Islamabad, Pakistan – OPay International PTE. LTD. (OPay), a leading global fintech platform, has successfully acquired Finja Private Limited, a licensed Electronic Money Institution (EMI) in Pakistan, from its parent company, Finja, Inc. (Delaware). This landmark acquisition signals OPay’s entry into the dynamic Pakistani fintech market, reflecting its commitment to driving financial inclusion and innovation in the region.
The acquisition aligns with OPay’s strategy to expand its global footprint and strengthen its presence in emerging markets. By integrating Finja’s operations and expertise, OPay aims to accelerate the adoption of digital financial services across Pakistan, offering cutting-edge solutions to meet the evolving needs of local consumers and businesses.
“Excited to Empower Pakistan’s Fintech Landscape”
Aurang Zeb Khan, Country Head of OPay Pakistan, expressed optimism about the acquisition, stating:
“Pakistan is a country with immense potential, and we are committed to leveraging technology to drive financial inclusion and empower individuals. This acquisition enables us to offer a wider range of financial services to our customers and contribute meaningfully to the growth of the Pakistani economy.”
Saad Hassan’s Vision for Finja’s Future
Saad Hassan, CEO of Finja, Inc. (Delaware), also shared his enthusiasm for the partnership, highlighting OPay’s potential to propel Finja’s growth to new heights:
“We are confident that OPay is the right partner to take Finja to the next level. With their global expertise and resources, they will undoubtedly drive significant innovation and growth in the Pakistani market. This transaction ensures a fresh direction for Finja, institutionally resolving prior challenges and paving the way for enhanced collaboration with OPay to strengthen Pakistan’s financial ecosystem further.”
Acknowledgments and Regulatory Collaboration
Both OPay and Finja extended heartfelt gratitude to Ali Mubashar Kazmi for his instrumental guidance throughout the acquisition process. The companies also acknowledged the critical role played by Pakistan’s regulatory authorities, including the State Bank of Pakistan (SBP), the Securities and Exchange Commission of Pakistan (SECP), and the Competition Commission of Pakistan (CCP), in facilitating the transaction.
This strategic move underscores OPay’s dedication to fostering innovation and financial empowerment in Pakistan. The acquisition positions OPay as a key player in the country’s burgeoning fintech sector, promising a transformative impact on the digital financial services landscape.
