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.
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.
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:
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.