OPay International PTE. LTD., a global fintech platform, has announced the acquisition of Finja Private Limited, a licensed Electronic Money Institution (EMI) in Pakistan. This strategic move solidifies OPay’s position in the Pakistani market and enables it to offer a wider range of financial services to consumers.
The acquisition of Finja aligns with OPay’s global expansion strategy and its commitment to driving financial inclusion. By leveraging Finja’s existing infrastructure and customer base, OPay aims to accelerate the adoption of digital payments and other financial services in Pakistan.
Aurang Zeb Khan, Country Head of OPay Pakistan, expressed enthusiasm about the acquisition, stating, “Pakistan is a country with immense potential, and we are committed to leveraging technology to empower individuals. This acquisition will enable us to offer a wider range of financial services to our customers and contribute to the growth of the Pakistani economy.”
Saad Hassan, CEO of Finja, Inc., shared his optimism regarding the future of Finja under OPay’s leadership. He emphasized that the acquisition will provide the platform with the necessary resources and expertise to drive innovation and growth.
Both OPay and Finja acknowledged the invaluable support of Ali Mubashar Kazmi throughout the acquisition process. They also expressed their gratitude to the regulatory authorities, including the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and the Competition Commission of Pakistan, for their guidance and cooperation.
This acquisition marks a significant milestone for both OPay and Finja, and it is expected to have a positive impact on the Pakistani fintech landscape.
