KARACHI: The Prime Minister’s Youth Programme (PMYP), under the Digital Youth Hub, has decided to develop a digital wallet aimed at facilitating zero-cost digital remittances for overseas Pakistanis, particularly blue-collar workers in the United Arab Emirates (UAE), a statement said on Thursday.
The initiative aligns with the prime minister’s vision of a cashless and digital economy and reinforces PMYP’s mandate under its Four Es Framework, including education, employment, engagement and environment.
By leveraging financial technology and digital infrastructure, the collaboration seeks to promote productive employment, financial inclusion and secure remittance channels for Pakistani youth working abroad, said Chairperson Rana Mashhood Ahmad Khan.
The Digital Youth Hub, a flagship platform of PMYP, currently connects youth to education, employment, entrepreneurship and engagement opportunities. Through this proposed collaboration, a regulated digital wallet solution will be integrated with the Hub, enabling overseas Pakistanis in the UAE to send remittances instantly and at zero cost through formal channels.
Dellsons Associates Private Limited specialises in financial technology, digital payments and remittance solutions, with active operations and partners in the UAE. Under the proposed framework, Dellsons Associates will support the design, development, deployment and management of the digital wallet, including secure cross-border remittance processing through 1LINK, United Bank Limited, and other relevant partners.
The initiative will ensure full compliance with the regulatory requirements of the Central Bank of the UAE and the State Bank of Pakistan, including AML, CFT, KYC, consumer protection, and cybersecurity standards. All regulatory approvals, technological infrastructure, operational support, customer onboarding, marketing, and UAE-based service offices and customer support centres will be established by the implementing partners, said Ibrahim Amin, chairperson of Dellsons Associates.
The collaboration is expected to increase formal remittance inflows, reduce reliance on informal transfer channels, enhance digital literacy and contribute meaningfully to Pakistan’s economic stability and digital transformation.
