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Business & Finance

Bank Alfalah, TerraPay partners to offer remittance payment service in Pakistan

  • Through this partnership, overseas Pakistanis will be able to use TerraPay’s partners’ network to instantly deposit money to any bank account in Pakistan.
06 Aug 2020

TerraPay, a global payments infrastructure company, and Bank Alfalah have announced a partnership for offering remittance payment services in Pakistan.

Through this partnership, overseas Pakistanis will be able to use TerraPay’s partners’ network to instantly deposit money to any bank account in Pakistan.

Speaking on the launch of the partnership, Bilal Asghar, Bank Alfalah’s Group Head for Corporate, Investment Banking & International Business Group, stated, “It gives us immense pleasure to partner with TerraPay, another institution co-sponsored by IFC, to enhance our global coverage and make international remittances more convenient for [all] bank account holders and unbanked customers in Pakistan”.

“We are committed to our vision of enhancing financial inclusion by connecting diverse payment systems. Pakistan is one of the most important remittance corridors in the world and we are very excited to partner with Bank Al Falah and help overseas Pakistani diaspora send money back home through our real-time, secure, and reliable payment infrastructure” said Ambar Sur, Founder, and CEO of TerraPay.