Advertisement
Categories: BusinessNews

easypaisa Partners with Bank Alfalah for International Remittances

Advertisement

Bank Alfalah, one of the largest commercial banks in Pakistan has partnered with easypaisa, Pakistan’s leading digital financial services platform, to enable customers to conveniently collect international remittances into their mobile wallets.

This collaboration aims to simplify international remittance processes and provide ease and convenience to millions of customers. Users will now be able to seamlessly collect international remittances in their mobile wallets through over the counter (OTC)-to-wallet conversion.

Customers can also utilize their funds in a wide range of financial services, including Inter-Bank Fund Transfer (IBFT), savings, mobile top-ups, and various other use cases available on the easypaisa App. This innovative solution will also enable customers, who send remittances through Bank Alfalah’s sending partners, to receive funds directly into their easypaisa accounts, 24/7.

Commenting on the partnership, Kashif Ahmed, Acting CEO, Telenor Microfinance Bank & easypaisa said, “We are excited to partner with Bank Alfalah Limited to enhance our international remittance services. This collaboration is aligned with our commitment to providing millions of Pakistanis with convenient and accessible digital financial solutions. By enabling customers to collect international remittances in their easypaisa wallets, we aim to empower them with greater control over their funds and revolutionize their overall banking experience.”

Farooq A Khan, Group Head Corporate, Investment and International Business Group, Bank Alfalah, said, “This strategic partnership aims to provide innovative solutions that cater to the evolving needs of our customers. By leveraging the extensive reach of the easypaisa platform’s user base, we aim to make international remittances more accessible and convenient while ensuring the highest level of security and reliability.”

Both easypaisa and Bank Alfalah are proud to support the Pakistan Remittance Initiative (PRI) in promoting legal and hassle-free channels for overseas Pakistanis to send money back home. International remittances play an important role in the overall economic stability of the country and the positive impact they create in improving the lives of millions of families.

Advertisement
Mazhar Ali Raza

Mazhar Ali Raza is a senior journalist from Karachi. He has served more than twenty years in journalism. He was recently associated with the dunya media group as a senior business reporter from the last eleven years . Prior to that he has worked for CNBC for the period of four years. His major beats were the energy auto banking and agriculture sector . He has covered many seminars and exhibitions in Pakistan and abroad as well .

Recent Posts

Pakistan Enters Top 100 of Global Passport Index, Eyes Further Gains with Digital Upgrades

Pakistan’s passport has made a notable leap in global mobility rankings, entering the top 100…

15 hours ago

International Survey Reveals Pakistanis Support Actions to Address Climate Change

An international survey conducted across 17 total countries, including Pakistan, was commissioned by the Global…

15 hours ago

Pakistan’s first AI data center launched

Data Vault Pakistan has officially launched the country’s first AI-focused data center in Karachi, a…

15 hours ago

Trade Development Authority of Pakistan to Represent Country at Ambiente Frankfurt 2026

Ambiente Frankfurt 2026, the world’s leading international trade fair for consumer goods, is set to…

15 hours ago

LuckyOne Mall Launches SIMT: A Career Counseling Initiative Honoring Pakistan’s Unsung Heroes

In a powerful demonstration of purpose-driven leadership, LuckyOne Mall—one of Pakistan’s premier lifestyle destinations—has unveiled…

15 hours ago

Over 7 million streaming accounts’ credentials were leaked in 2024: Kaspersky Report

In a new report, Kaspersky identified over 7 million compromised accounts belonging to streaming services…

15 hours ago