Rise, a Dubai based fintech organization, currently said to raise around $1.4million in a round led by the middle east venture partners. This Dubai based fintech company provides financial services to migrants with low-income in the Gulf. Rise has teamed up with one of Pakistan’s leading eCommerce platforms HomeShopping.pk. Both companies have launched a buy now service for all the overseas Pakistanis residing in the United Arab Emirates.

This is the very first time when Rise has partnerships in such an agreement. This partnership will enable overseas Pakistanis living in UAE as well as rest of the Gulf, to purchase anything online including mobile phones, home appliances, laptops, and watch in (AED) installments and have the product(s) to their loved ones in Pakistan.

“Buy Now, Pay Later propositions have to date only been available for purchases locally and migrants have largely had no access to such means,” said Rise in a statement.

Also read: SadaPay & Mastercard join hands to simplify digital payment in Pakistan

You can find these products on a newly made section available on Rise’s website where users can easily browse them. Users need to signup for an account and on instant approval can make their purchases.

When taking a quick scan of the website, you can find out that currently, Rise’s financing service is only available for those who are Rise’s members or have been pre-approved by the platform for this financing. For those who are not pre-approved either must be invited by someone who is or request approval by getting on the waitlist.

All the purchases, the website suggests, will include a one-time processing fee and interest from 10 to 20 percent depending on the buyer’s profile. The purchases are delivered by HomeShopping.pk.

“Pakistan has one of the largest diasporas in the world, with almost 9 million overseas Pakistanis sending home USD 22 billion every year accounting for 7% of the GDP of the country. This partnership taps into this remittance pool and gives Pakistani migrants the ability to acquire a wide range of durable goods in an affordable manner,” noted the statement by Rise.

The benefit of the current service of Rise for migrant workers does not require any minimum balance or salary etc. in both the UAE and migrant home countries.

Padmini Gupta, the co-founder, and CEO of Rise, commenting on the occasion, said, “From day one, we have set out to democratize access to financial services for migrants. This partnership takes us one step closer to that goal. There are over 3 million Pakistanis living in the Gulf, the vast majority of which have never had the ability to make purchases back home on installments. Today we are changing that.”

Shayaan Tahir, founder, and CEO of HomeShopping.pk said, “We are delighted to expand our reach to bring easy installment purchases for overseas Pakistanis. During these challenging times when our fellow Pakistanis are not able to travel back home, especially for Eid, we are pleased to offer them a means to take care of their loved ones back home.”

Author

Amin Lalani is a subject matter specialist in Internet Retailer with several articles and research paper published so far. He has done M.Phil from IoBM in Marketing with emphasis on Internet Retailing. Besides academia he has various other certification like SAP, Google Analytic, Microsoft Small Business Solution Provider and more.

21 Comments

  1. I really wanted to write down a small remark so as to express gratitude to you for all of the unique strategies you are placing on this site. My time intensive internet search has at the end been recognized with extremely good information to talk about with my company. I ‘d admit that we readers actually are very lucky to live in a very good community with many brilliant individuals with helpful tips. I feel very fortunate to have used your entire webpages and look forward to tons of more exciting moments reading here. Thanks again for all the details.

  2. I would like to convey my respect for your generosity for folks that actually need assistance with this particular area. Your personal commitment to getting the message throughout ended up being extraordinarily important and have always helped workers much like me to attain their goals. Your warm and helpful publication can mean much a person like me and even more to my office colleagues. Regards; from everyone of us.

  3. Thanks so much for providing individuals with an extremely breathtaking possiblity to discover important secrets from this blog. It is often so pleasing and as well , packed with fun for me and my office fellow workers to visit your site at least thrice a week to read the newest stuff you have. And lastly, I am just certainly contented for the beautiful advice you give. Certain two points on this page are particularly the most beneficial I’ve had.

  4. I simply had to thank you very much once more. I do not know what I might have sorted out without those concepts documented by you concerning this area of interest. It had been a intimidating circumstance for me personally, nevertheless looking at the skilled avenue you treated it made me to leap with gladness. I am just happy for the support and then trust you comprehend what an amazing job you were putting in training men and women via your blog. I’m certain you’ve never met all of us.

  5. I wish to voice my gratitude for your kindness giving support to women who must have guidance on this important situation. Your very own commitment to passing the solution around came to be definitely powerful and have consistently encouraged professionals just like me to attain their dreams. The informative tips and hints entails a whole lot a person like me and even more to my colleagues. Best wishes; from everyone of us.

  6. I really wanted to develop a small word in order to express gratitude to you for some of the superb ways you are showing here. My time intensive internet investigation has at the end been paid with beneficial know-how to exchange with my company. I would assume that we website visitors are quite endowed to be in a decent community with very many perfect individuals with good basics. I feel very grateful to have used your website page and look forward to really more thrilling moments reading here. Thank you once more for a lot of things.

  7. Thank you so much for providing individuals with an extraordinarily spectacular opportunity to read articles and blog posts from this site. It’s usually so brilliant plus jam-packed with a great time for me and my office fellow workers to visit your site minimum three times a week to find out the fresh guides you have got. And definitely, we’re usually satisfied with all the attractive tips and hints served by you. Selected 1 tips in this post are in truth the most effective I’ve ever had.

