The foundation: Raast and the SBP framework
Much of Pakistan's fintech growth sits on infrastructure built by the State Bank of Pakistan. Raast, the SBP's instant payment system, moves money bank-to-bank in real time at little to no cost, and its person-to-merchant (P2M) rails now power business payments too — see our Raast payment gateway page. Licensed categories — PSPs, PSOs and EMIs — define what each fintech below is allowed to do.
Mobile wallets
- JazzCash — operated by Jazz, one of the largest mobile wallets in the country, with consumer payments, transfers and a merchant acceptance product (see JazzCash merchant services).
- easypaisa — the Telenor-backed wallet, now part of Pakistan's digital banking push; the other dominant consumer wallet with broad merchant acceptance (see easypaisa merchant services).
Payment gateways (accepting payments for businesses)
Gateways let businesses accept cards, wallets, Raast and bank transfers online. The main players, briefly and fairly:
- Rapid Gateway — SBP-regulated gateway unifying cards, Raast, JazzCash, easypaisa, bank transfer and QR behind one API, with published pricing (2% wallet / 2.5% card), T+1 settlement, built-in invoicing and same-day onboarding. (Our product.)
- PayFast (gopayfast.com) — one of the most established gateways, commercially licensed by the SBP in 2021 and the first to go live with Raast P2M; serves many large e-commerce brands.
- Safepay — developer-friendly gateway popular with Shopify and DTC brands, known for a clean embedded checkout.
- PayPro — payments platform combining card and bank payments with digital invoicing and an over-the-counter cash-collection network; strong in B2B, education and recurring billing.
- XPay (by PostEx) — conversion-focused embedded checkout used by several large Pakistani retailers.
EMIs and consumer money apps
- NayaPay — an Electronic Money Institution offering consumer wallets with Visa debit cards and payments for freelancers and SMEs.
- SadaPay — an EMI offering app-based accounts and cards, acquired by Turkish fintech Papara; popular with freelancers.
- QisstPay — buy-now-pay-later (BNPL) instalment payments at checkout.
Lending and business finance
- Finja — digital lending and payments aimed at SMEs and supply chains.
- Abhi — earned wage access, letting employees draw already-earned salary early.
- CreditBook — digital ledger (khata) and financial tools for micro and small businesses.
How to choose, if you are a business that needs to get paid
Wallets, EMIs and lenders solve different problems; if your goal is accepting payments from customers, you are choosing a payment gateway. Compare on payment-method coverage, pricing transparency, settlement speed and onboarding time — our 2026 gateway comparison covers the major options head to head, and our step-by-step guide to accepting online payments walks through setup.
The bottom line
Pakistan's fintech ecosystem now covers the full stack — rails (Raast), wallets (JazzCash, easypaisa), gateways (Rapid Gateway, PayFast, Safepay, PayPro, XPay), EMIs (NayaPay, SadaPay) and lenders (Finja, Abhi). For businesses, the practical takeaway is simple: the infrastructure to accept every kind of digital payment in Pakistan already exists, and going live takes a day, not a month.