Askari Bank and NayaPay announced a deal to boost digital payments in Pakistan. NayaPay, as an Electronic Money Institution (EMI), allows consumers to open E-money accounts in a few easy steps.
E-money account holders can use the NayaPay app and accompanying debit cards to make digital payments, which are accepted at ATMs and businesses across Pakistan.
Askari Bank’s Digital Banking Strategy includes offering consumers new and creative digital ways of transactions.
Customers of Askari Bank will be able to link their Askari Bank account to their NayaPay wallet for easy money transfers across accounts and merchants will be able to unload payments to their specified Askari Bank account as a result of this agreement.
On the NayaPay app, consumers and businesses may pay verified merchants using their associated accounts.
“Askari Bank is a firm believer that synergies within a financial ecosystem will not only benefit consumers but will also assist in achieving the financial inclusion objective,” Syed Jafar Raza Rizvi, Acting Head Corporate & Investment Banking, stated.
“In the coming years, the interplay between technology and financial services will only intensify.” “We are delighted to welcome NayaPay as one of our partners at Askari Bank,” he added.
“At NayaPay, we are building an indigenous digital platform to address the everyday payment pain-points of Pakistani citizens,” stated Danish Lakhani, CEO of the company.
“The Askari Bank and NayaPay partnership is a step toward creating an enabling environment that fosters innovation and transparency to create value for our combined customers,” he added.