NayaPay
Pakistani money app + SMB rails.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — E-money institution (State Bank of Pakistan EMI license, 2021).
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from NayaPay’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Karachi, PK |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | E-money institution (State Bank of Pakistan EMI license, 2021) |
| Card | Visa · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Countries | Pakistan |
| Founders | Danish Lakhani |
| Funding | ~$13M raised |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @NayaPayInc ↗
Common questions about NayaPay
What is NayaPay?
NayaPay is a fiat neobank, headquartered in Karachi, PK and founded in 2019. Your money is held custodially, so NayaPay or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (E-money institution (State Bank of Pakistan EMI license, 2021)).
Does NayaPay have a card, and where can you use it?
It issues a Visa debit card. It is available in Asia.
Does NayaPay require KYC?
Yes. NayaPay requires identity verification (KYC) to open an account, as a e-money institution.
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
NayaPay appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Asia (132) · Neobanks that issue a Visa card (182)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.