Wallets/nayapay
NayaPay
0 standards supported
Overview
NayaPay is one of Pakistan's fastest-growing fintech digital wallets, operating as Electronic Money Institution (EMI) under SBP (State Bank of Pakistan) [1, 2, pk-cro]. Used by millions of Pakistani users.
December 2025 — NayaPay + Alipay+ global QR payments launch [3]: Distinctive strategic partnership with Ant International's global wallet gateway — enables millions of NayaPay users to scan-and-pay at Alipay+ merchants across 50+ countries initially.
Distinctive NayaPay positioning [4]:
- Any Pakistani citizen 18+ can open NayaPay wallet.
- Free Visa Virtual card for international + local online payments.
- Optional Visa physical debit card for cash withdrawal at ATMs + in-store payments at 100+ million merchants globally.
- Pakistani citizens + freelancers + remittance recipients — distinctive Pakistani-fintech-segment focus.
History
2022 — NayaPay launches [2] as Pakistan EMI digital wallet.
2023-2024 — Mass Pakistani adoption [1]: Multi-million-user growth.
December 2025 — NayaPay + Alipay+ global QR payments launch [3]: 50+ countries cross-border scan-and-pay.
Ownership & operator
Operating entity: NayaPay — Pakistan EMI digital wallet fintech.
Co-founders: Danish Lakhani (CEO) + Saad Niazi + team.
Major investors: MSA Capital + Zayn Capital + Patrick Pichette (Inovia Capital) + others.
Regulators: SBP (State Bank of Pakistan) — Electronic Money Institution license.
Technical integration
| Layer | Description |
|---|---|
| Channels | NayaPay mobile app (iOS + Android) + Virtual Visa card + Physical Visa debit card (optional) |
| Identifiers | Phone + email + CNIC (Pakistani Computerized National Identity Card) |
| License | SBP EMI (Electronic Money Institution) |
| Sub-products | NayaPay wallet + Virtual Visa card + Physical Visa debit card + remittances + bill payments + Alipay+ global QR (Dec 2025+) |
| Cross-border | Dec 2025 NayaPay + Alipay+ global QR payments — 50+ countries |
| Network partner: Visa (Virtual + Physical debit cards) |
Users & growth
- Users: millions of Pakistani users (specific 2025 numbers not publicly disclosed)
- December 2025 milestone: NayaPay + Alipay+ global QR payments launch (50+ countries cross-border scan-and-pay)
- Network partner: Visa (Virtual + Physical debit cards)
Use cases
Pakistani digital wallet for any Pakistani citizen 18+; Free Visa Virtual card for international + local online payments; Physical Visa debit card for ATM cash + 100M+ global merchant in-store payments; remittance reception from Pakistani diaspora abroad; bill payments + split bills; Alipay+ global QR cross-border scan-and-pay at 50+ countries (Dec 2025+).
Implementations & partners
Operator: NayaPay (Danish Lakhani CEO + Saad Niazi + team).
Network partner: Visa (Virtual + Physical debit cards).
Dec 2025 cross-border partner: Ant International (Alipay+) for global QR payments in 50+ countries.
Major investors: MSA Capital + Zayn Capital + Patrick Pichette (Inovia Capital) + others.
Major Pakistani digital wallet competitors:
- [[sadapay]] (Pakistan EMI digital wallet; 3M users 2025; Brandon Timinsky founder; $50M Papara acquisition Feb 17 2024)
- [[easypaisa]] (Batch 5 covered; Telenor + Ant Group EasyPaisa Pakistan)
- [[jazzcash]] (Batch 4 covered; Jazz / Veon JazzCash Pakistan)
Regulator: SBP (State Bank of Pakistan).
Fun facts
- Pakistan's fastest-growing fintech digital wallets — NayaPay.
- 2022 founding by Danish Lakhani + Saad Niazi + team.
- Backed by MSA Capital + Zayn Capital + Patrick Pichette (Inovia Capital former Google CFO).
- December 2025 NayaPay + Alipay+ global QR payments launch — 50+ countries cross-border scan-and-pay via Ant International's global wallet gateway.
- Visa partnership: Free Virtual card + optional Physical debit card.
- 100M+ global merchants accessible via Visa debit card.
- Any Pakistani 18+ eligible — no Pakistani-bank-account requirement.
Comparison
| Feature | NayaPay | [[sadapay]] (PK rival; Brandon Timinsky founder; Papara $50M Feb 2024 acquisition) | [[easypaisa]] (Batch 5; Telenor + Ant Group rival) | [[jazzcash]] (Batch 4; Jazz / Veon rival) | [[alipay]] (Batch 1; Ant Group Chinese super-app + Alipay+ partner) |
|---|---|---|---|---|---|
| Operator | NayaPay (Danish Lakhani CEO + Saad Niazi + team; MSA Capital + Zayn Capital + Patrick Pichette/Inovia Capital backed) | SadaPay (Brandon Timinsky founder; Papara $50M Feb 17 2024 acquisition) | Telenor + Ant Group EasyPaisa | Jazz / Veon JazzCash | Ant Group |
| Type | PK EMI digital wallet + Visa Virtual + Physical debit + Dec 2025 Alipay+ global QR (50+ countries) | PK EMI digital wallet (Papara-owned) | PK mobile wallet | PK mobile wallet | China super-app + global cross-border |
| Country | Pakistan | Pakistan | Pakistan | Pakistan | China + global cross-border |
| Users | Millions of PK users (specific 2025 numbers not disclosed) | 3M users 2025 | 35M+ EasyPaisa | 38M+ JazzCash | 1.3B+ |
| Distinctive | Dec 2025 Alipay+ global QR partnership (50+ countries); Visa Virtual + Physical debit card; Patrick Pichette (Inovia Capital former Google CFO) backed | Brandon Timinsky founder; Papara Turkish fintech $50M acquisition; user complaints about unexplained deductions + frozen accounts 2025 | Telenor + Ant Group; Pakistan's #1 mobile wallet | Jazz / Veon-anchored; Pakistan's largest mobile wallet by users | Ant Group super-app dominant |
Status
Active, one of Pakistan's fastest-growing fintech digital wallets [1, 3]:
- NayaPay (EMI; Danish Lakhani CEO) since 2022.
- Used by millions of Pakistani users.
- December 2025 NayaPay + Alipay+ global QR payments launch — 50+ countries cross-border scan-and-pay via Ant International.
- Visa partnership: Free Virtual card + optional Physical debit card.
- SBP EMI regulated.
Sources
- 1 NayaPay — official
- 2 Who is NayaPay for — NayaPay Help Center
- 3 NayaPay + Alipay+ global QR Dec 2025 — NayaPay
- 4 SadaPay vs NayaPay 2025 — TechJuice
- pk-cro In-corpus:
reports/countries/PK-pakistan.md
Source
Biography extracted from nayapay.md. See matrix.md for standards-support matrix if present.