Transfast, Habib Bank Team up for Facilitating Remittances to Pakistan

Published June 29th, 2020 - 10:30 GMT
Transfast, Habib Bank Team up for Facilitating Remittances to Pakistan
Remittances account for 6 percent of Pakistan’s GDP and the government has offered several incentives to encourage even more cash flow into the country. (Shutterstock)
Highlights
The remittance facility between Transfast and HBL is now available to Pakistani expatriates globally.

Transfast, a cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank in Pakistan, to facilitate expatriates around the globe to send money to Pakistan.

The remittance facility between Transfast and HBL is now available to Pakistani expatriates globally.

“HBL is one of the most esteemed financial institutions in Pakistan and it is an honor to partner with them. Transfast is fully committed to offer competitive pricing, fast transfer of funds and personalized customer engagement,” said Samir Vidhate, SVP and MD, Transfast. “Through this partnership we will provide our Pakistani customer base with more convenient and accessible ways to collect money from any branch of HBL in Pakistan and to send money to any bank account in the country.”

Faisal Noor Lalani, head of international banking, HBL, said: “I would like to take this opportunity to thank Mr. Vidhate for coming to Pakistan. I look forward to giving full support to the entire teams of both the institutions in my capacity, to make our partnership fruitful. This is a proud moment for HBL as this new arrangement will be beneficial to all the customers who look to make fast international money transfers to HBL Pakistan.”

Remittances account for 6 percent of Pakistan’s GDP and the government has offered several incentives to encourage even more cash flow into the country.


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