Best digital wallets in South Asia

Digital wallets let users make payments, send money and manage everyday transactions digitally. Read on to compare the top digital wallets, their features, fees and limits

Key takeaways

• Digital wallets enable users to store electronic money and make payments, transfers and other financial transactions through a mobile platform
• Pakistan’s digital wallets include JazzCash, Easypaisa, SadaPay and NayaPay, while Bangladesh has bKash, Nagad and Upay
• WorldFirst’s World Account is a multi-currency account supporting 15+ currencies for receiving, holding, converting and making international payments

In Bangladesh, about 47.8% of the total population uses mobile financial services (MFS) wallets, while 21% of adults in Pakistan use financial products or services, including mobile wallets. For individuals, freelancers and small businesses, choosing a mobile wallet often depends on merchant acceptance, cash access, transaction limits, fees and available business features.

International functionality is another consideration where payments or remittances cross borders. In this guide, we compare seven mobile wallets available in Pakistan and Bangladesh, along with a multi-currency account by WorldFirst, the World Account, which can be used for international payments.

What is a digital wallet?

A digital wallet is a mobile-based financial service that allows users to store electronic money and use it for payments and transfers. Depending on the provider, users can send money, pay merchants and bills, recharge mobile balances, receive remittances and withdraw cash through agents or ATMs.

In Pakistan and Bangladesh, digital wallets generally operate around local currencies and domestic payment networks. Some also provide cards, bank transfers and international functionality.

Top digital wallets in South Asia

1. JazzCash

JazzCash Business offers a business account for accepting and managing payments globally.¹ Businesses can accept QR/Raast payments, use a payment gateway or Tap on Phone, manage salary or welfare disbursements.^1,2 Business users can also access merchant lending and Digital Dukaan services.^1,2 JazzCash reports more than 1.5 million businesses and 300,000 agents.¹

Pricing: Zero registration fee, 3% funds transfer charge³
*Fees checked in September 2026

2. Easypaisa

Easypaisa provides corporate accounts, merchant accounts and an e-banking portal.⁴ Businesses can transact, collect customer payments, make salary and bulk disbursements, and use an online payment gateway.^4,5 Its business offering also includes cash collection management and real-time transaction controls for corporate users.⁴

Pricing: Zero charges for account opening. Cash deposit fee is 0.5% + tax and cash withdrawal fee starts from PKR 7⁶
*Fees checked in September 2026

3. SadaPay

SadaPay provides an account that supports money transfers, bill payments, mobile top-ups and international transfer receipt functionality via an app.⁷ Users can also access a Mastercard-powered card for local and international payments.⁷ Registration uses CNIC and selfie verification for users in Pakistan, while overseas Pakistani users can register using an international number and eligible identity documentation.⁷

Pricing: Zero charges for account opening, annual fee, and incoming remittances. PKR 250 charged as an international ATM fee⁸
*Fees checked in September 2026

4. NayaPay

NayaPay combines wallet payments with a linked bank account, virtual VISA card and cash withdrawals.⁹ Users can pay bills, make local payments and use the virtual card online and internationally.⁹ The wallet supports payments at Raast merchants and Alipay+ merchants in more than 50 countries, while international transfers can be received through 70+ remittance partners.⁹

Pricing: Account opening and ongoing account fees are zero. International transaction fees at 2.85%¹⁰
*Fees checked in September 2026

5. bKash

bKash offers mobile financial services such as money transfers, payments, mobile recharge, cash-out, bill payments, bank transfers and remittances.¹¹ Its business services support merchants, online businesses, corporate and enterprise users, and educational institutions, with payroll services for employee salary disbursements.¹¹ Account holders can withdraw up to BDT 30,000 per day and BDT 200,000 per month through authorised bKash agents and selected ATMs.¹²

Pricing: Not specified12
*Fees checked in September 2026

→ Here’s the full guide on how you can receive salary in USD

6. Nagad

Nagad supports sending money, withdrawals, mobile recharge, bill payments, merchant payments and remittances.¹³ Recipients can receive international remittances through supported partners and use the funds for Nagad services or cashing out.¹³ It can transfer funds between Nagad accounts, with charges depending on whether the app or USSD channel is used.¹³

Pricing: Not specified
*Fees checked in September 2026

7. Upay

Upay provides mobile financial services covering cash-in, cash-out, sending money, payments, adding money, bill payments and mobile recharge.¹⁴ It also offers a UCB-Upay co-branded prepaid card with app-based management, dual-currency functionality and international acceptance.¹⁵ Its published limits vary by transaction type, with separate daily and monthly thresholds.¹⁶

Pricing: No charge on the first five bills of the month, varies thereafter¹⁶
*Fees checked in September 2026

The World Account: Built for global businesses

WorldFirst is an international payments provider, offering the World Account, which is a multi-currency business account designed for businesses handling international payments. It provides local receiving account details in 15+ currencies, allowing businesses to send, receive, and hold funds in multiple currencies rather than immediately converting every payment into a domestic currency.

The account can receive payments from 130+ marketplaces and payment gateways, send payments across 200+ countries and regions, and transfer funds instantly between World Account holders at zero cost. It can also connect with accounting platforms such as Xero and NetSuite.

The account is linked to a World Card, which is a Mastercard-powered business payment card, supporting payments in 150+ currencies. There are no FX fees when making payments in the 15 supported currencies, as long as there is sufficient balance.

Key features of the World Account

• Local currency accounts in 15+ currencies, including USD, GBP, EUR, CNH and AUD
• Receive payments from 130+ marketplaces and payment gateways, including Amazon, Shopify and Stripe. You can also learn how to get paid from Amazon
• Up to 20 multi-currency cards at zero issuance cost
• World Pay, the authorised international payment provider for paying 1688.com suppliers can be used to pay suppliers in China

Pricing: Zero account opening, zero ongoing account fees and zero receiving fees. For Pakistan and Bangladesh, standard international payment fees are currently listed at 1.5%, while 1688.com payments can incur up to 0.8% currency conversion fees

FAQs

1. What are the best digital wallets in Bangladesh?

bKash, Nagad and Upay are the featured digital wallets in Bangladesh.^11,13,14 Key comparison points include payments, transfers, cash-out access, bill payments, remittances, transaction limits and merchant services.

2. Can digital wallets be used for international transactions?

Most digital wallets are primarily designed for domestic transactions. Some provide international transaction features through remittances, international card payments or selected cross-border payment services.

3. What is the difference between a digital wallet and a multi-currency account?

A digital wallet is designed for mobile-based domestic payments, transfers and cash access. A multi-currency account is designed to receive, hold, convert and send funds across multiple currencies, making it more suited to businesses handling cross-border operations.

Sources

1. https://www.jazzcash.com.pk/business
2. https://www.jazzcash.com.pk/business/business-solutions/supplier-payments
3. https://www.jazzcash.com.pk/assets/documents/SOC-Q3-2026-Final.pdf
4. https://easypaisa.com.pk/business-homepage/
5. https://easypaisa.com.pk/business-solutions/
6. https://easypaisa.com.pk/public-information/Schedule-of-Bank-Charges/Schedule-of-Bank-Charges-Branchless-Banking-English.pdf
7. https://sadapay.pk
8. https://sadapay.pk/soc
9. https://www.nayapay.com
10. https://www.nayapay.com/soc
11. https://www.bkash.com/en
12. https://www.bkash.com/en/customer-service/limits
13. https://nagad.com.bd/en
14. https://www.upaybd.com
15. https://www.upaybd.com/prepaid-card
16. https://www.upaybd.com/limits-and-charges

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.