Finja voices ‘frustration’ over Opay’s failure to clear payments post EMI sale

Non-payment forces temporarily slow down operations and reduction in staff, says fintech company

Finja, a leading fintech company in Pakistan, expressed its frustration regarding the failure of Opay International PTE. LTD. to clear outstanding payments following the sale of the EMI licence to the latter, effective October 2, 2023.

Unfortunately, Opay’s failure to pay has had severe consequences, not only forcing Finja to temporarily slow down operations and reduce staff but also stifling its exemplary financing practices which have proven to be a national-interest success story through solely targeting the SME market and staying clear from all categories of consumer lending including predatory micro/nano lending, Finja said in a press release.

It added that in light of OPay’s continuous mistreatment of Finja, formal letters have been sent to the State Bank of Pakistan (SBP) and Securities Exchange Commission of Pakistan (SECP), urging their continued support in facilitating a fair resolution.

Finja said it was willing to prove its claims, also assuring its clients that investments remain secure.

Finja specialises in providing AI/ML-backed accessible financing exclusively to underserved SMEs.

The fintech company said that it has facilitated over Rs 12 billion in financing, benefiting over 28,000 SMEs across 35 cities, 10% of it being through Finja Invest, the country’s only Peer-to-peer financing platform.

It is better to recall that Finja had transferred its Electronic Money Institution (EMI) operations to Opay International PTE. LTD in October 2023. The move was aimed to focus efforts on enhancing its core products and services in Pakistan’s digital lending and investment landscape.

12 COMMENTS

  1. Story looks one-sided. Let’s wait for OPay’s response.
    Nonetheless, this proved that this breed was never on a mission to teach banks how to do financial services, rather they are all on a route to become millionaires overnight. Watch this space, there are rumors about another blue-eyed kid on the block.

  2. HOW TO RECOVER YOUR LOST OR STOLEN CRYPTOCURRENCY BY WONG BEST WIZARD
    This is good news to all of you looking for how to get your lost money while trying to know about Binary just like myself. I am out here to tell you to warry no more because the solution is here, my name is Braxton Breanna, and I am an entrepreneur. As an entrepreneur, I should invest, so I was trying to gain knowledge by investing some amount into BTC because of the profits I could get while investing. Unfortunately, I was dealing with the wrong source of which I was defrauded of about $250,000 per the investment plan. I knew at once I couldn’t gain access to any of their platforms. Not long ago, while surfing the internet, I randomly came across Wong Best Wizard Recovery. This organization helped me recover about $240,000 which I had previously lost with the supposed legitimate company. All thanks to Wong Best Wizard Recovery for their superb work. I am glad and will boldly make reference to this great company.
    wongbestwizard {@}gmail.com
    Whatsapp : +1(737}-312-5542

  3. HOW TO RECOVER YOUR CRYPTO INVESTMENTS FROM SCAMMERS / WONG BEST WIZARD
    Hello my name is Liam Curry – Art, Design and Sixth Form Lecturer. Before I discovered Wong Best Wizard, a certified hack specialist, I had lost a lot of BTC to scammers and had little hope of recovering it. They only needed three days to restore all I had lost. Knowing that everything I’ve lost has been found gives me such a great deal of faith in this hack expert and gives me such renewed optimism. Contact them now if you are ever a victim of Crypto Scam, Online dating Scam ?
    via Wongbestwizard (@} Gmail .Com
    Whatsapp : +1{737}-312-5542

  4. It has come to my attention that there are concerns regarding certain practices attributed to Opay, particularly regarding alleged fraudulent activities in various countries. As professionals in the fintech industry, it is imperative for us to uphold the highest standards of integrity and transparency. While it is essential to ensure fair competition and prevent monopolistic tendencies, it is equally important to address such concerns through appropriate channels and processes. I believe it is crucial for stakeholders to engage in constructive dialogue and adhere to legal frameworks to address any issues or grievances. Upholding ethical practices not only fosters trust within the industry but also ensures a level playing field for all participants. As such, I encourage open communication and collaboration to uphold the integrity and credibility of the fintech market in Pakistan.

  5. I see a lot of recommendations online and it’s already obvious there are bad eggs online who will only add to your mystery. I can only recommend one and you can reach them via mail on ([email protected]) if you need help on recovering what you lost to scammers.

