Pakistan is currently the fourth largest freelancing economy in terms of population. However, due to a variety of reasons, a huge percentage of the freelancing community residing in the nation are underserved. There are several limitations in receiving foreign payments as well, causing challenges to freelancers and businesses on a regular basis. SadaPay aims to bridge the gap and provide freelancers with better foreign opportunities to ensue.
SadaPay has announced a partnership with Mastercard. Through this SadaPay will be able to utilize Mastercard’s innovative capabilities for card issuance and use this as a way to enable payment processing gateway. Mastercard’s position as the go-to player in digital payments is already established. With this collaboration, users will get to experience quality payment experience ensuing SadaPay.
SadaPay is looking at issuing over three million cards over the next five years, this will immensely help and serve a large segment of Pakistan’s population who do not have access to banking services. The fintech challenger will ensure special focus on payment points for freelancers and self-employed to improve financial inclusion which will ultimately lead to a better economic outlook.
Kahlid Elgibali, the Division President of Middle East and North Africa Mastercard commented:
“Pakistan is a rapidly evolving market which currently houses one of the largest population of young people in the South Asian region, and we know that they’re increasingly looking for more tech-savvy and advanced digital payment options that meet their everyday needs. Our exclusive partnership with SadaPay showcases our commitment to enhancing the country’s digital payments infrastructure and to paving the way to a more inclusive society that serves a much wider array of consumer segments. By bringing Mastercard’s pioneering and innovative digital payment solutions to Pakistan, we hope to expedite the adoption of cashless payments in the region and empower greater financial independence for all.”
With a few simple taps, one can open a SadaPay account within minutes. Take a selfie, enter your National Identity Card number and you’re done!