Title:
Soneri Bank and NayaPay Forge Strategic Partnership to Revolutionize Digital Payments in Pakistan
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In a significant move aimed at transforming the digital payments landscape in Pakistan, Soneri Bank, a prominent banking institution, and NayaPay, a leading fintech platform, have joined forces through a strategic partnership.
The partnership agreement, inked by Mr. Syed Amir Raza, Chief Digital & Innovation Officer at Soneri Bank, and Omar Askari, Chief Business Officer at NayaPay, marks a pivotal moment in the evolution of digital financial services in the country. Accompanying them were key team members from both organizations including Mr. Mehtab Haider, Head of Debit Card and Partnerships at Soneri Bank, and Mr. Muhammad Faraz Khan, Head Implementation and Innovation.
NayaPay, as the pioneer E-Money Institution in Pakistan, is dedicated to empowering underserved consumers and small and medium-sized businesses (SMBs) with improved access to financial services. On the other hand, Soneri Bank Limited, with its extensive network of over 460 branches and ATMs nationwide, stands as a leading full-service commercial bank committed to delivering innovative financial solutions and superior customer service.
This strategic collaboration heralds a new era of convenience and efficiency for customers, as it enables seamless fund transfers between Soneri Bank and NayaPay accounts. Additionally, customers can now make payments to NayaPay merchants directly from their Soneri Bank accounts, streamlining the payment process and enhancing overall user experience.
Syed Amir Raza, Chief Digital and Innovation Officer at Soneri Bank, expressed his enthusiasm about the partnership, stating, “We are delighted to partner with NayaPay. Our combined expertise will unlock new possibilities and enable us to thrive in an increasingly digital landscape. This partnership is significant in today’s fast-paced digital banking business environment to stay at the forefront with efficient and innovative digital solutions.”
Echoing this sentiment, Omar Askari, Chief Business Officer at NayaPay, remarked, “We are incredibly excited to collaborate with our friends and partners at Soneri Bank. Empowering our mutual customers with the ability to link accounts to seamlessly transfer funds between their bank accounts and their NayaPay wallets gives Pakistanis more agency and control over their finances. This is in line with our ecosystem’s progressive evolution to open banking.”
With this strategic partnership, Soneri Bank and NayaPay are poised to drive forward the digital transformation of financial services in Pakistan, ushering in a new era of convenience, accessibility, and innovation for customers across the nation.
