AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Print Print 2020-02-17

Faysal Bank, NayaPay sign MoU

Faysal Bank has joined hands with NayaPay Pvt. Ltd. as one of its partner banks. The two organizations signed a Memorandum of Understanding (MoU) in Karachi.
Published 17 Feb, 2020 12:00am

Faysal Bank has joined hands with NayaPay Pvt. Ltd. as one of its partner banks. The two organizations signed a Memorandum of Understanding (MoU) in Karachi.

As an Electronic Money Institution (EMI), NayaPay will enable users to open E-money accounts and make digital payments to each other and to businesses conveniently. This collaboration will enable Faysal Bank customers to make payments to merchants through NayaPay's EMVCo. QR codes using the Faysal digibank app. Customers will also be able to load and withdraw from their NayaPay accounts easily.

Dato' Arif Siddiqui, Chief Digital Officer, Faysal Bank 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."

Speaking at the signing ceremony, Danish Lakhani, CEO NayaPay, said: "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."-PR

Copyright Business Recorder, 2020

Comments

Comments are closed.