Jingle Pay

Jingle Pay is a Dubai-based digital banking and payments company operating a mobile application for expatriate consumers and businesses. The app provides a fee-free local-currency (AED) account without minimum balance requirements, multi-currency accounts and prepaid cards, peer-to-peer transfers and bill splitting using only a mobile number, and international money transfers with payout via bank account, card, mobile wallet or cash pickup. The company describes its transfer feature as the first remittance marketplace, in which multiple exchange houses and money transfer operators are integrated into the app so users can compare rates across providers.

Alongside its consumer app, Jingle Pay offers a Remittance-as-a-Service solution that enables banks, fintechs and non-financial institutions to embed international money transfer capability. The company states coverage of 150+ corridors/countries and 99+ currencies (the app listing cites 160+ countries), and says its technology stack is AI-powered. It is licensed by the Dubai Financial Services Authority and, per a 2026 interview, also by FINTRAC in Canada.

The company is headquartered in the Dubai International Financial Centre and has expanded into Pakistan, where it announced plans to launch branchless digital banking services in Q1 2025 and operates a country organisation led by a Pakistan country director; its Pakistan consumer app was still pre-launch with a waitlist at the time of the company-site source.

Founding story

The company was founded by Amir Fardghassemi, a fintech operator with more than 15 years of experience and a prior hedge fund background, on the premise that expatriates lose significant income to remittance fees and FX markups. The app is described as conceived by expats for expats, addressing difficulties in opening bank accounts and sending money home. Seedstars materials list additional co-founders: Christian Farioli (CMO/CDO), Girish Manghnani, Shafique R Ibrahim, Muhammad Rashid (CCO) and Nadeem Hussain.

Business model

Jingle Pay serves retail customers, primarily expatriates, through a mobile application offering accounts, cards, peer-to-peer payments and cross-border remittances, and also sells a Remittance-as-a-Service capability to banks, fintechs and non-financial institutions that want to offer international transfers. Consumer positioning emphasises fee-free accounts and fee-free transfers with rates sourced from competing providers on an in-app marketplace.

The sources describe fee-free accounts and fee-free remittance transactions for users, with revenue implied to come from foreign-exchange rates offered through its remittance marketplace and from institutional Remittance-as-a-Service arrangements; specific pricing or take rates are not disclosed.

Traction

Company materials report USD 4 billion processed in transactions, 10 million+ transactions, 1.5 million unique senders and coverage of 150 countries; a 2026 interview cites an annualised run rate of more than $5 billion in payment volume across 19 million annualised transactions and more than $58 million saved for remittance senders. Press coverage of the January 2025 Bank Alfalah investment reported over 2 million transactions processed and more than $1 billion in international transfers during 2024, saving customers over $6 million in fees. The Android app lists 50,000+ downloads.

Latest developments

Following the Bank Alfalah stake and board appointment in January 2025, the company has been preparing a Pakistan launch, with a waitlist in place for its Pakistan app. A 2026 interview describes a strategic shift toward infrastructure and embedded financial services, with partnerships spanning Mastercard, Western Union, MoneyGram, Network International and BOTIM, and an emphasis on programmable settlement architecture and digital assets.