Source: Press Release 

Hot this week

Pakistan Issues Formal Procedure for E-Commerce Tax Withholding Under Eleventh Schedule of STA 1990

PRAL has formally issued the withholding procedure for e-commerce supplies under the Eleventh Schedule of the Sales Tax Act 1990, strengthening compliance, transparency, and documentation in Pakistan’s digital economy.

First Digital Takaful Company Receives SECP Approval, Launches Pakistan’s First Fully Digital Shariah-Compliant Insurance

SECP grants registration to First Digital Takaful Company, enabling Pakistan’s first fully digital, Shariah-compliant general Takaful operator to offer end-to-end digital insurance solutions.

Ideofuzion and Edversity Partner to Develop Pakistan’s Web3 Ecosystem and Talent

Ideofuzion and Edversity sign a memorandum of understanding to advance Pakistan’s Web3 ecosystem, focusing on education, skill development, and opportunities for students and professionals in the decentralized economy.

JazzCash Launches Women Account to Promote Digital and Financial Inclusion in Pakistan

JazzCash introduces the Women Account and hosts a high-level panel with UN Women, SBP, Karandaaz, and Women Chamber of Commerce to advance digital financial inclusion and women’s economic empowerment.

Islamabad International Airport Goes Fully Cashless, Introduces Mobile Payment System

Islamabad International Airport transitions to a fully cashless system, allowing passengers to pay all fees via a mobile app, improving efficiency, transparency, and passenger convenience.

Topics

Pakistan Issues Formal Procedure for E-Commerce Tax Withholding Under Eleventh Schedule of STA 1990

PRAL has formally issued the withholding procedure for e-commerce supplies under the Eleventh Schedule of the Sales Tax Act 1990, strengthening compliance, transparency, and documentation in Pakistan’s digital economy.

First Digital Takaful Company Receives SECP Approval, Launches Pakistan’s First Fully Digital Shariah-Compliant Insurance

SECP grants registration to First Digital Takaful Company, enabling Pakistan’s first fully digital, Shariah-compliant general Takaful operator to offer end-to-end digital insurance solutions.

Ideofuzion and Edversity Partner to Develop Pakistan’s Web3 Ecosystem and Talent

Ideofuzion and Edversity sign a memorandum of understanding to advance Pakistan’s Web3 ecosystem, focusing on education, skill development, and opportunities for students and professionals in the decentralized economy.

JazzCash Launches Women Account to Promote Digital and Financial Inclusion in Pakistan

JazzCash introduces the Women Account and hosts a high-level panel with UN Women, SBP, Karandaaz, and Women Chamber of Commerce to advance digital financial inclusion and women’s economic empowerment.

Islamabad International Airport Goes Fully Cashless, Introduces Mobile Payment System

Islamabad International Airport transitions to a fully cashless system, allowing passengers to pay all fees via a mobile app, improving efficiency, transparency, and passenger convenience.

New Focal Person Appointed for Crypto and Blockchain at Prime Minister’s Youth Programme to Drive Digital Innovation

Pakistan appoints Focal Person for Crypto & Blockchain under PMYP to strengthen local ecosystem, promote youth engagement, and drive capacity-building in digital finance and blockchain technology.

Beaconhouse Technology Joins 1BILL Platform as Bill Aggregator with 1LINK

1LINK onboards Beaconhouse Technology as a bill aggregator on its 1BILL platform, enabling streamlined digital payments with Faysal Bank as settlement partner.

Faysal Bank Partners with Waseela Pakistan to Provide Shariah-Compliant Digital Financing for Farmers

Faysal Bank and Waseela Pakistan sign MoU to offer fast-track Shariah-compliant financing via digital solutions under Electronic Warehouse Receipt framework, enhancing financial inclusion for farmers.
spot_img

Related Articles

Popular Categories

spot_imgspot_img