Islamabad, Pakistan – OPay International PTE. LTD. (OPay), a prominent global fintech platform, has acquired Finja Private Limited, a licensed Electronic Money Institution (EMI) in Pakistan, from its parent company, Finja, Inc. (Delaware). This acquisition marks OPay’s official entry into Pakistan’s fast-evolving fintech market, underscoring its commitment to advancing financial inclusion and innovation.
The move aligns with OPay’s strategy to grow its global operations and tap into emerging markets. By combining Finja’s expertise with its own capabilities, OPay plans to accelerate the adoption of digital financial services in Pakistan, meeting the changing needs of businesses and consumers alike.
Commitment to Financial Inclusion in Pakistan
Aurang Zeb Khan, Country Head of OPay Pakistan, shared his excitement about this new chapter:
“Pakistan holds incredible potential, and we are eager to harness technology to empower individuals and drive financial inclusion. With this acquisition, we’re introducing a broader range of financial solutions while contributing to the growth of the country’s economy.”
Finja’s Journey to New Heights
Saad Hassan, CEO of Finja, Inc. (Delaware), expressed optimism about the collaboration with OPay:
“OPay is the ideal partner to take Finja’s growth to the next level. With their global expertise and resources, they are well-positioned to innovate and expand within the Pakistani market. This acquisition resolves past challenges for Finja and sets the stage for deeper collaboration to strengthen the financial ecosystem in Pakistan.”
Acknowledging Key Contributions
OPay and Finja extended appreciation to Ali Mubashar Kazmi for his invaluable support throughout the process. They also recognized the essential role played by Pakistan’s regulatory authorities, including the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and Competition Commission of Pakistan (CCP), in ensuring a smooth transaction.
This acquisition solidifies OPay’s commitment to driving innovation and empowering financial ecosystems in Pakistan. With this move, OPay emerges as a significant player in the country’s growing fintech industry, promising transformative changes in digital financial services.
