The direct bank transfer service enables Mashreq Bank customers to perform Pak Rupee remittances to any bank account in Pakistan within a short span of time as opposed to the regular remittance transfer in the market which could take up to 2 days. Customers of Mashreq Bank can avail QuickRemit services to Pakistan using its award winning mobile application SNAPP, available 24/7 with zero remittance charges, and through Mashreq Online at www.mashreq.com. Customers can send money to their respective beneficiaries with the benefit of "instant credit", appropriately named QuickRemit.
At the launch of the service, Rohit Garg, Head of Business Banking, Mortgages, Deposits and Remittances, Mashreq, stated: "At Mashreq, we try to maximise customer convenience with the use of technology and we are pleased to launch a service that is designed to be instantaneous and beneficial to both the sender and the receiver." He added "Our endeavour is to provide our customers with simple solutions to remit money, to various countries at competitive rates."
Commenting on this partnership, Bilal Asghar, Head Corporate & Investment Banking, Faysal Bank Limited, said: "We are pleased to be the sole partner for Mashreq Bank's direct remit to Pakistan. This collaboration demonstrates FBL's robust IT system and our mutual desire to meet customer expectations. We will continue to work with our FI partners and the Pakistan Remittance Initiative (PRI) team to further expand coverage in GCC and EU markets offering Non-Resident Pakistanis secure and swift way to send money to their loved ones."-PR
Copyright Business Recorder, 2017