OPay International PTE. LTD. (OPay), a leading global fintech platform, on Wednesday announced the successful acquisition of Finja Private Limited, a licensed Electronic Money Institution (EMI) in Pakistan, from Finja, Inc. (Delaware).

This strategic acquisition marks a significant milestone for OPay as it expands its global footprint and strengthens its position in the burgeoning Pakistani fintech market. By acquiring Finja, OPay aims to accelerate the adoption of digital financial services and provide innovative solutions to Pakistani consumers.

“We are excited to acquire Finja Private Limited and enhance the OPay family,” said Aurang Zeb Khan, Country Head of OPay Pakistan. “Pakistan is a country with immense potential, and we are committed to leveraging technology to drive financial inclusion and 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. (Delaware USA), expressed his enthusiasm for the transaction, stating, “We are confident that OPay is the right partner to take Finja to the next level. With their global expertise and resources, we believe they will drive significant innovation and growth in the Pakistani market. This transaction represents a fresh direction for Finja, ensuring that any prior challenges stemming from individual contributors at Finja have been institutionally resolved and are no longer in play. We look forward to working with OPay on future initiatives to further strengthen Pakistan’s financial ecosystem.”

Finja and OPay extended their special gratitude to Ali Mubashar Kazmi for his invaluable guidance and support throughout the acquisition process.

Both parties also extended their sincere gratitude to the regulatory authorities, including the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and the Competition Commission of Pakistan (CCP), for their support and guidance throughout the transaction process.

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