Abu Dhabi: Pakistan's Ambassador to the United Arab Emirates (UAE), Faisal Niaz Tirmizi, emphasized the potential of digitalizing financial transactions to transform Pakistan's economy. He spoke at the launch of KuickPay, a new online payments platform, urging Pakistani expatriates in the UAE to utilize formal banking channels for sending remittances back home.
KuickPay is a user-friendly digital platform. This innovative app allows users to pay various bills quickly and conveniently using debit and credit cards. By consolidating bill payments into a single platform, KuickPay offers a streamlined and hassle-free experience.
Image Credit: Supplied
KuickPay: A Bridge for Expatriate Transactions
The founders of KuickPay, Saqib Ali Kazmi and Arbab Ali Khan, unveiled the KuickPay UAE App. This innovative platform caters to both the Pakistani expatriate community and the general public residing in the UAE.
The app's key feature allows users to seamlessly pay bills in the UAE and Pakistan using their UAE-issued cards. This eliminates the need for complex currency exchanges and simplifies financial transactions for Pakistanis abroad.
Why Digital Economy Matters
Ambassador Tirmizi's strong advocacy for a digital economy is not without reason. Digitalization offers a multitude of benefits:
Convenience and Efficiency: Financial transactions are made faster and more accessible, removing geographical barriers.
Transparency and Security: Promote transparency in the financial system, reducing the risk of errors and fraud.
Financial Inclusion: Empower those who may not have access to traditional banking services, fostering greater financial inclusion.
Economic Growth: Stimulate economic growth and development by streamlining financial processes and increasing transparency.
Image Credit: Supplied
The event included representatives from the UAE banking sector, exchange companies, the MENA Fintech Association, and other distinguished guests.