Corridor Partner Strategy
| Owner |
Classification |
Review Date |
Status |
| Product |
Confidential |
April 2027 |
Active |
| Owner: CDO | Classification: Confidential | Updated: April 2026 |
This page documents the recommended partner strategy for each of Simpaisa's key payment corridors. Partners are evaluated on their ability to reduce FX cost, improve settlement speed, and add liquidity depth. This is a living document - update as partnerships are signed and corridors mature.
Strategic Priorities
| # |
Action |
Corridor |
Partner |
Rationale |
Status |
| 1 |
Join Thunes Direct Global Network (DGN) |
All inbound South Asian corridors |
Thunes |
Unlocks instant access to JazzCash, EasyPaisa, bKash, e-Sewa and 550+ direct integrations without building each individually. Fastest path to scale. |
Not started |
| 2 |
Evaluate Ripple ODL for nostro elimination |
UAE/Saudi to Pakistan |
Ripple |
ODL eliminates need for pre-funded PKR nostro accounts. Faysal Bank and LuLu Exchange already live on RippleNet in this corridor. Material capital efficiency gain. |
Not started |
| 3 |
Qi Card partnership - Iraq |
Iraq local payout |
Qi Card |
Iraq government mandate for electronic payments (deadline: July 2026). Qi Card is the dominant infrastructure player. First-mover window closing fast. |
Not started |
| 4 |
8B partnership - Central Asia |
Kazakhstan, Uzbekistan |
8B (8B.world) |
Without a local intermediary, Central Asia is inaccessible at competitive economics. 8B integrates with Kaspi Pay, Click, Payme - the dominant local RTP networks. |
Not started |
| 5 |
bKash direct integration |
Bangladesh |
bKash (BRAC Bank) |
82M+ verified users. No third-party intermediary needed. Direct API is optimal architecture for Bangladesh payout volume. |
Not started |
| 6 |
Reverse-partnership with Zepz or Nala |
UK/US to Pakistan/Bangladesh |
Zepz / Nala |
Simpaisa acts as their South Asian payout layer. Generates inbound volume without building consumer remittance app. Nala ($40M Series A) is the faster engagement; Zepz ($17B volume) is higher volume ceiling. |
Not started |
| 7 |
Cybrid partnership - origination rails |
USA/Canada to South Asia |
Cybrid |
Cybrid-powered North American fintechs send stablecoin; Simpaisa provides last-mile payout in Pakistan/Bangladesh/Nepal. Contact: Ali Irshad (VP Sales). Fresh $10M raise and Asia expansion named as priority. |
Not started |
Inbound Corridors
USA / Canada → Pakistan
| Partner |
Type |
Settlement Speed |
FX Benefit |
Recommended Use |
Partner Potential |
| Wise Platform |
B2B rails |
Same-day to next-day |
Mid-market rate, <1% spread |
Bank-to-bank transfers for established remittance corridors |
High |
| Thunes DGN |
Network member |
Real-time wallet |
Bulk corridor pricing |
Mobile wallet delivery (JazzCash, EasyPaisa) |
High |
| Ripple ODL |
Liquidity mechanism |
3-5 seconds |
Eliminates pre-funded PKR nostro |
Institutional settlement; capital efficiency |
High |
| Cybrid |
Stablecoin origination |
Near-instant (on-chain) |
Stablecoin removes FX intermediary |
US/Canada fintech to USDT to Simpaisa PKR off-ramp |
High |
UK → Pakistan / Bangladesh
| Partner |
Type |
Settlement Speed |
FX Benefit |
Recommended Use |
Partner Potential |
| Wise Platform |
B2B rails |
Same-day |
Mid-market FX, FCA-regulated |
Bank transfers; high-value remittances |
High |
| Thunes DGN |
Network member |
Real-time wallet |
Bulk pricing; direct JazzCash, bKash integrations |
Last-mile mobile wallet delivery |
High |
| Zepz (WorldRemit/Sendwave) |
Payout aggregator (reverse) |
Near-instant |
Revenue share on payout volume |
Simpaisa as Zepz's South Asian payout layer |
High |
| Nala |
Payout aggregator (reverse) |
Near-instant |
Revenue share on payout volume |
Simpaisa as Nala's Pakistan/Bangladesh payout infrastructure |
High |
UAE → Pakistan / Bangladesh / Nepal
| Partner |
Type |
Settlement Speed |
FX Benefit |
Recommended Use |
Partner Potential |
| LuLu Exchange (RippleNet) |
Exchange + RippleNet |
Near-instant |
Competitive FX; RippleNet ODL eliminates nostro |
UAE to Pakistan primary corridor; Bank Alfalah integration |
High |
| Thunes DGN |
Network member |
Real-time wallet |
DGN bulk pricing; AED to PKR/BDT/NPR |
UAE to Nepal (e-Sewa), Bangladesh (bKash), Pakistan wallet delivery |
High |
| TerraPay / Xend |
Interoperability network |
<60 seconds |
Aggregated FX pricing |
UAE digital wallet to South Asian wallet interoperability |
Medium |
| Al Ansari Exchange |
UAE exchange house |
Same-day |
Competitive retail FX |
UAE retail remittance distribution network |
Medium |
Saudi Arabia → Pakistan / Bangladesh / Nepal
| Partner |
Type |
Settlement Speed |
FX Benefit |
Recommended Use |
Partner Potential |
| Thunes / TeleMoney (Arab National Bank) |
Network member |
Real-time wallet |
DGN pricing; SAR to PKR/BDT/NPR direct |
Saudi diaspora wallet delivery to JazzCash, EasyPaisa, bKash |
High |
| Nium / Enjaz (Bank Albilad) |
B2B rails |
Same-day bank |
Institutional FX; bank-grade settlement |
Saudi to South Asia bank-to-bank settlement |
Medium |
| Ripple ODL via Faysal Bank |
Liquidity mechanism |
3-5 seconds |
Eliminates pre-funded SAR/PKR nostro |
Institutional settlement; capital efficiency |
High |
Local / Outbound Corridors
Pakistan - Internal Rails
| Partner |
Type |
Settlement Speed |
Notes |
Priority |
| RAAST (SBP) |
National RTP |
Instant (24/7) |
Zero settlement cost; SBP-mandated; essential for regulated players |
Critical - must integrate |
| JazzCash (direct) |
Mobile wallet |
Instant |
45M+ wallet users; largest mobile wallet in Pakistan; direct API |
High |
| EasyPaisa (direct) |
Mobile wallet |
Instant |
Telenor-backed; 20M+ users; strong rural reach; direct API |
High |
| 1Link |
Interbank switch |
Same-day |
Pakistan national interbank switch; required for ATM and POS acquiring |
High |
Bangladesh - bKash Ecosystem
| Partner |
Type |
Settlement Speed |
Notes |
Priority |
| bKash (direct - BRAC Bank) |
Mobile wallet |
Instant |
82M+ verified users; direct API; receives international remittances; Gulf Exchange partnership (Sep 2025) |
Critical - direct integration optimal |
| TerraPay |
Interoperability |
<60 seconds |
Fallback for broader Bangladeshi bank coverage; creator/media payout use cases |
Medium |
| Thunes DGN |
Network member |
Real-time |
bKash accessible via DGN; covers 100+ inbound send countries |
Medium |
Central Asia - Kazakhstan / Uzbekistan
| Partner |
Type |
Settlement Speed |
Notes |
Priority |
| 8B (8B.world) |
Regional infrastructure |
Real-time (local RTP) |
Integrates with Kaspi Pay (KZ), Click and Payme (UZ); purpose-built for Central Asia; PayU partnership for UPI corridors. ~250B USD payments market by 2026. |
Critical - no other viable route |
| Nium |
Global payout rails |
Same-day |
190+ country coverage includes KZ and UZ; suitable as fallback/aggregator layer |
Medium - fallback only |
| Banking Circle |
Settlement layer |
Next-day |
EUR/GBP settlement bridging to Central Asian intermediaries |
Medium - for European send corridors |
Iraq - Local Payout
| Partner |
Type |
Settlement Speed |
Notes |
Priority |
| Qi Card |
National fintech / payroll |
Same-day |
30M+ cardholders; government salary localisation mandate (deadline July 2026); payroll, retail, and remittance. First-mover window is open now. |
Critical - engage immediately |
| Zain Cash |
Mobile money |
Near-instant |
1.2M+ users; mobile-only payout for unbanked population; remittance-enabled |
High |
| PayTabs |
Payment gateway |
Same-day |
Iraq operations; payment orchestration; suitable for merchant acquiring in Iraq |
Medium |
FX and Liquidity Infrastructure
| Provider |
Role |
Corridors |
Key Benefit |
Partner Potential |
| Ripple ODL |
Bridge liquidity (XRP) |
UAE/Saudi to Pakistan; global |
Eliminates pre-funded nostro accounts; 3-5 second settlement; $95B+ annual volume |
High |
| Wise Platform |
FX infrastructure |
US/UK/CA to Pakistan/Bangladesh |
Mid-market rate; sub-1% spread; 70+ licences; B2B partner programme |
High |
| Banking Circle |
Settlement / safeguarding |
European corridors |
Competitive EUR/GBP settlement; used by 100+ fintechs as banking infrastructure |
Medium |
| Currencycloud (Visa) |
FX and multi-currency |
Global |
40+ currencies; embedded FX for platforms; Visa backing provides reach |
Medium |
| Stellar / USDC (Circle) |
Stablecoin settlement |
Global |
Near-zero cost on-chain settlement; growing adoption for B2B cross-border |
Medium |
Competitor Watch - Corridor Risk
| Competitor |
Corridor Risk |
Threat |
Mitigation |
| Airwallex |
UAE/Saudi enterprise FX; $1.1B MENA commitment; targeting same merchant base |
High |
Lock in enterprise relationships with Simpaisa's local acquiring advantage before Airwallex gets UAE licence |
| Thunes |
Inbound South Asian corridors - could disintermediate Simpaisa's wallet delivery |
High |
Join Thunes DGN as a member, making them a partner not a competitor |
| Nium |
190-country payout; IPO in 2026 will intensify sales; Enjaz partnership in Saudi |
High |
Evaluate as Central Asia fallback partner; MENA positioning requires differentiation on local relationships Nium cannot replicate |
| Zepz / WorldRemit |
$17B volume; South Asian corridors (Pakistan, Bangladesh, Nepal) directly; Sendwave USDC wallet |
Medium |
Engage as payout partner (Simpaisa as their last-mile) rather than allow them to build own rails |
| Ripple / ODL |
Faysal Bank + LuLu Exchange already live; if Simpaisa does not join, competitors will use ODL to undercut on UAE to Pakistan FX |
Medium |
Evaluate ODL integration as a liquidity mechanism to reduce nostro costs |