Zhong Guo Jing Ji Wang·2025-12-19 10:39Group 1 - NayaPay, a Pakistani fintech platform, has partnered with Ant Group's Alipay+ to launch a global QR code payment service, allowing millions of NayaPay users to make payments at Alipay+ partner merchants in over 50 countries, enhancing cross-border payment security, convenience, and cost-effectiveness [1] - The CEO of NayaPay, Danish A. Lakhani, stated that the company aims to provide an international payment experience for the people of Pakistan, and this partnership is a significant step towards that goal [1] - NayaPay had previously partnered with Alipay+ in April 2024, becoming the first platform in Pakistan to enable users to make payments at 80 million Alipay+ partner merchants in mainland China [1] Group 2 - Alibaba Group's involvement in Pakistan's digital payment sector dates back to March 2018, when Ant Group invested $184.5 million for a 45% stake in Telenor Group's microfinance bank, helping to upgrade the local mobile wallet Easypaisa into a "Pakistani version of Alipay" [2] - Easypaisa has grown to become Pakistan's largest digital payment platform, with over 50 million users and processing 2.8 billion transactions in 2024, serving as a crucial pillar for the local digital economy [2] - Following the 2025 Shanghai Cooperation Organization summit, Alibaba signed a memorandum of understanding with Pakistan's Ministry of Information Technology, indicating that the collaboration is a vital step for Pakistan's digital economy, promoting innovation and enhancing the country's participation in global digital trade [2]