MCB joins hands with Al Far­dan

Enterprise - - News -

Pak­istan’s MCB Bank has signed an agree­ment with the UAE-based Al Far­dan Ex­change to start a new re­mit­tance ser­vice be­tween Pak­istan and the United Arab Emi­rates. The ser­vice fur­ther strength­ens re­mit­tance chan­nels to Pak­istan.

Al Far­dan Ex­change has been in busi­ness for over 38 years. It will of­fer its re­mit­tance fa­cil­i­ties to MCB through money trans­fer ser­vices across its 40-branch net­work in the UAE. The ar­range­ment will help Pak­istani ex­pa­tri­ates re­mit money through Al Far­dan Ex­change with­out spend­ing any money. It will un­der­take di­verse ser­vices in­clud­ing Tele­graphic Trans­fers from UAE and MCB, de­liv­er­ing pay­ments di­rectly into ac­counts, as well as in­stant cash Pay­ment.

Talk­ing about the fa­cil­ity, MCB Pres­i­dent M.U.A. Us­mani said, “This agree­ment is part of our strat­egy to of­fer a broad span of lat­est fi­nan­cial ser­vices to our cus­tomers. We have full con­fi­dence in Al Far­dan’s ex­pe­ri­ence and tech­ni­cal ser­vices qual­ity. It will fur­ther strengthen MCB as it moves for­ward to af­firm its lead­ing po­si­tion in Pak­istan’s bank­ing sec­tor.”

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.