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ISLAMABAD, Jan 18 (APP):The Prime Minister’s Youth Programme signed a Letter of Intent (LOI) on Sunday with Dellsons Associates Private Limited at the Prime Minister’s Office to collaborate on developing a Digital Wallet linked with the Digital Youth Hub, aimed at enabling instant and zero cost remittances for overseas Pakistanis, particularly blue collar workers in the United Arab Emirates, as part of the government’s drive toward a cashless and digital economy.
The LOI signing ceremony was witnessed by PMYP Chairman Rana Mashhood Ahmad Khan, with participation from representatives of the Ministry of Finance, ONE LINK, and United Bank Limited.
The meeting was also attended by Dr Muhammad Ali Malik, Joint Secretary PMYP, and Ibrahim Amin, Founder and Chairman of Dellsons Associates Private Limited, along with their respective teams.
Under the proposed collaboration, a regulated Digital Wallet will be integrated with PMYP’s Digital Youth Hub, allowing overseas Pakistanis in the UAE to send remittances through formal banking channels at zero cost.
The initiative aims to ease financial access for migrant workers, enhance financial inclusion, and encourage the use of documented remittance systems.
The partnership aligns with the prime minister’s vision of a digital and cashless economy and supports PMYP’s Four Es framework of education, employment, engagement, and environment.
Officials said the initiative would leverage financial technology to promote productive employment, secure cross border transactions, and digital literacy among Pakistani youth working abroad.
Dellsons Associates Private Limited, which operates in financial technology and digital payment solutions with active partners in the UAE, will support the design, development, deployment, and management of the Digital Wallet.
The remittance framework will be implemented in coordination with ONE LINK, United Bank Limited, and other relevant stakeholders.
According to the agreement, the project will comply fully with regulatory requirements of the Central Bank of the UAE and the State Bank of Pakistan, including anti money laundering, counter terrorism financing, know your customer, consumer protection, and cybersecurity standards.
The implementing partners will also establish technological infrastructure, operational support systems, customer onboarding mechanisms, marketing outreach, and UAE based service and support centres.
Officials said the collaboration is expected to boost formal remittance inflows, reduce dependence on informal transfer channels, strengthen digital adoption, and contribute to Pakistan’s broader economic stability and digital transformation agenda.