Bayfikr launches application for transfers and payments of accounts for foreign Pakistanis

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 Bayfikr launches application for transfers and payments of accounts for foreign Pakistanis

Bayfikr, a company based in Fintech, UK, launched its unique mobile transfer and billing application for users on March 7, 2022.

Bayfikr is trying to make it easier for Pakistani expats to send their remittances to Pakistan. Bayfikr, originally focused on Bayfikr on the British corridor to Pakistan, intends to quickly become a major player in this corridor for $ 4 billion.

Unlike existing money transfer applications, Bayfikr gives overseas Pakistanis the necessary control by allowing direct and direct payments from an account in Pakistan in addition to traditional transfers.

That instead of just sending money, users can directly check their accounts in Pakistan and pay from their bank accounts in the UK. Fintech is currently aboard more than 100 Pakistani billiards and companies and is working to add more in the coming weeks.

The board is also embarking on well-known real estate projects so that overseas Pakistanis can continue with the installation plans.

Bayfikr was founded by Pakistani expats who realized that current remittance solutions did not fully meet the unique needs of the Pakistani diaspora living abroad. Overseas Pakistanis send $ 30 billion to Pakistan each year and need a unique application to support their needs.

CEO Rascim Khattak said: "We conducted surveys among Pakistani expats and found that a large part - about 80% - of the funds sent to support families at home is used for rent, bill payments, school and hospital expenses and payments. property. None of the current players cares about these requirements. That's why we decided to create Bayfikr to support our people. "

He added that Bayfikr is aimed at the Pakistani community and will soon be available to Pakistanis living in the UAE and KSA who face similar problems.

In addition to billers, Bayfikr has also added well-established charities based in Pakistan so that foreign Pakistanis can help those in need near their homes.

Bayfikr is on a mission to help the community and it has been found that part of the proceeds will go to various charities based in Pakistan. Bayfikr has also signed agreements with various Pakistani banks to make it easier for its users.

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