NayaPay partners with Euronet Pakistan to accelerate digital payments

Euronet Pakistan has collaborated with fintech as a third-party processor of domestic and international transactions for NayaPay’s business customers.


NayaPay partners with Euronet Pakistan to accelerate digital payments

NayaPay, the first E-Money Institution in Pakistan, has announced its partnership with Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT), to revolutionize payment acceptance and promote financial inclusion of micro, small and medium businesses in the country. Euronet Pakistan has collaborated with fintech as a third-party processor of domestic and international transactions for NayaPay’s business customers.

NayaPay is a fintech platform empowering underserved consumers and SMBs with better access to financial services. While its chat-led payments app enables Pakistani citizens to open a wallet on their smartphone and order free Visa debit card, NayaPay is now set to introduce solutions for merchants. NayaPay Arc aims to empower entrepreneurs, the majority of whom are unregistered, have traditionally dealt primarily in cash, and have very limited access to business banking. Arc will provide universal payments acceptance and a range of business financial management tools to give business owners visibility of their cash flows, pay suppliers and grow sales. SMBs will be able to set up their Arc merchant account in minutes and offer debit and credit card, bank transfer, and RAAST as payment options to their customers – breaking traditional barriers and friction associated with payment acceptance.

Euronet is a leading global financial technology solutions and payments provider. NayaPay will integrate Euronet’s gateway services to authorize and route POS transactions to major payment schemes. Euronet will manage incoming and outgoing clearing file exchange with international card schemes such as Visa and Mastercard for settlements and card association clearing reports of NayaPay POS and e-Commerce transactions. The gateway services are hosted on Euronet’s robust PCI-DSS compliant infrastructure in its data center facilities in Pakistan, enabling the provision of a superior experience for NayaPay merchants through guaranteed service levels and uptime.

Speaking at the occasion, Kashif Gaya, Chief Executive Officer Euronet Pakistan said:

“We are excited to be a part of NayaPay’s journey in revolutionizing the payment industry by empowering them with world-class payment processing solutions and innovative range of products. The future belongs to cashless transactions and this strategic collaboration is a stepping stone towards Euronet’s mission of accelerating the digital payment eco-system in the country by offering a secure, convenient, and seamless payments experience to its valued partners”

Danish A. Lakhani, CEO NayaPay, said:

“We are excited to partner with Euronet, an internationally renowned payments solution provider. Integrating with the Euronet platform will be invaluable as we execute our strategy to deliver frictionless payments acceptance and SAAS solutions to merchants. We are enthralled about serving Pakistani entrepreneurs with solutions to digitize their payments and integrate with the global financial system while growing sales and increasing their productivity.”

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

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

18 October 2019

NayaPay, an upcoming EMI, is now PCI DSS certified

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.