Yet another good initiative launched for Pakistani diaspora across the World
ISLAMABAD - Yet another good initiative launched for Pakistani diaspora across the World.
WorldRemit and National bank of Pakistan have launched safe, fast and low-cost international transfers to 1,500+ NBP cash pickup locations and designated branches of Pakistan Post Office.
The Pakistani diaspora living in over 50 countries, including the USA, UK, Canada and Australia, can now send money to NBP cash pickup locations using their smartphones. WorldRemit is also offering its customers zero fees on transfers (terms and conditions apply) to Pakistan.
WorldRemit is a global leader in online money transfers. It saves customers’ time and money as they do not have to pay expensive fees to a money transfer agent in order to send money home. Over 90pc of the company’s transfers are authorized within 10 minutes.
NBP, a government-owned bank, is committed to extending access to financial services to all income groups. The bank is also on the frontline in the State bank of Pakistan’s National Financial Inclusion Strategy, promoting financial inclusion of the unbanked.
NBP President Arif Usmani stated, “Remittances play a vital role in the economy of Pakistan. It is the single largest source of foreign exchange for the country. The government is specially focused on home remittances as well as on issues being faced by overseas Pakistanis. In line with the government’s vision, we at National Bank of Pakistan are also playing a role in facilitating the overseas Pakistani’s across the globe in contributing towards the development of the country. We take the remittance business as our national duty.”
He said NBP has the most penetrative branch network in Pakistan and owing to the recent collaboration with Pakistan Post, the bank would soon have the largest network for remittance payments in the country.