NayaPay, an upcoming EMI, is now PCI DSS certified

The PCI-DSS certification will enable NayaPay to add globally accepted VISA and MasterCard debit cards to its offering in addition to PayPak cards.

Read

NayaPay, an upcoming EMI, is now PCI DSS certified

Preparing for its pilot operations, NayaPay (Pvt.) Ltd is now certified as PCI-DSS (Payment Card Industry Data Security Standard) compliant by Risk Associates, a leading PCI-qualified security assessor in Pakistan.

PCI DSS v3.2.1 is a widely accepted set of policies and processes intended to optimize the security of card transactions and protect cardholders against misuse of their personal information. Compliance with this international standard confirms that NayaPay has implemented stringent controls for the protection of customer data.

As an E-Money Institution, NayaPay will enable Pakistanis to open E-Money accounts and make convenient digital payments to each other and to businesses. Users will have ready access to their funds through the NayaPay app and debit card, which can be used to withdraw money from any ATM across the country and perform POS transactions with numerous retailers. The PCI-DSS certification will enable the digital payments platform to add globally accepted VISA and MasterCard debit cards to its offering in addition to PayPak cards.

CEO of Risk Associates, Dr. Aftab Rizvi stated:

"Information security is currently a primary concern for customers dealing with financial transactions over various channels. The PCI DSS certification validates NayaPay’s dedication to providing a safe and secure environment for their customers' account data."

He further added,

"NayaPay team has shown high proficiency and realization of their security systems which reveal a secure and robust organization. It was a pleasure working with NayaPay, and we congratulate them on achieving PCI DSS compliance certification."

Danish Lakhani, CEO NayaPay, said:

"As an EMI, we are cognizant of our responsibility towards safeguarding the interests of our customers, particularly the security of sensitive data stored, processed and transmitted through our platform. We have made adherence to international best practices and State Bank guidelines an organizational imperative. The PCI-DSS compliance certification is a step in this direction -- minimizing exposure to threats such as breaches and theft of cardholder data."

More from NayaPay

14 May 2024

Enjoy 5 FREE withdrawals every month at UBL ATMs

10 May 2024

Soneri Bank joins forces with NayaPay as one of its partner banks

9 April 2024

Ant Group partners with NayaPay for Consumer Friendly Zones Program

15 February 2024

NayaPay and FWO Partner to Digitize M-Tag Payments

24 January 2024

NayaPay, Alipay+ Boost Global Payments into Pakistan

27 November 2023

NayaPay Awarded 'Best Fintech' at Pakistan Banking Awards 2023

28 March 2023

BOP and NayaPay collaborate to boost digital financial services

5 October 2022

UBL and NayaPay partner for fast international remittances to Pakistan

17 January 2023

HBL and NayaPay collaborate to boost global remittances to Pakistan

13 May 2022

#BetterTogether for Digitization: StormFiber and NayaPay Come Together

11 January 2021

Jazz and NayaPay team up for digitization of payments

24 February 2022

NayaPay secures $13m as it rolls out digital payments revolution

29 July 2020

NayaPay and Visa partner to fast-track digital payments in Pakistan

19 March 2020

Zong 4G Partners with NayaPay to Provide Seamless Digital Experience

18 May 2020

NayaPay Greenlighted by SBP for Pilot Operations

3 March 2020

NayaPay and Telenor Pakistan Come Together for Customer Convenience

19 April 2022

NayaPay partners with Euronet Pakistan to accelerate digital payments

27 January 2022

Askari Bank Limited joins hands with NayaPay as a partner bank

2 September 2021

State Bank of Pakistan grants EMI License to NayaPay

25 August 2021

Close the gender gap: NayaPay becomes a Friend of CodeGirls

13 August 2021

JS Bank Partners with NayaPay for Digital Payments

17 December 2019

NayaPay Integrates World-Check to Strengthen Customer Due Diligence

11 December 2019

NayaPay Receives ISO 27001 Certification

14 November 2018

Meezan Bank and NayaPay Join Hands to Accelerate Digital Payments

30 September 2019

NayaPay receives In-Principle Approval from SBP

30 May 2019

NayaPay becomes 1LINK’s PayPak Affiliate Member

14 November 2018

Meezan Bank and NayaPay Join Hands to Accelerate Digital Payments

17 February 2020

NayaPay Partners with Faysal Bank for Digital Payments

No items found.