Jazari collaborates with Visa to bring Remit Now, Pay Later to UK and Europe migrant workers
Jazari collaborates with Visa to bring Remit Now, Pay Later to UK and Europe migrant workers

Jazari collaborates with Visa to bring Remit Now, Pay Later to UK and Europe migrant workers

8 Apr 2025

London, United Kingdom - Jazari, a pioneering global Remit Now, Pay Later platform, has teamed up with Visa, a world leader in digital payments, to launch next generation digital remittance and lending services for expats across the UK, with plans to expand into Europe.

A Strategic Collaboration

Set to launch in mid 2025, Jazari will introduce easy to use digital accounts in the UK, leveraging Visa’s industry-leading virtual and physical card products, payment services, global acceptance network, and Visa Direct, Visa’s money movement solutions.

Serving The Underrepresented Market

Jazari will also use Visa Direct to power real-time, cross-border payments. This collaboration aims to serve underserved migrant workers by providing a two-fold solution: instant, low-cost remittance services and access to a Remit / Send Now, Pay Later option.  This enables customers to transfer money without the immediate burden of payment, offering a flexible solution to managing finances.

Jazari customers will have access to the best rates through its remittance marketplace, powered by multiple partners. They can choose to send money instantly to over 170 countries with the option to immediately pay in full or Pay Later, backed by Jazari's proprietary AI and machine learning-based credit scoring system.

Pioneering Remit Now, Pay Later

Hasnain Sheikh, Founder and CEO, Jazari added: “We’re excited to have collaborated with Visa in multiple regions and markets to pioneer Remit and Receive Now Pay Later from the same platform.  We’ve worked hard to create a service that offers a more secure, simplified user journey for customers to remit and receive money globally, whilst paying later.

Anastasia Serikova, VP Revenue & Growth at Visa Direct, Europe added: “Visa is committed to modernizing cross-border remittance around the world. We’re thrilled to have teamed up with Jazari to help them launch Remit Now Pay Later to migrant remittance customers”

About Jazari

Jazari is a global Remit Now Pay Later platform headquartered in London, focusing on the financial needs of underserved migrant workers and their families who have little or no credit history.  This gives customers one platform on which to bank, remit, receive, and borrow on both sides of the remittance corridor. Jazari is launching first in the UK and Europe.

Jazari Press Contacts:
pr@jazari.money

Jazari Money is a trading name of Alif Financial LTD (No. 13467148) registered in England & Wales, 4th Floor 58-59 Great Marlborough Street, London, W1F 7JY. Jazari Money is an agent of PayrNet Limited (No. 09883437) registered in England & Wales and is authorised by the Financial Conduct Authority (FCA No. 900594) under the Electronic Money Regulations 2011 to issue electronic money and provide payment services. It is a wholly owned subsidiary of Embedded Finance Ltd and operates under the trading name "Railsr". Jazari Money cards are issued by PayrNet Limited under licence from Visa Europe. Visa is a registered trademark of Visa International Service Association. Funds are held in safeguarded accounts in accordance with regulatory requirements and are not protected by the Financial Services Compensation Scheme (FSCS). Money received in exchange for e-money is not treated as a deposit.

The Financial Services Compensation Scheme does not provide coverage for electronic money products. Consequently, there is no other compensation scheme in place to safeguard against losses incurred from electronic money accounts. Your funds will be held in one or more segregated bank accounts with a regulated third-party credit institution, in accordance with the provisions of the Electronic Money Regulations 2011. In the improbable event that Jazari, Payrnet, or any other entity becomes insolvent, your electronic money will be safeguarded and held in secure accounts. Your funds will not be utilised for any other purpose. However, in the unlikely scenario that the credit institution holding the safeguarded funds becomes insolvent, your funds may be at risk.

The Jazari Card and Account are issued by Payrnet. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FCA reference 900594) for the issuing of electronic money and payment services.

© 2025 Jazari. All rights reserved.

Jazari Money is a trading name of Alif Financial LTD (No. 13467148) registered in England & Wales, 4th Floor 58-59 Great Marlborough Street, London, W1F 7JY. Jazari Money is an agent of PayrNet Limited (No. 09883437) registered in England & Wales and is authorised by the Financial Conduct Authority (FCA No. 900594) under the Electronic Money Regulations 2011 to issue electronic money and provide payment services. It is a wholly owned subsidiary of Embedded Finance Ltd and operates under the trading name "Railsr". Jazari Money cards are issued by PayrNet Limited under licence from Visa Europe. Visa is a registered trademark of Visa International Service Association. Funds are held in safeguarded accounts in accordance with regulatory requirements and are not protected by the Financial Services Compensation Scheme (FSCS). Money received in exchange for e-money is not treated as a deposit.

The Financial Services Compensation Scheme does not provide coverage for electronic money products. Consequently, there is no other compensation scheme in place to safeguard against losses incurred from electronic money accounts. Your funds will be held in one or more segregated bank accounts with a regulated third-party credit institution, in accordance with the provisions of the Electronic Money Regulations 2011. In the improbable event that Jazari, Payrnet, or any other entity becomes insolvent, your electronic money will be safeguarded and held in secure accounts. Your funds will not be utilised for any other purpose. However, in the unlikely scenario that the credit institution holding the safeguarded funds becomes insolvent, your funds may be at risk.

The Jazari Card and Account are issued by Payrnet. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FCA reference 900594) for the issuing of electronic money and payment services.

© 2025 Jazari. All rights reserved.

Jazari Money is a trading name of Alif Financial LTD (No. 13467148) registered in England & Wales, 4th Floor 58-59 Great Marlborough Street, London, W1F 7JY. Jazari Money is an agent of PayrNet Limited (No. 09883437) registered in England & Wales and is authorised by the Financial Conduct Authority (FCA No. 900594) under the Electronic Money Regulations 2011 to issue electronic money and provide payment services. It is a wholly owned subsidiary of Embedded Finance Ltd and operates under the trading name "Railsr". Jazari Money cards are issued by PayrNet Limited under licence from Visa Europe. Visa is a registered trademark of Visa International Service Association. Funds are held in safeguarded accounts in accordance with regulatory requirements and are not protected by the Financial Services Compensation Scheme (FSCS). Money received in exchange for e-money is not treated as a deposit.

The Financial Services Compensation Scheme does not provide coverage for electronic money products. Consequently, there is no other compensation scheme in place to safeguard against losses incurred from electronic money accounts. Your funds will be held in one or more segregated bank accounts with a regulated third-party credit institution, in accordance with the provisions of the Electronic Money Regulations 2011. In the improbable event that Jazari, Payrnet, or any other entity becomes insolvent, your electronic money will be safeguarded and held in secure accounts. Your funds will not be utilised for any other purpose. However, in the unlikely scenario that the credit institution holding the safeguarded funds becomes insolvent, your funds may be at risk.

The Jazari Card and Account are issued by Payrnet. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FCA reference 900594) for the issuing of electronic money and payment services.

© 2025 Jazari. All rights reserved.