ISLAMABAD: The Prime Minister’s Youth Programme (PMYP) has decided to launch a digital wallet initiative that will facilitate zero-cost remittances from overseas Pakistanis in the UAE, a leading fintech that will design and manage the initiative said on Thursday.
Dellsons Associate, a company that specializes in financial technology, digital payments and remittance solutions that has operations in the UAE, said the initiative will be launched under the Digital Youth Hub.
The Digital Youth Hub is a flagship platform of the government-led PMYP that aims to connect Pakistan’s 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 said in a press release.
Dellsons Associates said that as per the proposed framework, it will support the design, development, deployment and management of the digital wallet.
