JazzCash and du Pay Forge Historic Partnership for Cross-Border Payments

Karachi, In a groundbreaking move for financial technology, JazzCash, Pakistan's largest fintech organization, has partnered with du Pay, a unit of Emirates Integrated Telecommunications Company (EITC), to facilitate cross-border payments between the UAE and Pakistan. This marks the first collaboration of its kind between a Pakistani fintech and the newly launched du Pay, aiming to streamline the remittance process for the extensive Pakistani expatriate community in the UAE.

According to Jazz Pakistan, the Memorandum of Understanding (MoU) signing is a significant milestone and kicks off what is expected to be a fruitful long-term relationship. This partnership aligns with both companies' commitment to improving financial accessibility and enhancing economic growth through technological innovation. Aamir Ibrahim, CEO of Jazz, emphasized the crucial role of remittances in sustaining Pakistani households and supporting the national economy. He stated that this collaboration would help ensure these funds have a lasting impact on Pakistan's economic stability.

The UAE is a key player in Pakistan's remittance landscape, being the second-largest contributor after Saudi Arabia. In March 2024 alone, remittances from the UAE amounted to $548 million. The strategic alliance between JazzCash and du Pay is poised to enhance the remittance experience by providing a simplified and secure platform for transactions, thus benefiting a large number of Pakistani expatriates in the UAE.

Fahad Al Hassawi, CEO of du, expressed confidence in the partnership, noting that it promises to deliver exceptional services and solutions, advancing financial inclusion and positively impacting the lives of Pakistani nationals. du Pay, licensed by the Central Bank of the UAE, offers a comprehensive suite of digital financial services, including international and peer-to-peer transfers, mobile top-ups, bill payments, and salary deposits through an IBAN.

Looking ahead, JazzCash and du Pay plan to explore new avenues for cooperation, leveraging their strengths to drive innovation and expand JazzCash's footprint in the UAE market.