Jazari, the world’s first global Remit Now Pay Later platform, has partnered with Visa, a world leader in digital payments, to launch next generation digital remittances and lending for customers in UK and Europe.

Launching in mid-2024, Jazari will enable Shariah compliant digital accounts in UK, followed by Europe. The partnership will leverage Visa’s best in class virtual and physical card products, payment services, global acceptance network.

Jazari customers will always be able to find the best rates via its remittance marketplace – also powered with multiple Visa partners – and may subsequently opt to remit money and pay later on the back of Jazari’s proprietary AI and ML based credit scoring.  

The partnership intends to capture a share of the massive $800 Billion annual migrant remittance market by offering the lowest cost remittances to break into the previously untapped global remit now pay later lending opportunity.

Claire Dopson, Head of New Business Development, UK & Ireland, Visa: “We’re delighted to have partnered with Jazari to help them launch Remit Now Pay Later to migrant remittance customers and look forward to helping them on their mission to change the way people bank, remit, and pay later from the same platform.” 

Hasnain Sheikh, Founder and CEO, Jazari added: “We’re proud to have partnered with Visa and to be the first in the UK and Europe to pioneer Remit Now Pay Later.  We’ve worked hard to create a service that offers a secure, simplified user journey for customers to sign-up for an IBAN enabled digital account, remit money for the best available rates, and to remit now pay later.”

About Jazari

Jazari is a remit now pay later cross border fintech that focuses on migrant remittances and lending.  Via a remittance marketplace, price sensitive customers will be able to remit money for the best available rates across 100+ countries directly into 12+ billion mobile wallets and accounts – with free remittances between Jazari accounts in certain corridors.  Jazari accounts are launching first in the UK and Pakistan, followed soon by the UAE and Europe.  For more information please visit Jazari. 

Jazari Press Contacts:

pr@jazari.money