JS Bank and NayaPay have signed an agreement to collaborate on enhancing digital payments in Pakistan.
As a result, mutual users of JS Bank and NayaPay can link their JS Bank account or JCash wallet to their NayaPay wallet for easy money transfers and merchant offloading to their specified JS Bank account. Additionally, consumers and businesses can pay authorised merchants on the NayaPay app using their associated accounts. Customers can also load their NayaPay wallets by visiting any JSBL branch for over-the-counter cash deposits or by utilising the JSBL online banking portal and mobile banking app.
Speaking about the partnership, Noman Azhar, Chief Digital Officer – JS Bank stated,
“This partnership will allow us to fulfill one of our key objectives which is delivery of value-added payment solutions in a simple, convenient and easy manner. We believe in providing an enabling environment to startups which can help filling the gaps in current eco system”
Faraz Javed, Chief Information Officer – NayaPay said,
“Customer convenience without compromising security is fundamental for both NayaPay and JS Bank, and our strategic relationship will go a long way toward attaining this aim. We anticipate a robust partnership between JS Bank and NayaPay that will provide tremendous value to our combined customers.”
NayaPay, as an Electronic Money Institution (EMI), allows users to open E-money accounts in a few easy steps and make digital payments to each other and companies. JS Bank has joined NayaPay’s growing list of partner banks as a result of this agreement. Customers of both companies will have more options for digital payments as a result of the agreement, which will be simple and convenient.
About JS Bank:
With a domestic and international reach, JS Bank is one of Pakistan’s fastest-growing banks. The bank is a market leader in SME lending and has a significant presence in Digital Banking and Consumer Loans. JS Bank has received awards from a variety of international and national organisations, including AsiaMoney, Asian Banking and Finance, DIGI, and Pakistan Banking Awards. The Bank is a subsidiary of the JS Group, one of Pakistan’s most diverse and forward-thinking financial services conglomerates. Visit http://www.jsbl.com for further details.