Customers Can Send to 99% of Bank Accounts in Pakistan

Abu Dhabi, United Arab Emirates - Friday, May 22nd 2015 [ME NewsWire]

Transfast, a leading provider of cross-border payments solutions, today launched mobile and online money transfer to nine banks in Pakistan. From the convenience of a mobile device or desktop, customers can easily send transfers to recipients’ accounts at all major banks in Pakistan, delivered within minutes.

The launch will be celebrated at a luncheon, with representatives of nine leading banks and Pakistan’s Ambassador H.E. Asif Durrani.

Transfast’s nine partner banks in Pakistan include: Allied Bank Limited; Askari Bank; Bank of Punjab; Habib Bank Ltd.; Meezan Bank; Muslim Commercial Bank; National Bank of Pakistan; Tameer Bank; and United Bank Limited.

Transfast’ multichannel capabilities will enable customers in the U.S. and Canada to send money to Pakistan via their mobile device or online, or in person around the world. Funds will be available instantly, 24/7, 365 days a year, including bank holidays.

“Transfast’s extensive bank partnerships enable customers to send instant transfers to 99 percent of banked customers in Pakistan,” says Bob Blower, Transfast’s Director of Network Development.

According to the World Bank, Pakistan attracted about $17 billion in remittances in 2014, making it the seventh-largest remittance market in the world.  The World Bank also notes that remittances provide cover for substantial parts of the import bill for Pakistan, making it a vital part of the nation’s economy. In Pakistan, 13 percent of the population has a bank account, according to the World Bank.

To send money online to Pakistan or for more information, simply log on to www.transfast.com or download Transfast’s app for iOS mobile devices for free.

About Transfast

Transfast, a leading provider of cross-border payments solutions to consumers and businesses globally, operates a proprietary network of over 200,000 payment points across more than 100 countries in the Americas, Asia, Europe, and Africa. For more information visit www.transfast.com.

Photo Captions:

Photo 1: (L-R)

His Excellency Asif Durrani, Ambassador of Pakistan to the UAE, Embassy of Pakistan, Abu Dhabi, Mr. Roshan Polepalli, Vice President of Ecommerce, Transfast, and Mr. Bob Blower, Director of Network Development, Transfast, at the launch of Transfast’s Instant Bank Deposit solutions to Pakistan.

Contacts

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Tasneem Raza, +971- 4- 283-3655

tasneem@watermelonme.com