The seed funding brought together a series of global institutions and angel investors, including MSA Novo, Singapore-based Saison Capital, and Empower Finance’s CEO, Warren Hogarth.
NayaPay is the first institution on its kind to receive an e-money license from the central bank, State Bank of Pakistan. The fintech aims to simplify financial services and make them accessible to millions of Pakistani users across the country. It also wishes to boost digitisation, especially for the unbanked population.
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