JS Bank and NayaPay have inked an agreement to work together to improve 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 between accounts and for merchants to unload funds to their specified JS Bank account.
Furthermore, consumers and businesses can utilize their linked accounts to pay verified merchants via the NayaPay app. Customers can also load their NayaPay wallets by utilizing the JSBL internet banking portal and mobile banking app, or by visiting any JSBL office for over-the-counter cash deposits.
Noman Azhar, Chief Digital Officer, spoke about the collaboration. said
“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 to fill the gaps in the current ecosystem”.
As per Faraz Javed, Chief Information Officer at NayaPay,
“At both NayaPay and JS Bank, customer convenience without compromising security is paramount- our strategic partnership will go a long way towards achieving this goal. We look forward to a strong relationship between JS Bank and NayaPay to bring immense value to our collective customers.”
As an Electronic Money Institution (EMI), NayaPay enables users to open E-money accounts and make digital payments to each other and companies in a few simple steps. JS Bank has been added to NayaPay’s growing list of partner banks as a result of this agreement. The agreement will increase the number of digital payment options available to both institutions’ clients, while also increasing ease and comfort.
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