STATEMENT: ACE Money Transfer and Faysal Bank ready to boost legal remittances to Pakistan

MANCHESTER, England, Sept.

STATEMENT: ACE Money Transfer and Faysal Bank ready to boost legal remittances to Pakistan

MANCHESTER, England, Sept. 8, 2023 /PRNewswire/ -- ACE Money Transfer, a leading global money transfer company based in Manchester, United Kingdom, partners with a growing Islamic banking network in Pakistan, Faysal Bank Limited (FBL ), to offer seamless remittance service to Pakistani expatriates living abroad. Legendary cricket sensation Shoaib Akhtar has joined the mission as an ambassador for the cause and is at the forefront of promoting the use of regulated remittance channels.

Shoaib Akhtar, encouraging overseas Pakistanis to use regulated channels, commented: "Every penny sent by Pakistanis living abroad can make a big difference in the current economic desperation. Now more than ever Pakistan needs remittances sent to through legal channels."

Pakistanis across the UK, Europe, Canada, Australia and Switzerland can now send money to Pakistan at over 700 Faysal Bank Islamic branches for free and at competitive exchange rates. The partnership enables convenient, secure and instant transactions that are processed in seconds, even on weekends and holidays.

“We are excited to collaborate with one of Pakistan's leading Islamic banks, Faysal Bank, to offer seamless remittance service to Pakistani expatriates living across the world,” said Rashid Ashraf, CEO of ACE Money Transfer. "The current strategic partnership with Faysal Bank is an important step in our commitment to making cross-border payments secure, fast, easy and affordable for customers."

On this occasion, CIBG Faysal Bank Limited Group Director Ali Waqar said, "We are delighted with this partnership with ACE Money Transfer. This partnership will facilitate Pakistani expatriates living in the UK, Europe, Canada, Australia and Switzerland send remittances to your loved ones in Pakistan through more than 700 Islamic branches in more than 250 cities across Pakistan. This collaboration will increase the inflow of remittances to Pakistan, making cross-border transactions safer, faster and more convenient for our customers ".

For more information, visit www.acemoneytransfer.com

About ACE Money Transfer

ACE Money Transfer, based in Manchester, UK, is a growing remittance provider. It offers flawless online money transfer services to millions of expatriates with an extensive network of more than 375,000 locations spread across more than 100 countries worldwide.

Acerca de Faisal Bank

FBL was incorporated in Pakistan on October 3, 1994 as a public limited company and its shares are listed on the Pakistan Stock Exchange. FBL offers a wide range of modern Shariah compliant banking services to all customer segments i.e. retail, small and medium enterprises, commercial, agricultural and corporate.

Media Contact:

Sameer.suleman@acemoneytransfer.com 44 161 3936 999

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