- Alipay+ partners with Pakistan’s NayaPay for cross-border payments.
- Collaboration enables QR code compatibility between Alipay and Raast.
- Partnership gives Pakistani SMEs better access to global markets.
Alipay+, the digital payments platform operated by Ant Group, has partnered with Pakistani fintech NayaPay to boost global payments into Pakistan.
The collaboration will allow Alipay+ to deploy QR codes in Pakistan that are compatible with the country’s real-time payment system, Raast and Alipay’s network of global partners.
Solving cross-border payment challenges
The strategic partnership aims to address issues like limited interoperability between payment systems and high transaction costs for cross-border transfers.
It will connect Pakistan’s cashless economy with digital wallets and bank apps from markets around the world through Alipay+’s ecosystem of over 25 payment partners.
Boosting SME access to global markets
For Pakistani businesses, especially SMEs, the collaboration with NayaPay opens up access to seamless inbound remittances and foreign exchange flows. This marks Alipay+’s steady expansion in Asia after recently announcing integrations in the Philippines and Thailand as well.
Alipay+ continues to ramp up its cross-border payments and marketing capabilities through partnerships across Southeast Asia. Tapping into high-growth markets like Pakistan allows Alipay+ to extend its reach while providing infrastructure for digital payments.
