Soneri Bank Limited, under the umbrella of Soneri Mehnat Wasool Remittance, has partnered with Ria Money Transfer (“Ria”), a global leader in international money transfer and payment services, to provide money transfer services throughout Pakistan.
This new collaboration allows Pakistani expatriates from all over the world to send money to their families and friends through Ria locations worldwide. Soneri Bank customers can either receive money directly to their bank accounts, or beneficiaries can pick-up cash at a Soneri Bank branch. Beneficiaries selecting cash pick-up can receive their funds in as little as 10 minutes through Soneri Mehnat Wasool Remittance. The amount remitted from abroad is paid in Pakistani Rupee (PKR) and can be collected at more than 240 Soneri Bank branches in 106 cities across Pakistan.
Soneri Bank’s SEVP and Group Head, Shahid Abdullah, said,
“We believe that partnering with Ria will play a pivotal role in boosting remittance inflows to Pakistan not only globally, but from the United States, where there is huge potential. It will also help to build up foreign reserves. We believe this collaboration has benefits for both institutions and is aligned with Soneri Bank’s vision, ‘to better serve customers, to help them and the society grow’ and our mission ‘to provide innovative and efficient financial solutions to our customers.”
Ria’s President and CEO, Juan Bianchi also commented,
“Our partnership with Soneri Bank provides more choices for Pakistanis living abroad who wish to send money home, as well as additional points for collecting remittances. Ria’s substantial network, combined with Soneri Bank’s own strategic locations, will also contribute to foreign reserves and economic growth in Pakistan, which is one of the top 10 remittance receiving countries in the world.”
