SadaPay
SadaPay is an up-to-date fintech service from Pakistan that makes it easy to manage your money. It’s an app that will instantly let you open a SadaPay account, get a free virtual Mastercard debit card and shop online or in-store with ease.
The service provides international transfers, money transfer, bill payment, and online shopping at zero annual fee and negligible cost to the user.
SadaPay, a State Bank of Pakistan-regulated entity, aims to deliver quality financial services to clients, providing safe, easy and cheap access to their funds. The users can deposit money, request for it or send it — all at the click of a button on their mobile, in a convenient and hassle-free manner.
| Characteristic | Details |
|---|---|
| Regions | Pakistan |
| Getting started | Mobile app registration |
| Setup Fee | Free |
| Annual Fee | Free |
| Commission per transaction | Free for domestic transfers, FX fee applies for international |
| Payment methods accepted | Debit cards, Wallet, Bank transfers |
| Fraud & Risk management | Advanced fraud protection, biometric verification |
| Accepted Currencies | PKR, USD (for remittance) |
| Set up type | Mobile application |
| Onboarding & Approvals time | Few minutes to hours |
| Settlement time | Instant for domestic, varies for international |
| Payouts support | Yes |
| RegionsPakistan | |
| Getting startedMobile app registration | |
| Setup FeeFree | |
| Annual FeeFree | |
| Commission per transactionFree for domestic transfers, FX fee applies for international | |
| Payment methods acceptedDebit cards, Wallet, Bank transfers | |
| Fraud & Risk managementAdvanced fraud protection, biometric verification | |
| Accepted CurrenciesPKR, USD (for remittance) | |
| Set up typeMobile application | |
| Onboarding & Approvals timeFew minutes to hours | |
| Settlement timeInstant for domestic, varies for international | |
| Payouts supportYes |
Pros
- No set-up fee or yearly charge, hence extremely cost-effective
- Fast domestic transactions and easy remittance facilities
- Friendly mobile app with biometric security
Cons
- Limited to customers residing in Pakistan
- Recurring billing facility not currently supported
- FX charges on international transaction options
Benefits Of Using
SadaPay offers a simple, paperless experience to customers who desire to manage their money online. Customers can open an account through the mobile app without paperwork and start using their free Mastercard payment card for online and offline payments. They can even receive remittances from abroad with ease by sharing their account number.
SadaPay allows immediate fund movement from Pakistan, mobile recharge, bill payments, and money transmission into any bank account via IBFT (Inter-Bank Fund Transfer). SadaPay takes security very seriously by using biometric login and real-time transaction notification to safeguard the users. SadaPay does not have a monthly fee and an open model with transparency, making it ideal for customers who want low-cost digital banking in Pakistan.
How To Use SadaPay
- Download the SadaPay app from Google Play Store or Apple App Store
- Install and launch the app and register using your CNIC and information
- Confirm your identity by taking your selfie and scan of CNIC
- Receive your free Mastercard payment card at home after verification
- Recharge your SadaPay wallet by bank transaction or cash deposit at an allied outlet
- Begin making local fund transactions, sending overseas remittances, settling bills, and performing online payments from your SadaPay account
Benefiting from the effortless onboarding and ease of mobile interaction, it is easy and speedy to onboard SadaPay, even as a new customer.
Expert Review
SadaPay is among the most innovative digital wallet offerings in Pakistan. It believes in simplicity, speed, and transparency with smooth customer experience for those customers who do not want to subject themselves to the complication of the traditional banking system to use money online. The organization does business with full compliance under the State Bank of Pakistan Electronic Money Institution license, which meets full compliance and security.
Mobile-first strategy, real-time fund movement, and no-fee withdrawal card make it extremely appealing to freelancers, young adults, and anyone who is keen on new-age financial services. The benefit of cash withdrawal for free from ATMs (up to three times a month) and competitive rates on foreign exchange for international remittance also render SadaPay highly appealing compared to conventional banks.
Overall, SadaPay is a breathtaking union of convenience, affordability, and simplicity, and it's one of the most exciting digital payment systems in the area.
User Reviews
- "Best experience till now! Instant account opening and lightning-fast payment card delivery."
- "Love free withdrawals and no extra charges. Ideal for freelancers."
- "Customer support is prompt and resolves issues very quickly."
- "I get international payments faster than with my old bank."
- "App is sleek, contemporary, and extremely intuitive."
Safety
Safety is a primary focus of SadaPay, and it does so through various protection layers to protect user transactions and accounts securely. SadaPay utilizes end-to-end encryption, real-time transaction notification, and biometric authentication in an attempt to provide users with maximum privacy for their data and maximum safety for money. SadaPay is also regulated by State Bank of Pakistan, which means that it functions with highly regulated and compliance environments, giving the user an additional level of trust while dealing with money.
Account Fees
SadaPay imposes one of the finest fee structures of online banks in Pakistan. No maintenance is levied for opening and holding an account on a monthly basis. There are unlimited SadaPay account transactions and three free withdrawals per month at any ATM location across Pakistan. A small charge, typically Rs. 23.44 (inclusive of tax), per withdrawal is imposed after the free limit. Used network and exchange currency rate determine international transaction fees.
For Business
SadaPay provides tailored solutions to remote teams and small and medium-sized enterprises in Pakistan, as well as freelancers. With a Mastercard debit card linked to a digital wallet, SadaPay makes it easy for partners like Payoneer and Wise to accept international payments.
Businesses can have fast onboarding, simple processing of domestic and international remittances, and immediate withdrawal of funds into a linked account or ATM. Besides that, SadaPay facilitates acceptance of payments with minimal fees, which makes it ideal for startups, online businesses, and service providers seeking an affordable, effective financial system.
With its mobile application usage, business owners have full control over transactions, expenses, and payments of money, with no burden of high account maintenance fees.
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FAQ
How can I open a SadaPay account?
Download SadaPay app from App Store or Google Play, register with your CNIC, and follow the verification procedure.
Is there any charge for utilizing a SadaPay debit card?
There is no charge, and a free debit card is provided to all verified clients.
Can international remittance be done through SadaPay?
Yes, remittances are directly deposited into your SadaPay wallet by licensed money transfer operators.
How are the SadaPay transaction limits?
Up to PKR 500,000 monthly transfers can be done in basic accounts, and higher for premium accounts.
Is SadaPay secure to use?
Yes, SadaPay has State Bank of Pakistan regulation and bank-level encryption and security protocols to keep user data secure.
