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Bank Alfalah & SendSpend enable instant money transfer from UK to Pakistan

By Gloria Methri

May 04, 2023

  • Bank Alfalah
  • Cross Border Remittances
  • FinTech
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Bank Alfalah, Pakistan, International Remittances, UK, SendSpend, FinTech, Instant Money Transfers, Cross Border RemittancesBank Alfalah, one of the largest commercial banks in Pakistan, has collaborated with London-based SendSpend, to launch an international remittance service. The cloud-based service allows instant money transfers from the UK to Pakistan, enabling individuals and businesses to send and receive money internationally.

SendSpend is an international remittance service that uses cloud-based technology to make money transfers seamless and convenient with just a few taps.

Through its partnership with SendSpend, Bank Alfalah will equip users with 17 different mobile wallets in Pakistan to receive funds internationally and also use the bank’s 900 ATMs nationwide. Users will also be able to have the funds transferred directly into the bank account of their choice in any bank.

Atif Bajwa, President and CEO of Bank Alfalah, said, ‘We are pleased to partner with SendSpend to offer customised solutions for non-resident Pakistanis in the UK to send hassle-free remittances to their loved ones in Pakistan. This innovative service empowers customers by placing financial control directly in their hands. The partnership marks a significant step towards building an ecosystem of progressive banking, with Bank Alfalah leading the way in providing tailored solutions for its customers’ unique needs.’

“We make sending and spending money stress-free for both sender and receiver,” said Graham Davies, SendSpend’s Joint CEO. “By providing a money remittance service from the palm of their hand, our customers are in control all the way. What’s more, SendSpend customers in the UK can top up their mobile wallet at over 28,000 cash pay-in points, so whether they’re remitting from their bank account or using cash, the process is always quick and simple”.

SendSpend has designed a new and convenient solution to capture a large segment of society that still uses physical money exchanges to meet their remittance needs. With Bank Alfalah’s expertise in the market and SendSpend’s technological innovation, the service is poised to transform the way people send and receive money.

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