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SadaPay

SBP-regulated EMI. Sadapay Private Limited, SECP 0136598. Mastercard. Not a bank.

Legal entity: Sadapay Private Limited

Wallet / e-moneyactivePakistan
Go to SadaPay →

Rate this app

7.3Solid
Alternatives

Five questions

At a glance

  • Is it a bank?

    No. Not a deposit-taking bank. Holder / issuer: EMI float / Mastercard issuing — not a Pakistani bank deposit.

  • If it fails?

    Footer: registered as Sadapay Private Limited with SECP (No. 0136598), regulated by the State Bank of Pakistan, wholly-owned subsidiary of SadaPay Technologies Ltd (DIFC commercial fintech licence #3263). Mastercard debit cards issued under a Mastercard Asia/Pacific licence. This is an EMI wallet, not a DPC bank deposit. NayaPay is the peer EMI. Keep salary at a scheduled bank.

  • Salary?

    An EMI IBAN is not automatically a Pakistani salary account. Many employers will not pay it.

  • Open from abroad?

    From Pakistan: phone number. From abroad: NICOP or international number — their homepage. Still an EMI, not a bank.

  • Monthly fee

    Free transfers pitch — schedule of charges is live

  • Account number

    IBAN is part of the pitch — issuing country not stored.

NeoBankDBVerdict

Licence first · score second

7.3

/10 · Solid

Sadapay Private Limited, SECP 0136598, regulated by the State Bank of Pakistan, wholly owned by SadaPay Technologies Ltd (DIFC licence #3263). Head office: 1st Floor, Ufone Tower, Jinnah Avenue, Sector F-7/1, Blue Area, Islamabad. UAE office in DIFC Gate Avenue; UK office 86-90 Paul Street, London. Mastercard debit via Mastercard Asia/Pacific. Homepage: 3 million users, free transfers, CNIC + selfie in two minutes, NICOP path from abroad. All of that can be true and it is still not a bank. DPC covers member banks. NayaPay is the other EMI. Use SadaPay as a spend and remittance wallet. Keep PKR salary at HBL, Meezan or another scheduled bank if you need deposit protection.

What it is

The polished Pakistani EMI. Directories call it a neobank because the card is pretty. The SECP number is an EMI company. NeoBankDB writes EMI.

Best for: Pakistanis (and NICOP holders they actually onboard) who want an EMI Mastercard and will keep DPC at a bank.

Last checked 2026-09-03. Not advice.

What it does well

  • +SECP number and DIFC parent printed
  • +SBP regulated on the footer
  • +Mastercard named
  • +Islamabad + DIFC + London offices published

What to watch

  • −Not a bank
  • −Not DPC
  • −IBAN-shaped remittance number is still e-money
  • −DIFC parent is fintech, not a UAE bank

Legal entity, not the app icon

Who is behind it

Legal name
Sadapay Private Limited
Parent
SadaPay Technologies Ltd (DIFC, commercial fintech licence #3263)
Offices
1st Floor, Ufone Tower, Jinnah Avenue, Sector F-7/1, Blue Area, Islamabad · DIFC Gate Avenue, Dubai · 86-90 Paul Street, London EC2A 4NE

The product, not the brand colour

The account

Platforms
iOS · Android
Account types
Personal EMI wallet
Partner bank
Not a partner-bank current account — SBP EMI
Availability
Pakistan (CNIC) · NICOP / international number path on their copy
Remote open
From Pakistan: phone number. From abroad: NICOP or international number — their homepage. Still an EMI, not a bank.
Onboarding
App: phone number, CNIC, selfie. Pitched at two minutes.
KYC documents
CNIC or NICOP + selfie.
Minimum age
Confirm live
Salary / payroll
An EMI IBAN is not automatically a Pakistani salary account. Many employers will not pay it.
Local rails
Domestic transfers / Raast-class via EMI — not DPC

How money actually moves

Who holds the cash
E-money / stored-value — not a bank deposit
How money moves
IBAN / SEPA
Built for
Personal
Settlement
Local rails instant where live; SWIFT slower
Freeze risk
Fintech reviews can pause inbound while they check a transfer
Card
mastercard · physical · virtual · Google Pay

Licence first

Safety

Footer: registered as Sadapay Private Limited with SECP (No. 0136598), regulated by the State Bank of Pakistan, wholly-owned subsidiary of SadaPay Technologies Ltd (DIFC commercial fintech licence #3263). Mastercard debit cards issued under a Mastercard Asia/Pacific licence. This is an EMI wallet, not a DPC bank deposit. NayaPay is the peer EMI. Keep salary at a scheduled bank.

