back Back

Pakistani FinTech PayPro gets $46K funding from USAID

By Leandra Monteiro

February 19, 2021

  • Pakistan
  • Pakistani

PayPro, Pakistan, FinTech, startup, digitise

Launched in 2019, PayPro, a Pakistani FinTech startup for business to business (B2B) and business to consumer (B2C) payments, announced today that it had received a grant amounting to $46K from USAID Small and Medium Enterprise Activity (SMEA), according to reports published by media.

The received funds are intended to help digitise micro, small and medium-sized enterprises (MSMEs) through the process of digital payments.

The funding will give PayPro the opportunity to further develop its marketplace platform for MSMEs with integrated digital business solutions. In order to enhance the user experience, the FinTech platform will include a merchant portal and a mobile wallet to ensure smooth management of finances and seamless transactions.

According to media reports, the FinTech’s chief executive officer, Ali Janjua, termed the grant “a testament to the efforts and the potential that the organisation has displayed since its inception. It bolsters our confidence to continue on our mission of transforming the digital financial infrastructure within the country”.

Janjua went on to add that digital finance had become a cornerstone for progressive economies, and emphasised the need for sustainable transactions, especially during the coronavirus pandemic. “As customers in Pakistan begin to accept the new normal, PayPro is making sure to provide them with the tools necessary to perform a diverse range of financial transactions,” the CEO shared.

The Pakistani FinTech is used by companies across several sectors such as agriculture, education, digital commerce, healthcare, hospitality, non-government organisations, real estate, insurance, and travel.

“With continuous onboarding of merchants, the ever-expanding digital ecosystem is being facilitated by PayPro in a way which will digitise the informal business segment and enable seamless integration for both businesses and customers,” said Janjua as per media reports.

Previous Article

February 19, 2021

Top 3 Financial Technology companies in Russia

Read More
Next Article

February 19, 2021

Diginex launches the ‘Access’ platform powered by Itiviti

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Socure & Trustly to offer pay-by-bank solution with streamlined onboarding

Read More

February 28, 2024

Uncapped teams up with Yapily to scale funding for businesses

Read More

February 28, 2024

Dwolla launches open banking services for streamlined A2A payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023