For UAE-based expats, sending money to loved ones in Pakistan has always been a top priority. As the underbanked population in the UAE faces various financial challenges, the need for a reliable and accessible remittance solution has become more critical than ever. In this blog, we’ll look at some of these challenges and offer a solution that could revolutionise the way expats send money to Pakistan.
Traditional Remittance Methods: Issues and Limitations
Annual remittances to Pakistan make up approximately 12.2% of the total remittances from the UAE, amounting to Dh17.775 billion. Traditionally, expats in the UAE have relied on banks, money transfer operators, or the hawala system for sending money to Pakistan. However, these methods come with their own set of limitations, such as high transaction fees, complicated processes, limited accessibility, and lack of transparency.
Moreover, many families in Pakistan may not have access to a bank account, making it difficult to receive remittances through conventional methods. Moreover, cash-based remittance methods pose security risks for both the sender and the recipient.
Sending Money with the Pyypl App
To address these issues, Pyypl offers a solution designed specifically for expats to send money to their families in Pakistan. We offer a 100% digital payment app that users can top up with funds and send money internationally to Pakistan as well as many other countries, all with a tap of a button.
How It Works:
- Easy Registration: UAE residents can quickly sign up online via the Pyypl app and get their account activated within minutes. No salary certificate, no paperwork required.
- Topping Up: You can load your account using various methods, such as a bank transfer, an an existing debit card. The loaded amount will be in AED, and it will be automatically converted from Dirham to Pak at competitive exchange rates when sending money. You can also keep an eye on 1 Dirham Pakistani price via the app.
- Transferring Funds: With just a few clicks, you can send money from their Pyypl app to recipients in Pakistan. The funds will be instantly available for the recipient to use, making it a quick and hassle-free remittance experience.
- Flexible Options: The recipient can get funds directly in their bank account, pick up cash from one of the 2,500+ cash pick-up locations in Pakistan across the Bank of Punjab, Bank Alfalah and MCB Bank Limited or get the funds to a mobile wallet in Pakistan such as Easy Paisa.
Key Benefits of the Pyypl App
- Convenience: Pyypl is accessible 24/7, allowing you to send money anytime, anywhere, without the need to visit a physical location or fill out paperwork.
- Cost-effective: We offer competitive exchange rates, enabling you to save on remittance costs and send more money to their families.
- Security and Transparency: Pyypl is a secure and transparent way to transfer money, as it’s regulated by financial authorities in the UAE and protected by advanced security measures such as encryption.
- Empowerment: By providing a reliable remittance solution, UAE expats can support their families' financial needs in Pakistan, improving their quality of life and contributing to their financial growth.
The Bottom Line
As the world continues to evolve and become more interconnected, it’s vital to offer innovative financial solutions that address the unique challenges faced by expats and their families. Pyypl provides an accessible solution to a remittance card for Pakistan online, empowering UAE-based expats to support their loved ones in Pakistan more efficiently and securely than ever before.
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