The best way for Pakistanis to send money to Pakistan from UAE, Saudi Arabia, UK, USA, Canada, Australia, Europe, and other parts of the world is through apps of Branchless Banking, which are as follows:
- Easy Paisa
- M Vault
- You Paisa
- Jazz Cash
- UBL Omni
- Pay Max
- HBL Express
- Meezan You Paisa
- Roshan Digital Bank Accounts is a great initiative by Pakistani government for the Expats also.
Keeping in view the convenience of Pakistanis abroad, the government has also introduced a remittance system in addition to banks and exchange companies. According to Pakistan Bureau of Immigration officials, after the introduction of the Roshan Digital Bank Accounts facility, it was made mandatory for those wishing to go abroad to submit their bank account details to the protectorate offices. However, some citizens had difficulty opening bank accounts.
With this in mind, traditional banking as well as branchless banking and other such apps have made it possible for Pakistanis abroad to send money home through them. So now those Pakistanis who want to go abroad and don’t have any other bank account can use MobiCash, EasyPay, M-Wallet, UPay, Jazz Cash, UBL Omni, Paymax, Omni, HBL Express and Meezan UPESA can also provide details of their branchless accounts.
According to the bureau, Pakistanis abroad will also be able to send money to Pakistan by accessing these apps. Officials at the Ministry of Overseas Pakistanis told Urdu News that these measures have been taken under the Pakistan Remittance Initiative to facilitate Pakistanis abroad and to maintain the continuity of the recent increase in remittances from them. This is very convenient and helpful for the expats.
It may be recalled that during November, more than ارب 2.34 billion was remitted to Pakistan by Pakistanis abroad. According to the State Bank of Pakistan, this is the sixth consecutive month when remittances have exceeded Rs 2 billion. November 2020 remittances are 28% higher than November 2019. During the first five months of the current financial year, remittances have increased by 27%. Their volume was ارب 11.77 billion.