Through the Fast Track program, NayaPay has access to Visa’s partner network, technology, and resources to innovate digital payments in Pakistan.
As an Electronic Money Institution (EMI), NayaPay will enable users to open emoney accounts and make 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 retailers worldwide, as well as withdraw cash at any ATM location. NayaPay customers can also scan Visa merchant QR codes to make payments directly through their app.
NayaPay 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 abroad. Users will be able to accept funds into their NayaPay wallets from over a billion Visa cards across the globe.
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