Holder / issuer: EMI float / Mastercard issuing — not a Pakistani bank deposit

  • State Bank of PakistanEMI-class — Sadapay Private Limited, SECP 0136598. Parent SadaPay Technologies Ltd, DIFC licence #3263 · Pakistan

Fees

Monthly
Free transfers pitch — schedule of charges is live
FX markup
International card spend marketed as best rates — confirm live schedule
ATM
Confirm live schedule of charges

Features

  • ✓IBAN
  • ✓Fee-free core
  • –Multi-currency
  • –Apple Pay
  • ✓Google Pay
  • ✓Virtual card
  • ✓Physical card
  • –Metal card
  • –Crypto
  • –Stocks
  • –Business
  • –Kids
  • –Halal
  • SBP-regulated EMI
  • Mastercard virtual + physical
  • Free domestic transfers pitch
  • Remittance IBAN story
  • CNIC / NICOP onboarding

Before you tap Sign up

How to open

  1. Step 1

    Name the company

    Sadapay Private Limited, SECP 0136598. SBP-regulated EMI. Not a bank.

  2. Step 2

    CNIC + selfie

    App. NICOP if you are opening from abroad — their copy, still EMI.

  3. Step 3

    Keep a bank for salary

    DPC sits at scheduled banks. This is a Mastercard wallet.

Official help: sadapay.pk/

Operator documents

Their own papers

These are the operator’s documents. They outrank this review if they disagree.

Score

Safety25%
6.2
Fees20%
8.6
Features15%
8.2
App15%
8.6
Global15%
5.4
Support10%
7.4

Change log

Full log

  1. Licence

    Sadapay Private Limited, SECP 0136598, SBP-regulated EMI

    Parent SadaPay Technologies Ltd, DIFC licence #3263. Mastercard. Ufone Tower, Islamabad. Not a bank.

    Operator source

Available in

Straight answers

FAQ

01

Is SadaPay a bank?

SadaPay is not a licensed deposit-taker in the classic sense. Money, if any, sits with EMI float / Mastercard issuing — not a Pakistani bank deposit.

02

How is money protected?

Footer: registered as Sadapay Private Limited with SECP (No. 0136598), regulated by the State Bank of Pakistan, wholly-owned subsidiary of SadaPay Technologies Ltd (DIFC commercial fintech licence #3263). Mastercard debit cards issued under a Mastercard Asia/Pacific licence. This is an EMI wallet, not a DPC bank deposit. NayaPay is the peer EMI. Keep salary at a scheduled bank.

03

Where is SadaPay available?

We list 1 market on NeoBankDB. Residency and onboarding rules still sit with SadaPay.

04

Card and wallets?

mastercard · physical · virtual · Google Pay

05

Can I open SadaPay remotely?

From Pakistan: phone number. From abroad: NICOP or international number — their homepage. Still an EMI, not a bank.

06

What is the legal name behind SadaPay?

Sadapay Private Limited. Read the entity on the statement, not the app icon.

07

Can I receive salary on SadaPay?

An EMI IBAN is not automatically a Pakistani salary account. Many employers will not pay it.

08

What documents does SadaPay ask for?

CNIC or NICOP + selfie.

09

Is SadaPay a bank?

No. Sadapay Private Limited is SBP-regulated as an EMI-class institution. Mastercard is a spend rail. DPC does not follow the wallet.

Ratings and reviews

No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.

Rate & review

Used SadaPay?

Stars plus a short note. We publish after a NeoBankDB read. “Verified user” is our tick, not yours.

Your rating

Alternatives

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