JaybPay was founded with one belief: every Pakistani — in a city or a village, banked or unbanked — deserves fast, fair, and transparent payments.
Pakistan's payment infrastructure has historically served those who already have. Banks require extensive documentation. Remittance fees erode hard-earned savings. Rural merchants accept only cash because digital options simply don't reach them.
We started JaybPay to change that. By anchoring a stable PKR-pegged digital currency directly on the Stellar blockchain, we've made the settlement layer publicly auditable, programmable, and accessible from any phone — including feature phones without internet.
When our PVARA NOC is granted and SBP approvals are in place, we will open the platform fully. Until then, we're building in public — every transaction on PKRC is traceable on Stellar's public ledger right now.
Pakistanis with limited access to formal financial services — our primary audience.
Average Stellar settlement time for PKRC transfers.
Target fee per PKRC transaction — a fraction of existing transfer costs.
Every PKRC transfer is permanently recorded on Stellar. No black boxes, no hidden flows.
2024
Adil Aziz, our founder, struggled to send money to his family in rural Punjab using conventional channels — high fees, long wait times, and opaque exchange rates. He started researching blockchain-based alternatives.
Early 2025
JaybPay was formally registered in Pakistan with a clear mandate: build a stable, PKR-pegged digital currency and the infrastructure to make it accessible to every Pakistani, regardless of bank account status.
Mid 2025
After evaluating multiple blockchains, we chose Stellar for its proven stablecoin track record, ~5-second settlement, and PKR-friendly compliance features. PKRC was issued on the Stellar mainnet and the asset record made public.
NOW · In Progress
We've applied for a No-Objection Certificate under the SBP EMI Framework via PVARA. We will not conduct public operations until all regulatory approvals are in place. Transparency is not optional for us — it's core infrastructure.
Planned · 2026
Full public rollout with the JaybPay App, developer API, and merchant tooling — upon receiving PVARA NOC and SBP in-principle approval.
Founder & CEO
Fintech builder, Stellar ecosystem contributor, and product designer. Passionate about closing Pakistan's financial inclusion gap through open-source infrastructure.
We're a small founding team actively looking to grow. Reach out if you want to help build.
Every PKR Coin is publicly auditable on Stellar. Our regulatory status is always disclosed. We say what we can and can't do.
Feature phone support, offline tokens, Urdu-first UX. We design for the margins, not the average.
We won't launch publicly without proper authorisation. Sustainable financial services require regulatory trust, and we're building that deliberately.
Our developer API will be open to all licensed partners. We don't want to own Pakistan's payment stack — we want to be the open foundation others build on.
Press enquiries, partnership conversations, or just curious about what we're building — we'd love to hear from you.