OPay International, a prominent global fintech platform, has made a strategic move to further solidify its position in Pakistan’s burgeoning fintech market. The company has successfully acquired Finja Private Limited, a licensed Electronic Money Institution (EMI) in Pakistan, from Finja, Inc. (Delaware).
This acquisition is seen as a pivotal step for OPay to accelerate the adoption of digital financial services in Pakistan. By leveraging Finja’s existing infrastructure and regulatory licenses, OPay aims to offer a wider range of innovative financial solutions to Pakistani consumers.
Aurang Zeb Khan, Country Head of OPay Pakistan, expressed enthusiasm 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.” He further emphasized OPay’s dedication to contributing to the growth of the Pakistani economy through this strategic move.
Saad Hassan, CEO of Finja, Inc. (Delaware USA), shared his optimism about the partnership with OPay. He believes that OPay’s global expertise and resources will propel Finja to new heights and drive significant innovation in the Pakistani market. Hassan also addressed past challenges, assuring that the acquisition will resolve any institutional issues.
Both OPay and Finja extended their gratitude to Ali Mubashar Kazmi for his guidance and support throughout the acquisition process. Additionally, both parties expressed their appreciation for the regulatory authorities, including the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and the Competition Commission of Pakistan (CCP), for their cooperation and support in facilitating the transaction.
With this acquisition, OPay strengthens its commitment to Pakistan’s digital financial landscape and positions itself as a key player in driving financial inclusion and economic growth.
