Home »Money and Banking » Pakistan » MCB signs agreement with Bank Al Jazira (Fawri) for remittances
MCB Bank, one of Pakistan's largest & most innovative banks, has entered into an agreement with leading Saudi financial institution Bank Al Jazira (Fawri) for the facilitation of remittances to beneficiaries in Pakistan. Through the strategic partnership, MCB Bank will further facilitate overseas Pakistanis in Saudia Arabia to transfer remittances to Pakistan which can be received through more than 1,350 MCB Bank branches nationwide.

The agreement was signed by Sami Hamad AlRajhi, Head of Banking Services Group at Fawri, Bank Al Jazira and Muhammad Naeem Saigol, Division Head - TBD, MCB Bank, in the presence of Hassan Saleem, Fawri MTO Manager & Business Projects at Bank Al Jazira and Ziad Aftab Ejaz, Department Head - Home Remittances.

Speaking about the agreement, Sami Hamad AlRajhi Head of Banking Services Group at Fawri, Bank Al Jazira said, "Fawri is one of the fastest growing money transfer services in Saudi Arabia, with Pakistan being one of our largest remittance recipient corridors. Fawri is very excited to enter into an arrangement with MCB Bank Pakistan and together both organizations will work together to make the remittance process streamlined at both the sender's and receiver's end."

Speaking about the agreement, Muhammad Naeem Saigol, Division Head - TBD, MCB Bank said, "MCB Bank is renowned for its customer centric approach and makes every possible effort to exceed customer expectations through superior services and solutions. This new partnership with Bank Al Jazira, through their dedicated remittances division Fawri, will allow us to further diversify and expand our remittance services to the Pakistani community in the Middle East. This further strengthens MCB's commitment towards inclusive banking and channeling of remittances though the formal banking network."-PR

Copyright Business Recorder, 2019


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