JazzCash, Pakistan’s leading fintech platform, announced a groundbreaking partnership with du Pay, a UAE-based financial services provider, to revolutionize cross-border payments. This first-ever collaboration between a Pakistani fintech and du Pay aims to streamline money transfers from the UAE’s large Pakistani expatriate community back to Pakistan.
The UAE is the second-largest source of remittances to Pakistan, with a staggering $548 million sent in March 2024 alone. This partnership directly addresses the needs of these expatriates, making it easier and faster for them to support families and contribute to Pakistan’s economic stability.
“We are committed to leveraging technology for financial inclusion,” said Aamir Ibrahim, CEO of Jazz, JazzCash’s parent company. “This collaboration simplifies payments for Pakistani expats everywhere, strengthening their role in Pakistan’s economic growth.”
du Pay, licensed by the UAE Central Bank, offers a comprehensive suite of financial services, including international money transfers, peer-to-peer payments, mobile top-ups, and bill payments. This partnership leverages both companies’ strengths to create a seamless money transfer experience.
“As a leading digital telco, we prioritize exceptional services for our customers,” said Fahad Al Hassawi, CEO of du.”This partnership with JazzCash ensures a streamlined experience with great benefits for our Pakistani customers in the UAE.”
Beyond simplifying remittances, JazzCash and du Pay plan to explore further avenues of cooperation. This strategic alliance aims to drive innovation in the financial services sector and potentially expand JazzCash’s presence in the UAE market.
This collaboration signifies a significant step towards a more efficient and inclusive financial ecosystem, empowering Pakistani expatriates and fostering economic growth in Pakistan.
