How to Create a Nayapay Account? A Step By Step Guide
Mesan Ali
NayaPay is a Pakistan-based digital wallet that allows users to send and receive money, receive remittances, pay bills, and do more with their finances. NayaPay has gained wide popularity among Pakistani users because of its smooth and seamless operations and the overall trustworthiness of the app.
If you are from Pakistan and looking to create a Nayapay Account, we’ll help you. In this article, we’ll walk you through every step of creating an account with NayaPay.
Let’s dive into the step-by-step process.
Download the NayaPay App
Start by downloading the NayaPay app from the App or Play Store.
Tap ‘Register’
Open the app and tap on ‘Register’ to begin signing up.
Enter Initial Details
Initially, you must enter your first name, last name, and email address. Enter those details and tap ‘Next.’
Verify Phone Number
The next screen requires you to enter your contact number and the network service provider. Once you do, you will receive an OTP that you must enter to verify your phone number.
Create ID and Password
Once you verify your phone number, create your unique NayaPay ID and password.
Tap Create Wallet and Add Personal Details
On the next screen, tap ‘Create Wallet’ and personal details like your location and capture a picture of your face for recognition and verification.
Verify Your Email Address
You will then receive an email to verify your email address. You need to click the link in the email to proceed.
Create Mobile PIN
The next step will take you to the screen where you create your 6-digit PIN code, which you can use later to log in.
Select Security Question
The final step is to select your security question, which you can use to recover your account if you forget your credentials. Just select your security question and type in your answer.
Your account is now ready to use. To get started, deposit Rs.300 into your NayaPay account.
Use Elevate Pay with NayaPay to Bring Remittances Home
Elevate Pay gives you free USD accounts provided by Bangor Savings Bank. Earn USD, save it, and send it home with Elevate Pay to your NayaPay account. Facilitating you with the best FX rates, instant transfers, and a flat fee of $1.50.
Pakistani freelancers and remote workers now have the perfect solution to save their earnings in USD and protect them from inflation. Thanks to Elevate Pay's and NayaPay's partnership, funds can be sent home instantly when needed.
Pros and Cons of Using NayaPay
Pros
Easy account setup and usage allow users to make payments, transfer funds, and pay bills instantly.
NayaPay provides a free Visa debit card that is locally and internationally usable.
Many services, including peer-to-peer transfers, are free or involve minimal charges compared to traditional banking methods.
Seamless integration with e-commerce platforms and ride-hailing services.
Two-factor authentication and advanced security protocols to safeguard transactions.
Targets underbanked and unbanked populations, providing financial tools to a broader audience.
Offers cashback, discounts, and rewards for using the platform.
Supports small businesses with tools like merchant accounts and analytics.
Cons
Advanced features like credit offerings or high-value transaction limits are limited compared to traditional banks.
As a relatively new service, some users may be hesitant to trust it with significant financial transactions.
Restrictions on the amount users can withdraw from ATMs using the linked debit card.
If you are looking for a solution to send money home and avoid being overcharged for it, Elevate Pay is your answer. You get multiple Payout options to do more with your funds and you can also make USD to USD transfers if you have a USD account in your home country.