STATEMENT: ACE Money Transfer and HABIBMETRO partner to promote legal remittance channels

(Information sent by the signatory company).

STATEMENT: ACE Money Transfer and HABIBMETRO partner to promote legal remittance channels

(Information sent by the signatory company)

MANCHESTER, England, Jan. 17, 2024 /PRNewswire/ -- ACE Money Transfer, a leading global money transfer company, and HABIBMETRO, one of Pakistan's leading banks, have joined forces to promote the use of legal channels to boost remittance flows to Pakistan.

Informal channels like hawala/hundi (street market) cause Pakistan to lose significant foreign funds every year as more overseas Pakistanis send money home through unregulated methods. ACE Money Transfer and HABIBMETRO have stepped up to support the Pakistani government's key initiatives to curb the black market, including but not limited to the recent nationwide crackdown on illegal money remittance routes and improving cash production. the Pakistan Remittance Initiative (PRI).

The campaign, titled 'Rakhain Aapko Befikar', offers foreign Pakistanis free* money transfers to Pakistan from the UK, Europe, Canada and Australia that are convenient, instant and secure. Additionally, until February 15, you also have an exciting opportunity to win one of three new Toyota Grande cars by sending money or transferring funds for over-the-counter pickup and HABIBMETRO accounts through ACE Money Transfer to any of the more than 500 HABIBMETRO branches all over Pakistan. (Terms and conditions apply.)

* Transactions over $100 have no cost.

“We are delighted to partner with HABIBMETRO to launch this exciting campaign,” said Aftab Ashraf, Chairman, ACE Group of Companies. "Overseas Pakistanis play a vital role in Pakistan's economy and we want to encourage them to use legal channels to send money home. This campaign will not only reward them for doing so but will also help increase Pakistan's foreign exchange reserves and support economic growth."

Khurram Shahzad Khan, President and CEO of HABIBMETRO, added: "HABIBMETRO is committed to offering customers convenient and secure ways to send and receive money. We believe our partnership with ACE Money Transfer will make it easier for overseas Pakistanis to send money. home through legal channels and we are confident that the campaign will be a success.

About ACE Money Transfer

ACE Money Transfer, based in Manchester, UK, is an experienced remittance provider with a 20-year history of offering impeccable money transfer service to Pakistani expats. With an extensive network of over 375,000 locations spread across over 100 countries worldwide, it will surpass £1 billion in global remittances by 2023.

Acerca de HABIBMETRO

HABIBMETRO is a subsidiary of Habib Bank AG Zurich, which operates in 11 countries on four continents. As a trusted banking institution in Pakistan, HABIBMETRO serves millions of customers through a nationwide network of over 500 branches in over 200 cities.

For more information visit: https://acemoneytransfer.com/Pakistan/Send-Money-to-Pakistan

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