Sadapay and Nayapay which one is better? With revolution technology, several digital payment methods have been introduced like Electronic Money Institutions (EMI) and Microfinance banking which is considered more secure and efficient.
Sadapay and Nayapay are also based on their Payments methods Before Knowing This Method we need Know About the:
- What is Microfinance Banking?
- What is Electronic Money Institution (EMI)?
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| sadapay vs nayapay -which one is better? |
What is Microfinance banking?
Microfinance banking is a type of financial service that provides small loans and other financial assistance to individuals and businesses who lack access to traditional banking services. The goal of microfinance is to give individuals and businesses the financial tools they need to lift themselves out of poverty and achieve economic stability.
Microfinance banks offer a range of financial products and services, including loans, savings accounts, and insurance. These banks are typically smaller than traditional banks and are designed to serve people who may not have access to conventional financial services due to their location, income level, or lack of collateral.
What is Electronic Money Institution (EMI)?
Specializes in providing electronic payment services. These institutions issue electronic money, also known as e-money, which is a digital representation of a customer's funds that can be used to make electronic payments or purchases.
EMIs are regulated by financial authorities in the countries where they operate, and they must follow strict rules and regulations to ensure the safety and security of their customers' funds. EMIs typically offer a range of payment services, including online payment processing, direct debit services, and prepaid cards.
What is Nayapay?
NayaPay is the first Electronic Money Institution (EMI) service in Pakistan. NayaPay is regulated by the State Bank of Pakistan. NayaPay is an efficient, and secure e-money Payment platform. You can make any digital transaction just with the use of your Android smartphone. Because NayaPay is linked to a 1 link network, you can withdraw from any ATM in your area. You can also link your bank account to NayaPay and easily transfer or receive money to your Bank account without any charges.
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| Nayapay is Pakistan's first EMI Payment Method |
What I can do with Nayapay?
- Bill payments
- School fee payment
- Transfer Money in the country and International
- Provide ATM Debit Card
- Usable for Online payment (Netflix, Google Play, etc.)
Nayapay provides Above Services for Free
Pros
• Sample Sign Up Process
• Easily Create with CNIC/NCOP
• Free Visa Physical and Virtual Debit Card
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| Naya Pay Provides Free Master Card Debit Card For Free |
• No Hidden Annual Fees
• Free Money transfer Transfers (Nayapay to Nayapay)
• Cash Deposit at any Meezan Bank or Askari Bank Branch at the counter
• Full Debit Card Control in the App
• Free Bio-metric Verification at any Meezan Bank ATM
• Live Chat Support In-App
Cons
- In Beta Tasting
- No IOS (iPhone) Application is Available
How to Install Nayapay?
- Download the NayaPay App from App Store or Google Play Store.
- Fill in Your Basic Details (Address, Phone, pictures, CNIC) Sign up for your wallet digitally in a few steps.
- Nayapay Team will verify your details. Your wallet is ready to use within a few minutes
Nayapay vs Eaypaisa and Jazz Cash
What is Sadapay?
SadaPay was founded By SadaTech Pakistan Private Limited in 2019. It is regulated by the State Bank of Pakistan (SBP) SadaPay is a secure and efficient digital money management App designed to make local and international payments in Pakistan makes easier.
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| SadaPay is a Secure and Efficient Digital Money App |
What I can do with Nayapay?
SadaPay provides Following Services
- Digital wallet that enables you to transfer money
- Allow Domestic And International Payments
- Pay bills, and Other Online Payment
- Receive a real and virtual Master debit card without paying any registration fee
- Globally Acceptable Debit Card
Sadapay Debet Card Globally Acceptable For Online Shopping
Pros
• Sample Sign Up Process
• Easily Create with CNIC/NCOP
• Free Physical and Virtual Debit Cards (Master Card)
• No Hidden Annual Fee
• 3 Free ATM Withdrawals Per Month
• Full Control Over Debit Cards in-App
• Live Chat Support In-App
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| Sadapay Provides a Free Master Card |
Cons
• Long Wait-list for Debit Card Delivery
• Bio-metric verification at Nadra e-Sahulat which is an irritating Process (fee Rs 120)
How to Install Nayapay?
- Download the NayaPay App from App Store or Google Play Store.
- Fill in Your Basic Details (Address, Phone, pictures, CNIC) Sign up for your wallet digitally in a few steps.
- Nayapay Team will verify your details. Your wallet is ready to use within a few minutes
Sadapay vs Eaypaisa and Jazz Cash
Sadapay is Different to Easypaisa as NayaPay. Sadapay is Based on Electronic Money Institution (EMI) service in Pakistan. Sadapay Master Debit cards are globally acceptable for Online shopping like Netflix, Google Play, etc And other Transactions on other hand Easypaisa and Jazz Cash Has Paypak Debit Card Which are works on Only the Domestic Level these main features which make Sadapay Deferent from Easypaisa and jazz Cash.
SadaPay VS NayaPay
Secure or Not:
- Both payment methods are recognized by the State bank Of Pakistan there are Methods Secure All payment Method Based on EMI.
Debit Cards:
Both Provide Debit Cards and also Give Full Control Debit Card's in-App But
- Sadapay provides Master Numberless Physical Debit Card for Extra Security
- Nayapay provides Visa Debit Card
- Sadapay provides a more Secure Debit Card
- Nayapay, sadapay Debit Card Acceptable for International Online Payments Like Netflix Google Play
Biometric Verification:
- Nyapay And Easypaisa Bio-metric verification is free
- Sadapay Charge Rs120
- Nayapay Can be verified on Meezan Bank ATM
- Sadapay can be Verified at Nadra e-Sahulat which is an irritating Process
Withdrawal Limits:
- Nayapay Allows 50000 Without Bio-metric Verification And After Verification Extended Limit is 200000
- Sadapay also Allows 50000 Without Bio-metric Verification And After Verification Extended Limit is 200000
App Support:
- SadaPay is slightly better than NayaPay because of its Live Chat Support, which allows you to get a response from a customer representative immediately.
- Nayapay Gives more options to users as compared to Sadapay in terms of features
How to Get a Free Debit Card?
Which one is better for you?
We’ve got provided a short assessment of both apps, having analyzed them in detail from multiple elements. As a count of fact, there isn't always tons of distinction between both apps.
Yet, they are no longer altogether equal. You can locate it difficult to pick either app, but it is not so. You can now certainly apprehend the pros and cons of each app. It has now emerged as simpler in order to make a decision.
Conclusion ;
Still, they're more matching and less different, if we look exactly. As for the significant differences, they aren't really important. For sample, it doesn't really mean in Pakistan if you enjoy a MasterCard or Visa negative card because both are similarly workable on well-known brands and on online shopping platforms.
They differ in card design which we suppose also doesn't mean important for Pakistani friends because they pay minor attention to design and further functionality.
Thus, we've made it easy for you to choose between SadaPay and NayaPay. They're officially legal apps that have been doing business for millions. So, decide for you now.