Alipay+, the cross-border digital payment and marketing platform operated by Ant Group’s Ant International, is partnering with Pakistani fintech platform NayaPay to “boost global payments in Pakistan”.
The two companies will deploy QR codes compatible with Raast (Pakistan’s instant payment system) and Alipay+ payment partners, including e-wallets and banking apps. This will facilitate foreign exchange inflows and at the same time connect cashless payment systems in global markets to Pakistan.
The collaboration will also aim to address common issues, such as limited interoperability and high transaction costs. Through this partnership, NayaPay will connect Pakistani businesses, especially SMEs, with more than 25 global Alipay+ payment partners.
Alipay+’s move follows its steady expansion across Southeast Asia over the past few quarters. In September last year, the company announced integrations with digital payment platforms in the Philippines. It has also created integrations for its mobile wallet system in Thailand, among other countries.
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