NayaPay is the new way users can make digital payments.
It’s an online payments solutions provider for Pakistani citizens, approved by State Bank, and available on Android platform.
The platform was founded to make everyday payments easier for consumers, businesses and freelancers. And like most mobile banking apps, there are a tonne of customer convenience.
We’ll be breaking down the entire registration process of NayaPay App, NayaPay Visa debit card, their physical visa debit card, wallet account, fund transfers, and all the value added payment solutions its bringing to NayaPay consumers.
NayaPay App & Digital Payments
To assess if NayaPay App is going to help you or not, let’s look at the basic benfits:
Benefits of NayaPay Wallet
It is fast – with NayaPay wallet, you can pay for goods and services fast. This ensures your transactions can proceed smoothly and without delay.
It is reliable – NayaPay consumer app is trustworthy and reliable. You can rest assured there will be no episodes of missing funds and the likes. Every transaction is properly documented and failed ones are duly refunded.
It simplifies payments – NayaPay makes digital payments much easier. No longer do you or your customers have to queue at the bank to make payments or meet physically. What’s more? The company’s platform adopts a simplistic user interface that makes these everyday payments fun and seamless.
It broadens your payment options – with NayaPay, you can pay for goods and services from different locations globally. Distance and border are no longer a barrier. Think popular international websites such as Netflix…
It is secure – The app employs a robust security architecture to protect NayaPay users’ data and ensure they are not susceptible to fraudulent activities. It is PCI-DSS and ISO 27001 certified. Along with this, it uses 3DSecureTM and Visa’s AI based system to guard against online fraud. Finally, every transaction requires fingerprint or MPIN authorization for success.
Use Cases of NayaPay
When you register for NayaPay wallet as an individual, you are eligible to receive a Visa debit card instantly. With this card, you can pay for goods and services in-store, online, and internationally.
Are you a Stormfiber subscriber? You will be able to pay their invoices from NayaPay.
Do you wish to make payments on Netflix? Well, with NayaPay VISA virtual card you can make everyday payments and if you don’t want to use the card anymore, just freeze it, place spending limits on it, and even change the PIN – all of these through your mobile app. Even better is the fact that the service is FREE! There are no hidden charges, SMS charges, or annual fees. You pay nothing for usage.
To reflect the diverse needs of consumers today, NayaPay offers two types of debit cards: virtual and physical. Each has its strengths and limitations. For instance, while virtual debit cards are perfect for online transactions, they cannot be used for in-store payments or ATM withdrawals. For such purposes, you will need a physical debit card.
Want to send money to a loved one? Or just comment on a particular bill payment? NayaPay has a chatlike UI that allows you to do just that. So, you can leave a note explaining what the money you are sending is for and how it should be spent, among others.
Are you having a night out with the girls? Attending an event with your boys? Calculating how to split the bill can be a bit of a hassle. With NayaPay, you do not have to worry about that. The mobile application will not only do this for you, it will also send requests to everyone involved to pay their part.
By now you are hopefully convinced of the immense value NayaPay offers! If you know someone who does not have a bank account or is afraid of opening accounts with any financial services in Pakistan, NayaPay is a very safe and perfect solution for e money account.
Get NayaPay App
NayaPay is fairly new and hence has a wait list. You need to sign up on their website and wait for your turn to get invited into the system. Leave your name, number and email address etc. with them.
Once you have the invite, the process is simple:
- Download the application from Google Play Store
- Pick a username
This is it.
Your Nayapay App will then ask for your CNIC to open a digital wallet. As soon the particulars are confirmed from Nadra database, you will get access to your free Nayapay digital wallet.
NayaPay for business enterprises goes under the name of NayaPay Arc. To register for this product, do the following:
- Visit the NayaPay website.
- Click on the “Get NayaPay Arc” button on the “Business” page
- Fill in your name, business name, email, and other information required
- Follow the instructions
With this, you will be able to expand your business and open it up to more users. There is a wait list for Arc as well, so sit tight while they give you access to it.
Now let’s take a peak at how you can use NayaPay.
How to Use NayaPay
Using NayaPay is simple and straightforward. Once you have the application on your phone, do the following:
- Link your bank account, if you don’t want to, that’s fine too.
- Fund your wallet via your bank account, portal, or bank counter
- Send money to your friends and family and also pay bills and invoices with the application
If you have a NayaPay debit card, you can use it to withdraw from ATMs and to pay for goods and services.
For NayaPay Visa debit card, you have to get verified. The platform’s team will verify the details and ensure it is authentic. Once done, you will be able to use your NayaPay wallet. However, your spending will be limited and to increase it, you will have to do a biometric verification.
How to Use NayaPay Arc
NayaPay Arc has two payment methods – POS machines and online. As a result, people can pay you in person with their physical cards and also online.
For customers who want to pay online:
- Head to NayaPay Arc
- Create a payment link
- Share it with your customers via which platform they want
- Get paid
Considering NayaPay is fairly new, here is their contact info in case you want to reach out and speak to them.
Email: [email protected]
Telephone (International) – +(1) 650 468 2078
You can also contact the company by filling the form on their contact page.
Frequently Asked Questions
Does NayaPay accept over the counter payments?
Yes, over the counter cash deposits can be made into your NayaPay Wallet. NayaPay works with few banks for now – Meezan Bank, HBL and Faysal Bank. However be sure to see what these transactions come with, free or a charge.
Does NayaPay charge the same amount on all transactions?
No, NayaPay does not charge the same amounts on different transactions. Charges differ from one transaction to another. If you want more information on this, click on the “Schedule of Charges” at the bottom of the page.
Does NayaPay facilitate international payments?
Yes, you can make and receive international payments with NayaPay. In fact, when you register for either NayaPay or NayaPay Arc, you will automatically be entitled to a Visa debit card you can use for your activities. You can receive money from Payoneer, Remitly, Wise, Western Union, The Saudi Investment Bank and others mentioned in the below screenshots.