Switzerland's ZoodPay enters Pakistan with acquisition of digital lender Tez

Switzerland's ZoodPay enters Pakistan with acquisition of digital lender Tez

(Left to Right) Naureen Hayat, Nadeem Hussain, and Humza Hussain of Tez

Karachi-based Tez Financial Services (Tez) has been fully acquired by ZoodPay, a Switzerland-based buy now pay later (BNPL) platform that has operations mainly in the Middle East and Central Asia. Tez’s valuation during the acquisition is confidential.