Pakistan is one of the leading remittance-receiving countries in the world, with millions of overseas Pakistanis sending money back home to support their families and friends. According to the World Bank, Pakistan received $31.3 billion in remittances in 2022.
With the advancement of technology and the rise of digital payments, many Pakistanis are now using mobile wallets to receive remittances from abroad. Mobile wallets are applications that allow users to store money digitally and make payments using their smartphones. They offer convenience, security, and speed for both senders and receivers of money.
There are several mobile wallet providers available in Pakistan, each with its own features and benefits. In this blog post, we will list some of the top mobile wallets in Pakistan for receiving remittances, based on their popularity, functionality, and customer satisfaction.
EasyPaisa
EasyPaisa is the most used and oldest mobile wallet in Pakistan, launched by Telenor Microfinance Bank in 2009. It has over 25 million registered users and 170,000 agents across the country. EasyPaisa allows users to receive remittances from abroad directly into their wallets, without the need for a bank account. Users can also withdraw cash from ATMs or agents, transfer money to any bank or mobile account, pay bills, buy airtime, and shop online using EasyPaisa.
Some of the features and benefits of EasyPaisa are:
- Free registration and activation
- No monthly or annual charges
- No minimum balance requirement
- Instant and secure transactions
- Rewards and discounts on various services
- Customer support via phone, email, or app
To register for EasyPaisa, users need to download the app from Google Play Store or App Store, enter their mobile number, CNIC number, and city name, and create a PIN code. Users can also visit any EasyPaisa agent or Telenor franchise to register their wallets.
JazzCash
JazzCash is another popular mobile wallet in Pakistan, launched by Jazz and Mobilink Microfinance Bank in 2012. It has over 20 million registered users and 100,000 agents across the country. JazzCash allows users to receive remittances from abroad directly into their wallets, without the need for a bank account. Users can also withdraw cash from ATMs or agents, transfer money to any bank or mobile account, pay bills, buy airtime, and shop online using JazzCash.
Some of the features and benefits of JazzCash are:
- Free registration and activation
- No monthly or annual charges
- No minimum balance requirement
- Instant and secure transactions
- Rewards and discounts on various services
- Customer support via phone, email, or app
To register for JazzCash, users need to download the app from Google Play Store or App Store, enter their mobile number, CNIC number, and date of birth, and create a PIN code. Users can also visit any JazzCash agent or Jazz franchise to register their wallets.
UPaisa
UPaisa is a relatively new mobile wallet in Pakistan, launched by U Microfinance Bank in 2013. It has over 10 million registered users and 45,000 agents across the country. UPaisa allows users to receive remittances from abroad directly into their wallets, without the need for a bank account. Users can also withdraw cash from ATMs or agents, transfer money to any bank or mobile account, pay bills, buy airtime, and shop online using UPaisa.
Some of the features and benefits of UPaisa are:
- Free registration and activation
- No monthly or annual charges
- No minimum balance requirement
- Instant and secure transactions
- Rewards and discounts on various services
- Customer support via phone or app
To register for UPaisa, users need to download the app from Google Play Store or App Store, enter their mobile number, CNIC number, date of birth, and city name, and create a PIN code. Users can also visit any UPaisa agent or Ufone franchise to register their wallets.
Keenu Wallet
Keenu Wallet is a niche mobile wallet in Pakistan, launched by Wemsol Pvt Ltd in 2016. It has over 5 million registered users and 15,000 merchants across the country. Keenu Wallet allows users to receive remittances from abroad directly into their wallets via ACE Money Transfer. Users can also withdraw cash from ATMs or agents (with a fee), transfer money to any bank or mobile account (with a fee), pay bills (with a fee), buy airtime (with a fee), and shop online using Keenu Wallet.
Some of the features and benefits of Keenu Wallet are:
- Free registration and activation
- No monthly or annual charges
- No minimum balance requirement
- Instant and secure transactions
- Cashback and discounts on various services
- Customer support via phone or email
To register for Keenu Wallet, users need to download the app from Google Play Store or App Store, enter their mobile number, and create a PIN code. Users can also visit any Keenu agent or partner outlet to register their wallets.
SadaPay
SadaPay is a safe and smart online money management platform that is created to ease the domestic and international payment processes in Pakistan. It is a digital wallet that allows you to open an account from the app and get a physical card without any registration fees. It was launched by SadaPay Technologies Ltd in 2020 and has over 3 million registered users. SadaPay allows users to receive remittances from abroad directly into their wallets via ACE Money Transfer, Ria Money Transfer, TransferWise, Payoneer, and other platforms. Users can also withdraw cash from ATMs (free for 3 times per month), transfer money to any bank or mobile account (free), pay bills (free), buy airtime (free), and shop online using SadaPay.
Some of the features and benefits of SadaPay are:
- Free registration and activation
- No monthly or annual charges
- No minimum balance requirement
- Instant and secure transactions
- Cashback and discounts on various services
- Customer support via phone, email, or app
To register for SadaPay, users need to download the app from Google Play Store or App Store, enter their mobile number, CNIC number, date of birth, and city name, and create a PIN code. Users also need to verify their identity by uploading a selfie and a picture of their CNIC.
SimSim Wallet
SimSim Wallet is a digital-only mobile wallet in Pakistan, launched by FINCA Microfinance Bank in 2017. It has over 2 million registered users and no agents or physical outlets. SimSim Wallet allows users to receive remittances from abroad directly into their wallets via Ria Money Transfer. Users can also withdraw cash from ATMs (with a fee), transfer money to any bank or mobile account (free), pay bills (free), buy airtime (free), and shop online using SimSim Wallet.
Some of the features and benefits of SimSim Wallet are:
- Free registration and activation
- No monthly or annual charges
- No minimum balance requirement
- Instant and secure transactions
- Cashback and discounts on various services
- Customer support via phone or app
To register for SimSim Wallet, users need to download the app from Google Play Store or App Store, enter their mobile number, CNIC number, date of birth, and city name, and create a PIN code. Users also need to verify their identity by uploading a selfie and a picture of their CNIC.
Conclusion
Mobile wallets are a convenient and efficient way to receive remittances from abroad in Pakistan. They offer various benefits such as speed, security, accessibility, and affordability. Users can choose from different mobile wallet providers based on their preferences and needs. However, users should also be aware of the potential risks and challenges of using mobile wallets, such as fraud, theft, hacking, network issues, service charges, and regulatory compliance. Users should always protect their personal information, PIN codes, passwords, and devices from unauthorized access or misuse.
Topics #Digital Wallets #featured #Pakistan #trending pakistan
