Financial institution Alfalah and SendSpend Crew Up to Allow True-Time Income Transfer from the Uk to Pakistan, Driving Economical Inclusion.

Financial institution Alfalah and SendSpend Crew Up to Allow True-Time Income Transfer from the Uk to Pakistan, Driving Economical Inclusion.



Financial institution Alfalah, one particular of the major business banking institutions in Pakistan, has partnered with London-primarily based fintech organization SendSpend to start a condition-of-the-art intercontinental remittance service.

The cloud-centered assistance enables money transfers to be designed from the United kingdom to Pakistan by cell phones, providing people today and companies with a extra practical way to mail and receive revenue internationally.

The company equips consumers of 17 distinctive cellular wallets in Pakistan to acquire money internationally and use Bank Alfalah’s about 900 ATMs to funds out. The funds can also be transferred specifically into bank accounts in any bank.

Atif Bajwa, President and CEO of Financial institution Alfalah, mentioned: “We are pleased to lover with SendSpend to supply customised answers for non-resident Pakistanis in the United kingdom to send out stress-no cost remittances to their beloved kinds in Pakistan. This innovative assistance empowers prospects by placing fiscal management straight in their palms.”

Tracy Andersson, Joint CEO of SendSpend, commented on the partnership: “We are very pleased to be joining palms with Bank Alfalah on this mission in the direction of bigger economical inclusion and empowerment across the country. We glance forward to bettering numerous lives together with Lender Alfalah.”

SendSpend’s Joint CEO, Graham Davies, included: “We make sending and spending dollars pressure-absolutely free for both of those sender and receiver. By furnishing a dollars remittance company from the palm of their hand, our buyers are in handle all the way.”

Pakistan is home to just one of the largest populations in the planet, with a big range of citizens dwelling and doing the job outdoors the state and sending cash again to their family members. The Uk is 1 of the top rated a few nations around the world contributing to Pakistan’s economic climate by means of remittances.

This partnership involving Bank Alfalah and SendSpend is set to offer a new, handy resolution to seize a huge section of culture that employs actual physical income exchanges and to support modify the way individuals mail and obtain dollars.

SendSpend is a London-primarily based fintech firm and registered Digital Income Establishment (EMI) in the British isles, holding a license from the Economic Perform Authority (FCA). The business encourages financial inclusion via its cellular-only, interoperable Different Payment Method.

Financial institution Alfalah is a foremost business lender in Pakistan, with an international presence in the UAE, Bangladesh, Bahrain, and Afghanistan. The financial institution delivers a wide range of products and solutions, which includes corporate and expense banking, client banking, securities brokerage, industrial, modest and medium company, agricultural, Islamic, and asset financing.

Lender Alfalah released its electronic banking group in 2018, with its Alfa app, a innovative application that combines a vary of services and characteristics. In 2022, the bank was awarded most effective ‘Digital Bank’ and ‘Housing Finance’ across Pakistan, highlighting its dedication to shoppers.


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