How to receive Pakistani Rupees in the UK
Pakistan is the second destination for remittances from the UK. This is largely due to the emigration of Pakistanis driven by poverty and a search for better economic opportunities.
While this transnational migration influences large remittance inflows to Pakistan from the UK, there may be cases where the reverse applies. That is, there are also remittance outflows from Pakistan to the UK.
Reasons behind remittance outflows from Pakistan to the UK
Usually, international transfers come in US Dollars (USD), British Pounds (GBP), or Euros (EUR).
Transfers or payments in Pakistani Rupees (PKR), though unpopular, are not unusual. Here’s why:
- There are freelancers and remote workers in the UK who work with South Asian startups or clients who prefer to pay in their local currency. This preference could be due to local banking regulations, internal company policies in Pakistan, or simply convenience.
- The families and friends of Pakistani UK residents typically send money in PKR, especially when using domestic accounts or Pakistani fintech apps like Easypaisa and JazzCash. They usually prefer these methods because of their convenience and direct integration with local financial systems in Pakistan.
- Pakistani manufacturers or partners may pay entrepreneurs or exporters in the UK in PKR to cut costs and avoid currency conversion. By transacting directly in PKR, businesses can streamline their financial operations, avoid fluctuating exchange rates, and potentially enhance their profit margins, especially when dealing with large volumes or frequent transactions.
Due to these reasons, there is a need for reliable and efficient methods to receive PKR in the UK or even convert PKR to GBP. Given the current tech advancements, receiving cross-border payments shouldn’t be stressful; however, that’s not usually the case.
From fluctuating exchange rates to hidden bank charges to delayed transfers, making international transfers can be a hassle.
A UK student receiving support from his Pakistani parents or a freelancer working with clients in Karachi should be able to receive PKR easily.
And OhentPay makes that possible. But before exploring what OhentPay offers, it is best to understand why using traditional banks is not an efficient option.
Why traditional bank transfers don’t just cut it.
Like traditional banks in other parts of the world, Pakistani banks (e.g., National Bank of Pakistan, Habib Bank Limited, and United Bank Limited) are a popular choice for international money transfer.
They are trusted, heavily regulated, and offer structured services for cross-border payments. Their long-standing presence in the financial sector naturally instils a sense of security and reliability among their customers.
However, their traditional approach makes them fall short of modern expectations, especially in areas of speed, cost-effectiveness, and ease of use.
Making international transfers through conventional banks can be a slow process, as it takes several days for the transaction to be completed.
Such delays could be problematic in urgent situations or for businesses that depend on swift transactions. This is coupled with huge fees associated with these transfers.
Not only are these fees costly, but they are also hidden and often disguised as exchange rate markups and intermediary bank fees. These cumulative costs can significantly slash the value of the transferred amount.
Aside from these financial implications, the user experience of these banks is usually not ideal. Their processes often involve filling out complex forms, visiting physical branches, and dealing with less intuitive mobile apps.
This is not to say that some traditional banks are not making strides in digitalising their services. However, their digital platforms pale in comparison to specialised money transfer services like OhentPay with streamlined user interfaces and mobile accessibility.
OhentPay: The efficient method for receiving Pakistani Rupees in the UK
OhentPay is a smart way to send money to the UK from Pakistan. A fast and safe option, OhentPay is designed for this generation rife with freelancers, students, caregivers, digital nomads, and small business owners who need seamless global money movement.
Why OhentPay just cuts it
OhentPay puts control back in the hands of the sender and the receiver. First, it comes with no hidden charges.
It even goes further to peg a fixed fee of £1.50 for personal accounts, which means that every user can predict how much their transactions would cost.
Strong exchange rates are a defining feature of OhentPay. Its rates beat what traditional banks and many money transfer operators offer.
These rates show OhentPay's user-centricity and ability to stay afloat in the over 190 countries where it finds itself. It is also noteworthy to mention that it supports 40+ currencies.
Furthermore, the app has a clean, intuitive, and easy-to-navigate interface alongside reliable support. OhentPay also scores high in security and compliance as it is FCA regulated, PCI DSS compliant, and SOC 2 certified.
Send money the smart way with OhentPay
Getting paid in Pakistani Rupees while living in the UK doesn’t need to be a headache. OhentPay makes the process faster, fairer, and way more transparent than what traditional banks offer.
Whether it’s for personal support, business transactions, or freelance payments, it’s about time your money transfer app worked as hard as you do.