  8. I needed to create you the bit of remark to say thanks a lot the moment again just for the precious techniques you have shared on this website. It’s remarkably generous with people like you to convey publicly what some people would have advertised as an e book to generate some money on their own, and in particular considering the fact that you could possibly have tried it in the event you wanted. Those tricks additionally acted like a fantastic way to understand that most people have a similar zeal the same as mine to understand a little more when it comes to this problem. I know there are millions of more pleasant moments up front for those who read carefully your blog post.

  9. My wife and i got very more than happy Raymond could finish up his inquiry from the ideas he acquired using your web pages. It is now and again perplexing to just be giving out key points that many people could have been making money from. And now we take into account we have the website owner to thank for that. The most important illustrations you made, the straightforward site menu, the relationships you aid to foster – it is everything spectacular, and it is aiding our son in addition to the family reason why this issue is pleasurable, which is truly essential. Thank you for all the pieces!

  10. My wife and i have been now delighted Ervin could finish up his homework through the entire precious recommendations he had using your site. It’s not at all simplistic to just happen to be handing out secrets many others may have been trying to sell. And now we figure out we need the website owner to give thanks to for that. All the illustrations you have made, the easy blog navigation, the relationships you can help to create – it’s most impressive, and it’s aiding our son and us reckon that the matter is enjoyable, which is pretty fundamental. Thanks for all!

  11. I together with my friends appeared to be checking the best ideas from your website while instantly I had a terrible suspicion I had not expressed respect to the web site owner for those tips. All of the women became as a result thrilled to read them and have in reality been loving these things. We appreciate you actually being simply accommodating as well as for picking out variety of nice areas millions of individuals are really desirous to understand about. My very own honest regret for not expressing appreciation to you earlier.

  12. My husband and i felt quite delighted that Jordan managed to do his researching using the ideas he came across through the web page. It’s not at all simplistic to simply continually be giving away solutions which usually some others could have been trying to sell. We understand we now have the blog owner to give thanks to for that. The most important illustrations you’ve made, the simple blog menu, the relationships you will help to engender – it is most exceptional, and it’s assisting our son and the family know that that idea is thrilling, which is really pressing. Thank you for all!

  13. I and my guys ended up following the excellent tips and hints from your website and so quickly got a horrible feeling I had not expressed respect to the site owner for them. All the men are actually so glad to study them and already have in reality been making the most of them. I appreciate you for being so kind and also for obtaining this sort of decent areas most people are really wanting to learn about. My sincere regret for not saying thanks to you earlier.

  14. I actually wanted to make a small word to say thanks to you for some of the marvelous solutions you are sharing at this site. My long internet research has finally been paid with useful information to share with my companions. I ‘d declare that most of us site visitors are quite lucky to dwell in a great place with very many lovely people with useful pointers. I feel very much privileged to have encountered your webpages and look forward to really more awesome minutes reading here. Thank you once again for a lot of things.

  15. The Cress is selling one of the best designer mens shirts in pakistan with great discount on its men shirts hurry and grab yours now

  16. Thank you for all of your labor on this blog. Ellie takes pleasure in doing research and it is easy to understand why. Almost all learn all relating to the powerful medium you offer advantageous guidance via the blog and as well as strongly encourage response from others about this issue then my simple princess is certainly learning a great deal. Enjoy the remaining portion of the year. You are carrying out a great job.

  17. My husband and i have been so thrilled Edward could complete his survey from your precious recommendations he obtained out of your blog. It’s not at all simplistic just to find yourself offering guidelines other folks might have been selling. We really recognize we’ve got the website owner to thank for this. The specific illustrations you made, the simple blog menu, the friendships you assist to create – it’s everything terrific, and it’s facilitating our son in addition to the family feel that the content is amusing, which is unbelievably serious. Thank you for everything!

  18. I definitely wanted to send a word to be able to express gratitude to you for some of the lovely ways you are posting here. My time-consuming internet investigation has at the end been honored with excellent information to share with my good friends. I would say that most of us site visitors actually are very fortunate to dwell in a wonderful website with very many brilliant people with insightful advice. I feel really happy to have seen the webpage and look forward to really more brilliant minutes reading here. Thank you again for everything.

  19. I simply wanted to say thanks once again. I’m not certain the things I would’ve undertaken without the entire creative ideas documented by you concerning such a concern. It absolutely was a daunting dilemma for me personally, however , noticing your expert technique you dealt with it took me to weep for fulfillment. I will be thankful for your work and then wish you realize what a powerful job that you are undertaking instructing men and women with the aid of your web blog. I am certain you’ve never encountered all of us.

  20. My husband and i got now thankful that Raymond could conclude his preliminary research from the ideas he discovered out of your web site. It is now and again perplexing to simply always be releasing steps that many some other people have been trying to sell. So we do understand we have got the blog owner to thank because of that. The most important explanations you have made, the easy blog navigation, the relationships you can make it possible to instill – it’s most spectacular, and it’s really helping our son and us reckon that that topic is awesome, and that is incredibly vital. Thanks for the whole lot!

  21. I in addition to my guys appeared to be taking note of the nice solutions from the blog and suddenly I got a terrible suspicion I had not expressed respect to the website owner for those secrets. All the guys appeared to be for this reason passionate to read them and now have in actuality been enjoying them. Appreciation for actually being simply helpful and then for settling on certain ideal areas most people are really eager to understand about. Our own sincere regret for not saying thanks to sooner.

Write A Comment