ISLAMABAD: Local fintech platform NayaPay has collaborated with global player Alipay+ to enhance money transfer services, e-wallets, and bank apps in Pakistan. This partnership aims to facilitate incoming foreign exchange flows while integrating cashless payment systems from global markets into the local landscape.
NayaPay customers can now utilize QR codes compatible with both RAAST and Alipay+ payment partners. The alliance focuses on addressing challenges such as limited interoperability and high transaction costs, streamlining digital payments for users.
This strategic partnership positions NayaPay to offer Pakistani businesses, especially SMEs, seamless access to over 25 Alipay+ global payment partners, reaching more than 1.5 billion consumer accounts in addition to RAAST.
NayaPay emphasizes that this initiative ensures efficient and secure transactions, marking a significant leap in Pakistan’s journey towards the digitization of commerce.
