Faysal Bank and NayaPay Pvt. Ltd. have recently signed a Memorandum of Understanding (MoU) in Karachi.
As NayaPay is an Electronic Money Institution hence, it will facilitate the users with E-money accounts and digital transactions. The collaboration between the banks will enable Faysal Bank customers to use Faysal digibank application to make the business payments. Customers will also be able to load and withdraw from their NayaPay accounts easily.
Speaking at the occasion, Chief Digital Officer Faysal Bank Mr. Dato’ Arif Siddiqui said, “NayaPay is one of the forthcoming fin techs in Pakistan which promises to be a successful EMI under the new regulations set forth by State Bank of Pakistan. We at Faysal Bank are excited to be partners with NayaPay and look forward to support them in their journey to digitize payments in the country.”
“NayaPay is developing an indigenous digital payments platform with a network of partnering banks to provide our collective customers with immense value and convenience. We look forward to building upon our relationship with Faysal Bank and enabling access to financial services for various segments of the Pakistani society,” said Mr. Danish Lakhani, CEO NayaPay.