Strategic Partnership to Power Fintech Innovation
PaySa, a rising Electronic Money Institution (EMI) in Pakistan with in-principle approval from the State Bank of Pakistan, has entered a strategic partnership with Covalent, the provider of the award-winning Taabiir platform. The collaboration aims to accelerate digital payments across the country by leveraging Covalent’s powerful fintech infrastructure.
Covalent will configure and customize its Taabiir platform to support PaySa’s digital offerings and business initiatives. The agreement was signed during a ceremony at Covalent’s new facility, “The Hub,” attended by senior leadership from both companies.
A Game-Changer for Retail Payments and Merchant Acquiring
PaySa is Pakistan’s first EMI focused primarily on retail merchant acquiring. It currently powers over 5,000 merchant locations under an ISO model. The partnership will allow PaySa to rapidly expand its digital footprint while ensuring compliance, scalability, and seamless service delivery.
Covalent, the leading fintech solutions provider for EMIs in Pakistan and the Middle East, brings vast experience to the table. Its Taabiir platform supports full-scale digital onboarding, transaction processing, and customer engagement for EMIs, digital banks, and microfinance institutions.
Leadership Comments
“PaySa found the perfect partner in Covalent,” said Ali Adnan, CEO of PaySa. “Their fully compliant platform and agile delivery team will power our services for customers and merchants alike.”
Haris Waheed, COO of Covalent, added, “We appreciate the trust PaySa has placed in our platform. Our experience in enabling diverse fintechs will ensure a best-in-class digital journey for PaySa’s customers.”
