SadaPay is a secure and intelligent online money management platform designed to simplify domestic and international payment processes in Pakistan.
It’s a digital wallet that allows you to open an account through the app and receive a physical card without having to pay any registration fees.
Let’s take a closer look at SadaPay.
What exactly is SadaPay?
SadaPay, like Jazz Cash and EasyPaisa, is a new payment gateway in Pakistan that can help you with your online business, freelancing, and e-commerce by allowing you to pay and receive money via card. The best part is that it allows international payments without incurring transaction fees. You no longer need to be concerned about online shopping or signing up for Netflix, Amazon, and Scribd because it successfully removes all payment complexities by simplifying the digital payment process. Not only can you spend and send money, but you can also withdraw cash for free.
The mission of ‘Sada,’ as the name suggests, is to make money management simple and quick. This is a huge benefit for freelancers in Pakistan, who are constantly complaining about the lack of payment gateways in the country.
You’re probably wondering why they’re providing such valuable services for free?
Because they do not have physical branches like traditional banks, the savings are passed on to their customers in the form of SadaPay No Fee. Their only source of income is 1.5 percent of the total amount of international purchases made with the card. For the time being, they are only concerned with making digital payments easier in Pakistan so that our country can gain a competitive advantage in freelancing.
Brandon Timinsky, the owner of SadaPay, believes that if Pakistan can overcome its financial complexities, it can be a game-changer in the freelancing industry and play a significant role in boosting the country’s economy.
He has been collaborating with the State Bank of Pakistan to establish a zero-fee model for international payments.
Things a SadaPay Account Can Help You Save
1. Long Registration Process
You only need to complete three steps to complete the registration process. There will be no paperwork and no waiting in line to open your account.
2. Additional Charges
Nowadays, when you use your debit card to shop or withdraw money from your account, there are some fees that are always applied to the purchase. SadaPay, on the other hand, is free of charge for online shopping, transactions, and withdrawals.
Please keep in mind that the cash withdrawal fee only applies the fourth time you withdraw money from an ATM. Unless your transfer exceeds $10,000, there is no transaction fee.
3. Payment Difficulties
When you want to buy a Netflix or Scribd subscription today, you have to call banking support to enable your internet banking and go through a lengthy process. However, with SadaPay, you can avoid these hassles and transfer money quickly. Furthermore, there are no longer any hidden fees for the services.
Bank of Punjab and SadaPay Have Joined Forces to Promote Pakistan’s Digital Payment Ecosystem.
Team SadaPay joins forces with the Bank of Punjab (BoP) for payment security and the settlement of domestic and international transactions in order to eliminate the complexities of online money in Pakistan. BoP has a growing customer base of over 2 million people and is actively working to promote Pakistan’s digital payment ecosystem. Their collaboration with SadaPay will be a significant step forward in FinTech innovation, as well as provide opportunities for freelancers and students who work from home.
Questions and Answers
Is SadaPay a free service?
Yes, it is completely free. Aside from no fees for online shopping and transactions, you can also get free cash withdrawals from local ATMs three times per month. Local transactions are also free unless they exceed $10,000, and the forex rate on international transactions is only 1.5 percent.
Can I shop online for SadaPay?
Yes, you can use Sadapay to shop online. They’ve also partnered with Mastercard, so you can now get a free Mastercard debit card. SadaPay Mastercard can be used for e-commerce, point-of-sale (POS), and ATM transactions.
Is the Saday debit card free of charge?
It is, indeed.
Concerned about safety?
When it comes to new services, security is the most important consideration, especially when it comes to online payments. But with SadaPay, you can rest easy knowing that your money is safe because they use data encryption methods and a best-in-class data fraud detection system. Furthermore, they are subject to the State Bank of Pakistan’s EMI (Electronic Money Institution) regulations. If your card is stolen or misplaced, you can use the app to lock it. SadaPay is also registered with the Securities and Exchange Commission of Pakistan as Sada Tech Pvt Ltd.
Aside from that, SadaPay allows you to receive international remittances from 45 countries via services such as Payoneer, Moneygram, Western Union, and others. It has all of the plans you need to make your remote jobs a breeze. That is why the freelancing community is looking forward to its launch.
And there’s more!
The card’s sophisticated appearance will add to the enjoyment of your banking experience. It’s simple, but it has all of the features you’d expect from a modern-day product. So, with SadaPay, you get the bold look of your card as well as quality banking. You can also use the app to track your card’s real-time updates.
SadaPay’s features and functions appear to be promising and revolutionary for Pakistan’s digital industry. If all of this is true, then FinTech innovation will have a significant impact on Pakistan’s economy.
However, competition will be tough for their team, as NayaPay, Sim Sim, JazzCash, and EasyPaisa are already among the customer’s top choices.
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