ACE Money Transfer and Bank AL Habib partner to provide money transfers to Pakistan
By Leandra Monteiro
ACE Money Transfer, a UK-based international remittance service provider, and Bank AL Habib, one of the largest banking networks across Pakistan, in line with Pakistan Remittance Initiative’s (PRI) vision, have ramped efforts to promote legal channels of remittances by offering free, easy, faster, and secure transfers.
Rashid Ashraf, CEO of ACE Money Transfer, said, “Expats sending remittances consider many factors, but transfer cost, exchange rates, speed, and security are a few primary concerns. With Bank AL Habib’s vast network and our state-of-the-art technology, we can address them all and offer an experience our customers love.”
Aun Ali, Group Head – Business of Bank AL Habib, commented, “This affiliation will help both organisations serve Pakistani expatriates for instant and secure transactions. Bank AL Habib keeps playing a vital role in routing remittances through official channels and in providing our services in collaboration with ACE Money Transfer.”
An awareness campaign, including 950 buses, 100 roadside posters and 25 underground stations across the UK, is ongoing, educating expats on the kerb market’s downsides that lead to risky and undocumented transfers.
ACE Money Transfer, based out of Manchester, UK, is a growing remittance provider. It offers impeccable online money transfer services to millions of expatriates with an extensive network of 375,000+ locations spread across 100+ countries worldwide.
IBSi Daily News Analysis
February 23, 2024
ACE Money Transfer
Regulated firms battle surge in financial crime attempts, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage