NayaPay, a fast-growing financial platform, has joined forces with Alipay+, a digital payments and marketing platform by Ant International. NayaPay and Alipay+ aim to enhance global payments to Pakistan through their strategic alliance. This partnership goes beyond a simple collaboration; it’s a significant effort to transform the landscape of global payments in Pakistan.
Alipay+ and NayaPay Unite to Transform Global Payments in Pakistan
By introducing QR codes compatible with both RAAST and Alipay+ payment partners, such as e-wallets and bank apps, this collaboration is expected to have a considerable impact. It will facilitate incoming international trade and integrate Pakistan’s cashless payment systems with those of other countries. This partnership addresses common issues like low interoperability and high transaction costs in digital payments.
Through this collaboration, NayaPay can provide SMEs and businesses of all sizes in Pakistan with a seamless connection to over 25 Alipay+ global payment partners, reaching over 1.5 billion consumer accounts worldwide, in addition to RAAST. This advancement is a significant step in digitizing trade in Pakistan, ensuring secure and efficient transactions.
Alipay+ and NayaPay Unite to Transform Global Payments
Beyond borders, this partnership holds promise for empowering Pakistani businesses to transact easily with global visitors, promoting cashless and well-documented trade and tourism between nations. NayaPay’s strategic move aligns with the State Bank of Pakistan’s vision for economic advancement and digital transformation, setting a new standard in the financial sector.
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This initiative is part of Alipay+’s recent expansion throughout Southeast Asia, with previous partnerships in the Philippines and the establishment of connectors for its mobile wallet ecosystem in Thailand.