ACE Money Transfer & HABIBMETRO Partner for Secure Remittances

ACE Money Transfer and HABIBMETRO have forged a strategic partnership to offer secure and legal remittance services for overseas Pakistanis, particularly in the UK, Europe, Canada, and Australia. This collaboration aims to bolster the country’s economy by providing reliable and convenient channels for sending remittances to Pakistan.

As part of the partnership, ACE Money Transfer and HABIBMETRO are offering overseas Pakistanis the opportunity to win one of three brand-new Toyota Grande cars through lucky draws. To qualify, individuals need only transfer money to Pakistan from the UK, Europe, Canada, or Australia using their services until February 15, 2024.

ACE Money Transfer, registered as “Aftab Currency Exchange Limited” and headquartered in Manchester, UK, is a leading fintech provider offering remittance services. With a vast network of over 375,000 locations spanning across 100+ countries worldwide, ACE Money Transfer provides impeccable online money transfer services to millions of expatriates.

HABIBMETRO, a subsidiary of Habib Bank AG Zurich, operates in 11 countries across four continents and is a trusted banking institution in Pakistan. With over 500 branches nationwide, HABIBMETRO serves millions of customers and is committed to advancing digitalization within the country’s banking landscape.

Mr. Aftab Ashraf Gondal, Chairman of ACE Group of Companies, represented ACE Money Transfer at the signing ceremony of the agreement. He emphasized the importance of promoting regulated channels for remittances to curb black market transactions and boost Pakistan’s remittance inflows.

Mr. Khurram Shahzad Khan, President & CEO of HABIBMETRO, echoed these sentiments, highlighting the bank’s dedication to delivering secure and efficient financial services. The partnership with ACE Money Transfer aligns with HABIBMETRO’s commitment to providing overseas customers with a streamlined and regulatory-compliant remittance process.

Hot this week

SECP Issues NBFC License to Alibaba Group Associate Cocotech for BNPL Services

SECP grants a Non Banking Finance Company license to Alibaba Group associate Cocotech Pakistan to launch Buy Now Pay Later services and boost the digital economy.

Mari Energies and xLoop Launch Landmark AI Training and Guaranteed Employment Program

Mari Energies Limited and xLoop launch a fully funded five month digital skills initiative in Karachi offering 100 students from underserved regions guaranteed jobs.

Faysal Bank Launches Pakistans First NFC Mobile Tap and Withdraw ATM Service

Faysal Bank introduces Pakistans first cardless tap and withdraw ATM service using smartphone NFC technology to enhance digital banking security and convenience.

Pakistan RDA Inflows Hit $12.43 Billion as Digital Banking Adoption Surges Among Diaspora

Pakistan’s Roshan Digital Account reaches a cumulative inflow of $12.43 billion in March 2026, driven by seamless digital onboarding and Islamic investment growth.

JazzCash Partners with KP Government for Digital Ehsaas Fuel Support Scheme Disbursements

JazzCash and Mobilink Bank become the exclusive partners for Khyber Pakhtunkhwa’s Ehsaas Fuel Support Scheme to digitize fuel subsidy distributions.

Topics

SECP Issues NBFC License to Alibaba Group Associate Cocotech for BNPL Services

SECP grants a Non Banking Finance Company license to Alibaba Group associate Cocotech Pakistan to launch Buy Now Pay Later services and boost the digital economy.

Mari Energies and xLoop Launch Landmark AI Training and Guaranteed Employment Program

Mari Energies Limited and xLoop launch a fully funded five month digital skills initiative in Karachi offering 100 students from underserved regions guaranteed jobs.

Faysal Bank Launches Pakistans First NFC Mobile Tap and Withdraw ATM Service

Faysal Bank introduces Pakistans first cardless tap and withdraw ATM service using smartphone NFC technology to enhance digital banking security and convenience.

Pakistan RDA Inflows Hit $12.43 Billion as Digital Banking Adoption Surges Among Diaspora

Pakistan’s Roshan Digital Account reaches a cumulative inflow of $12.43 billion in March 2026, driven by seamless digital onboarding and Islamic investment growth.

JazzCash Partners with KP Government for Digital Ehsaas Fuel Support Scheme Disbursements

JazzCash and Mobilink Bank become the exclusive partners for Khyber Pakhtunkhwa’s Ehsaas Fuel Support Scheme to digitize fuel subsidy distributions.

Khud Mukhtar Khatoon and Xenia Partner to Bridge Financial Access Gap for Women in Pakistan

Mobilink Bank and Xenia announce a strategic partnership to provide Shariah-compliant nano finance solutions through the Khud Mukhtar Khatoon initiative.

Japan Classifies Crypto Assets as Financial Tools Under Amended Exchange Act

Japan amends the Financial Instruments and Exchange Act to regulate crypto assets, introducing strict insider trading bans and 10 year prison sentences.

Building Trust in RAAST Merchant Payments

A Better Than Cash Alliance report examines how trust, fraud prevention, liability clariA Better Than Cash Alliance report examines how trust, fraud prevention, liability clarity, and consumer protection will determine the long-term success of Pakistan’s RAAST real-time payment system.ty, and consumer protection will determine the long-term success of Pakistan’s RAAST real-time payment system.
spot_img

Related Articles

Popular Categories

spot_imgspot_img