ACE Money Transfer & Bank Alfalah to advance Cross Border Payments

ACE Money Transfer, a leading cross-border remittance provider, today advanced its services and partnership with Bank Alfalah by launching a mega incentive campaign for its customers sending remittances to Pakistan and which are paid by Bank Alfalah. Customers stand to win various prizes, including high-end laptops, smartwatches, motorbikes, gift vouchers and a grand bumper prize of brand new 1.8L Honda Civic car.

ACE Money Transfer advances Cross Border Payments through partnership with Bank Alfalah Limited, Pakistan

The two organizations have also enhanced their collaboration whereby ACE Money Transfer customers may now also pay their utility bills in Pakistan, a service also powered by Bank Alfalah for all 1Link member utility bill companies. The two organizations are also under discussion for establishing inward remittance arrangement from Europe to Bangladesh.

“By launching this incentive campaign with Bank Alfalah, one of Pakistan’s most trusted and technologically advanced Bank, we look forward to giving back to our customers who trust our services with their hard-earned money,” said Rashid Ashraf, CEO of ACE Money Transfer. He also stated, “By working with them we have significantly expanded the scope of our services including instant account deposit service to all bank accounts in Pakistan, utility bill payment services, and of course cash payouts at their extensive branch network across the country”.

“Bank Alfalah is always striving towards exceeding the expectations and needs of our overseas partners – currently comprising of leading Fintechs, Money Transfer Operators, Banks, etc. – and we are always working to improve our service levels and offerings,” said Bilal Asghar, Bank Alfalah’s Group Head for Corporate, Investment Banking & International Business Division. “Our alliance with ACE Money Transfer allows us to serve even more overseas Pakistanis and their families in Pakistan, while furthering the aim of the State Bank of Pakistan for driving remittances through legal banking channels” added Mr. Bilal.

Read more: USD to PKR: Dollar rate in Pakistan [29 October 2020].

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