YAP Expands Into Pakistan With EMI Licence Approval –

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United Arab EmiratesStart up (UAE)-Up YAPA grant of in-Principle approval from State BankOf PakistanElectronic money instituteEMI) licence.

YAPFinancial inclusion is broadened through this initiative Pakistan

FollowingThe UAE launched its digital banking platform last year. YAPIt has set its sights on Pakistan’s fast-growing fintech landscape with the aim of serving the country’s underbanked population.

YAP PakistanCEO Meharyab Niazi says the firm is “dedicated” to expanding into the underserved PakistaniFinancial inclusion will be enhanced by fintech.

“ToTo achieve this goal, we will be releasing a number of products that are fine.-Our tuned and curated Pakistani audience,” NiaziAdds, including an Urdu version of the firm’s app which is currently in development.

In particular, subsidiary YAP PakistanThe company hopes to address the problems consumers face in the foreign money transfer market with Pakistan ranked sixth in the top 10 recipient countries of workers’ remittances globally.

YAPAccording to July2021 February2022: A total of $11.2 Billion was sent from Gulf Cooperation Council(GCC), countries that form a political and economically united bloc ArabStates bordering the GulfTo. Pakistan.

AsWell as remittance and money transfer services. YAP PakistanUsers will be offered a digital account, an IBAN and a prepaid card. YAP MastercardPayPak cards and debit cards: spending analytics and notifications, bill payment, transfers, virtual cards, and bill payments.

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