NayaPay rolls out global QR payments in 50+ countries

Partnership with Alipay+ expands cross-border payment access for Pakistani users

SINGAPORE:

NayaPay, a Pakistani fintech platform, has launched global QR payments in collaboration with Ant International's Alipay+ wallet gateway.

According to a statement, the partnership enables NayaPay users to scan and pay at Alipay+ merchants across more than 50 countries. The service connects Pakistani consumers to international payment acceptance in sectors including retail, dining, transport, healthcare and entertainment. Under the arrangement, users can make payments abroad through QR scans with lower transaction costs and reduced processing steps. Alipay+ connects 40 international mobile payment partners to more than 150 million merchants globally.

The company said the launch adds global QR acceptance to its existing services, which include Visa debit cards, local and international money transfers, bill payments and home remittances.

NayaPay Chief Executive Officer Danish A Lakhani said the company's aim was to provide Pakistanis with greater confidence in managing payments internationally. He said the service allows users to make payments abroad in a simpler and more affordable manner. He added that the platform was designed to support users travelling for education, work or personal reasons. Pan Yan, Head of the Strategic Partnership Office for Alipay+, said the objective of the platform was to enable cross-border payments through digital channels. She said mobile payment platforms are changing how travellers interact with local merchants. She added that the collaboration would allow Pakistani users to rely on a familiar payment system while travelling.