Doha Bank ties up with HBL for instant remittance to Pakistan
Remittances to HBL accounts will be instant and to any other bank within Pakistan in 60 minutes
TO demonstrate its commitment to adopting new technologies aimed at providing its customers with convenient and cost-effective services, Doha Bank has forged a partnership with Pakistan’s Habib Bank Limited (HBL) to offer on-the-go remittance solutions to Pakistani expatriates residing in Qatar.
To promote digital remittance amongst its customers, Doha
Bank’s collaboration with HBL will give its Pakistani customers access to remit money to Pakistan whenever and wherever they want by registering for international money transfer via Doha Bank’s mobile app and online banking portal.
The new online service will enable Doha Bank customers to transfer money to Pakistan where the beneficiary can collect cash from 1700+ HBL branches across Pakistan. The customers can transfer money instantly to their
HBL accounts and to their other Pakistani bank accounts usually within one hour, through HBL’s interbank funds transfer (IBFT) facility in Pakistan.
Under the Pakistan Remittance Initiative (PRI), Doha Bank’s Pakistani customers will enjoy free-of-charge service on remittances valued over $100 to Pakistan. For remittances below $100 or multiple same-day remittances, charges will apply as per PRI conditions.
The partnership with HBL is set to benefit the Pakistani community in Qatar by providing them with the right products and services, to help them meet their banking needs in Pakistan and remit money to their home country, in a quick and convenient way.
Doha Bank Group CEO R Seetharaman said, “We are very pleased to be partners with HBL that is committed to providing a reliable and compliant process that complements our competitive strength. HBL is an excellent partner to work with on developing and expanding our cross-border remittance services.”
“Doha Bank is committed to bringing forth the latest technologies to create a simple, convenient and cost-effective banking experience for our customers,” Seetharaman said.
Doha Bank offers a secure, fast and easy way of sending money via Doha Bank Mobile App and online banking portal to over 200 countries and direct online remittances to India, Sri Lanka, Lebanon, Philippines, Nepal and Pakistan in a cost-effective manner.