  6. My encounter with ( FOLKWIN EXPERT RECOVERY ) was an eye-opener, revealing the scarcity of legitimate trading platforms. It all began during a family gathering at my parent’s home, where my brother initiated a discussion about the profitability of stocks, capturing my interest. Intrigued by his success, he introduced me to the trading website he utilized. Without hesitation, I embarked on this venture, starting with the most basic plan and gradually witnessing my account grow over time. As the profits started rolling in steadily, my Husband and I deliberated on expanding our investment for even greater returns. With his encouragement, we decided to upgrade to the platinum plan, committing 117,000.07 Euros in anticipation of sizable profits within the customary two-week period. However, our optimism was short-lived when our attempts to withdraw profits were thwarted by unexpected obstacles. To our dismay, the trading company demanded an exorbitant “legal fee” of 8,000 Euros before releasing our funds, despite our initial investments and prior charges. Feeling trapped and desperate to salvage our finances, I realized that seeking external assistance was imperative. Turning to looking for help, I stumbled upon ( FOLKWIN EXPERT RECOVERY ) a resourceful person who offered guidance and support. After providing them with the necessary information, they meticulously outlined the recovery process and provided a timeline for resolution. Through their expertise and dedication, we were ultimately successful in recovering all transactions associated with the fraudulent platform. This experience served as a profound lesson for my family, highlighting the importance of due diligence and vigilance in financial endeavors. Eager to prevent others from falling victim to similar scams, I directed my brother, who encountered similar challenges, to seek assistance from ( FOLKWIN EXPERT RECOVERY ) In hindsight, while the ordeal was distressing, it ultimately reinforced our resilience and underscored the significance of seeking reputable sources of financial guidance and support. I am grateful to have known ( FOLKWIN EXPERT RECOVERY ), serving as the best Bitcoin recovery agent ever. Contact details below:

    > Website: www.folkwinexpertrecovery.com 
    > Folkwinexpertrecovery @ tech-center { . } com

    Thanks God bless,
    Elijah Madelyn .

  7. A gentleman reached out to me on Twitter, and we shared knowledge about crypto and the surrounding community over the course of many days. A week later, he informed me that he was a Trade Execution Specialist at Etoro. He sounded quite credible and professional. He ultimately persuaded me to engage in day trading with a capital of $200,000, promising to trade my cash with a strong trading algorithm that will automatically purchase and sell ERC20 tokens. Everything appeared genuine and credible until I made payments using USDT, after which he removed his Twitter account. I had given up all hope until I read a blog article about a company called hackerrone90. I filed a complaint with them, outlining how my cryptocurrency assets were stolen. hackerrone90 was able to take action, and after three days I was asked for my wallet information and my monies was refunded in full. I am aware that I am not the only one who has fallen victim to internet scammers, so if you ever fall or have fallen victim to this type of scam, you can call hackerrone90 for a detailed explanation. Their email address is hackerrone90 at gmail com. I am confident that they will be of great assistance to you.

  8. GET RICH WITH BLANK ATM CARD, Whats app: +18033921735

    I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Online Hackers send them the atm blank card and use it to collect money in any atm machine and become rich I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

    You can also contact them for the service below

    * Western Union/MoneyGram Transfer

    * Bank Transfer

    * PayPal / Skrill Transfer

    * Crypto Mining

    * CashApp Transfer

    * Bitcoin Loans

    * Recover Stolen/Missing Crypto/Funds/Assets

    Email: darkwebonlinehackers @ gmail . com

    Telegram or Whats App: +18033921735

  9. I appreciate “ReCOVERYCOINGROUP AT GMAIL DOT COM” for helping me recover my 3.9BTC, I was a victim of a romance scam and was persuaded to invest. Just when I was about to withdraw my funds and I was asked to pay some charges before I can withdraw, I knew something was right but I paid 12,000 USDT and was asked to pay another 20,000 USDT then I told my colleague who then recommended Recovery Coin Group (RCG) and in less than 72 hours all my money was recovered. Thank you once again RCG for your sincere help.

  10. I’m glad to recommend the real deal fund retrieval firm at hackerrone90 (at) gmailc0m. I believe no one has the right to tell anyone how to spend their earnings or money. But I’ll use this medium as an awareness on how I was being swindled of my hard earned money to the so called profitable bitcoin investment. This bogus company took about $405,000 worth bitcoins from me but thanks to the prowess of hackerrone90 (at) gmailc0m who I was directed to contact and it was within 15 hours of our interaction when he got my whole bitcoin and other bonuses recovered into my crypto wallet. I was amazed and had to recommend this team to all in need of reputable expert for your fund recovery service.

  11. I am so so AMAZED that hackerrone90 @ gmail com helped me recover my $350.000k. I’m forever thankful for this backend expert and I truly recommend him. He is the best out here!!!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Honda and Nissan consider mutual production of vehicles, Kyodo reports

Automakers explore deepened collaboration, including shared production and hybrid vehicle supply, amid strategic challenges and shifting global trade dynamics