Soneri Bank part­ners with Xpress Money to ex­pand re­mit­tance ser­vices

The Pak Banker - - FRONT PAGE -

KARACHI: Soneri Bank Lim­ited has part­nered with Xpress Money a global leader in in­ter­na­tional trans­fer and pay­ment ser­vices, un­der the um­brella of Soneri Mehnat Wa­sool Re­mit­tance, to pro­vide money trans­fer ser­vices.

This new col­lab­o­ra­tion al­lows Pak­istani ex­pa­tri­ates from all over the world to send money to their fam­i­lies and friends from over 150 coun­tries across 170,000 agent lo­ca­tions of Xpress Money world­wide. Cus­tomers can also pick-up cash in­stantly through Soneri Mehnat Wa­sool Re­mit­tance with­out the need for a bank ac­count. The amount re­mit­ted from abroad is paid in Pak­istani Ru­pee (PKR) and can be col­lected at more than 265 Soneri Bank branches in 127 cities across Pak­istan.

Soneri Bank's SEVP and Group Head, Shahid Ab­dul­lah, said, "We be­lieve that part­ner­ing with Xpress Money will play a piv­otal role in boost­ing re­mit­tance in­flows to Pak­istan glob­ally. 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. Mr. Rizwan Ali Ham­dani, Coun­try Man­ager, Pak­istan, Xpress Money, said, "This col­lab­o­ra­tion with Soneri Bank will give us an op­por­tu­nity to lev­er­age our ser­vices through their wide net­work. With Pak­istan be­ing an im­por­tant mar­ket and re­mit­tance in­flows ex­pected to grow ex­po­nen­tially, it is im­per­a­tive that we strate­gi­cally ex­pand our pres­ence in this mar­ket."

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