Simpaisa acquires aamarPay, invests $1m in Bangladesh fintech

Simpaisa has acquired aamarPay and invested nearly $1 million to expand digital payment services in Bangladesh.

The investment marks a foreign fintech investment in a Payment System Operator (PSO) in Bangladesh, says a press release.

The announcement was made during the “Ramadan Serenity 2026” event held on March 12 at the Radisson Blu Water Garden Hotel in Dhaka.

Simpaisa said the investment will support aamarPay in expanding technological capabilities and services and strengthen digital payment infrastructure in Bangladesh.

The development is also expected to support financial inclusion and innovation in the country’s fintech sector.

Yassir Pasha, global CEO of Simpaisa, said, “Through our collaboration with aamarPay, we aim to enhance payment solutions for individuals and businesses across Bangladesh, strengthen the country’s financial infrastructure, and enable cross-border payments. This partnership will spur growth, advancing our commitment to financial inclusion and economic development.”

Sanjana Farid, country manager for Bangladesh and Nepal at Simpaisa and chief executive officer of aamarPay, and A. M. Ishtiaque Sarwar, managing director of aamarPay, attended the event.

Simpaisa provides digital payment services including payment acquiring, disbursement and remittance solutions.

aamarPay, established in 2015, provides digital payment gateway services for businesses in Bangladesh.

The platform allows merchants to accept payments through local and international cards, mobile financial services and digital wallets. It operates with a Payment System Operator licence from Bangladesh Bank and maintains PCI-DSS compliance.