NayaPay has joined the Visa Fintech Fast Track program, speeding up the payment company’s integration process with Visa and enabling NayaPay to leverage the reach, capabilities, and security of the Visa global payments network.
Through the Fast Track program, NayaPay has access to Visa’s growing partner network, technology, and resources to accelerate innovation in digital payments in Pakistan.
As an electronic money institution (EMI), NayaPay will enable users to open e-money accounts within a few minutes and make hassle-free digital payments to each other and to businesses. NayaPay consumers and merchants can use their NayaPay Visa debit card to perform online and in-store transactions with millions of retailers worldwide as well as withdraw cash conveniently at any ATM location. NayaPay customers can also scan Visa merchant QR code to make payments directly through their app. It will also be leveraging Visa Direct to simplify cross-border money transfers for freelancers and other Pakistan-based businesses working with international clients, and households receiving remittances from their families around the world.