NayaPay partners with Alipay+ for direct payments

Becomes 11th overseas, first Pakistani payments platform to ‘roam’ in China

KARACHI:

Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organisations, launched in Beijing a nationwide programme to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

Working with local merchants, tourism sites and commercial districts, the programme aims to enhance international visitors’ experience and drive business for local merchants.

Ant Group now offers two mobile payment alternatives for overseas visitors in China. Alipay+, a suite of cross-border mobile payment and digitalisation technology solutions under Ant International, enables overseas consumers to pay with their home e-wallets across China.

Travellers may also choose to bind major international bank cards, including Visa, Mastercard, JCB, Discover, and Diners Club International to an Alipay app to access a rich array of local Alipay services from shopping, dining, ride hailing to public transportation while in the Chinese mainland, without needing a local bank account or phone number.

As part of the International Consumer Friendly Zones programme, Ant Group will collaborate closely with partners to significantly enhance accessibility and convenience of the two mobile payment options for international visitors.

At the launch, Alipay+ jointly announced with NayaPay, Pakistan’s leading fintech platform, that NayaPay users will be able to make payments with their e-money account at Alipay+’s extensive network of 80 million merchants in China, as bilateral trade and visits increase.

NayaPay thus becomes the 11th overseas and first Pakistani payments platform to “roam” in China.

NayaPay CEO Danish A Lakhani said, “Today marks a monumental milestone in the commercial relationship between China and Pakistan as we witness the establishment of the first direct payment channels between our two nations. This development is made possible through the collaborative efforts of Ant Group, NUCC, and NayaPay. This achievement not only paves the way for a new era of financial transactions but also symbolises joint innovation between our nations.”

Published in The Express Tribune, April 10^th, 2024.

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