WorldRemit and Xpress Money launch instant money transfers to Pakistan
Money transfer firms WorldRemit and Xpress Money have partnered to unveil a remittance service to Pakistan.
Through Xpress Money’s agent partner network, WorldRemit customers will be able to make instant money transfers to be collected at over 9,500 cash pick-up locations all over the country – including major banks, Al Habib Bank, Bank Alfalah, Bank of Khyber, Dubai Islamic Bank Pakistan, FINCA Microfinance Bank, JS Bank, Meezan Bank, Punjab Provincial Co-operative Bank, Silk Bank, Sindh Bank Limited, Soneri Bank Limited, The Bank of Punjab, and Zarai Taraqiati Bank.
Ismail Ahmed, founder and CEO at WorldRemit, says the partnership will extend its “footprint into new territories”.
With the WorldRemit app or website, customers send more than 500,000 transfers every month to more than 125 destinations. WorldRemit, says it is known as the “WhatsApp of money”, and “makes sending a remittance as easy as sending an instant message”.
Xpress Money is present in 160 countries through 180,000 cash payout locations across the globe. It has regional offices in 25 countries including the UK, US, Canada, Australia and India.
According to the World Bank, Pakistan received almost $20 billion in remittances in 2015.
