ACE Money Transfer, a leading international remittance service provider in the UK, has partnered with Allied Bank, one of Pakistan’s largest commercial banking networks, to provide secure and faster remittance transfers for Pakistan. Is Pakistan ranks fifth in the global ranking of the highest remittance recipients from low- to middle-income countries, touching a record remittance level of $31.2 billion in fiscal year 2022? These remittances are prominent in playing a key role in Pakistan’s gross national income with a share of 8.69%. Millions of families in Pakistan are running on remittances sent by people living abroad. Foreign remittances are a lifeline for many families and are a significant addition to the country’s foreign reserves, which contribute to the country’s economic stability. There is also an assistant for Due to the recent decrease in remittances there is a wave of concern in Pakistan.
Under the vision of Pakistan Remittance Initiative (PRI), to tackle this alarming situation, ACE Money Transfer and Allied Bank have partnered to give away 61 Samsung Galaxy S22 Ultras to their customers. This offer can be availed only by customers who are sending remittances from Canada, UK, Europe, Australia and Switzerland through ACE Money Transfer to any branch of Allied Bank in Pakistan till 31 December 2022. Daily lucky winners of this exciting campaign will be selected through weekly draws.
Rashid Ashraf, CEO of ACE Money Transfer, said about the remittances sent by Pakistanis living abroad that these remittances are an unprecedented contribution to Pakistan’s economic stability. He further explained how ACE Money Transfer has always provided top-notch easy, fast, secure and economical solutions for regulating remittances in Pakistan. Our partnership with Allied Bank will increase remittance revenue through regulated channels. will lead to, and announcing exciting rewards for our customers is our humble effort to acknowledge their efforts.”
Chief Executive Officer Azad Razzaq Gul in his address termed workers’ remittances as a source of foreign income for Pakistan, he acknowledged the long persistence of the remitters, adding that Allied Bank legal sources. has been a supporter of State Bank of Pakistan’s vision of increasing remittance inflows. Allied Bank’s strategic collaboration with ACE Money Transfer reflects its commitment to promote reliable and affordable funds transfer through regulated networks.’ ‘
Introduction to ACE Money Transfer
ACE Money Transfer (registered as ‘Aftab Currency Exchange Limited’) is a Manchester, UK based remittance services company with an extensive global customer network. It offers the best online money transfer services to millions of overseas customers through the best operational network to over 375,000 remote locations worldwide.
Account of Allied Bank
Allied Bank is one of the leading commercial banking networks in Pakistan. They have more than 75 years of customer service experience. With an extensive network of over 1425 online branches and over 1500 ATMs across the country, Allied Bank is successfully providing value added solutions to its customers, while the bank has a dynamic approach towards automated operations and digital transformation.
