Legal, digital remittance channels into Pakistan: ACE Money Transfer partners with Askari Bank for expansion

ISLAMABAD: ACE Money Transfer, one of the leading global remittance service providers, has entered into a strategic partnership with Askari Bank to expand and strengthen legal and digital remittance channels into Pakistan.

The collaboration was formalised through a signing ceremony held here on Thursday, attended by senior leadership from both financial institutions. This partnership further strengthens ACE Money Transfer’s payout network in Pakistan, expanding access and enhancing convenience for customers receiving international remittances.

Overseas Pakistanis living in the UK, Europe, Australia, Canada, and other key corridors will benefit from expanded payout coverage and seamless remittance services when sending money to their families and loved ones in Pakistan through formal banking channels.

Through this collaboration with Askari Bank, ACE Money Transfer continues to broaden its network of trusted payout partners, providing beneficiaries with greater flexibility and access across Askari Bank’s nationwide banking infrastructure.

The partnership reflects the shared commitment of both organisations to strengthening regulated remittance flows and supporting Pakistan’s continued progress toward a digitally enabled financial ecosystem.

Speaking on the occasion, Hasan Mubarak, Group Unit Head at ACE Money Transfer, said that ACE Money Transfer remains focused on continuously strengthening our global payout ecosystem to better serve overseas Pakistanis and their families.

He said that his company’s collaboration with Askari Bank reflects a shared commitment to delivering trusted and accessible remittance solutions while reinforcing the use of formal financial channels.

Partnerships like these are central to ACE Money Transfer’s vision of connecting communities through secure and seamless cross-border financial services.

Muzammil Hanif, Head of Home Remittance and RDA at Askari Bank, sharing his perspective on the partnership, stated: “At Askari Bank, our commitment is anchored in strengthening Pakistan’s financial connectivity through secure, efficient, and future-ready remittance solutions. Our partnership with ACE Money Transfer represents a significant step forward in expanding our home remittance capabilities and deepening our engagement with overseas Pakistanis across key global corridors.”

He said that the collaboration reinforces our strategic focus on digital financial services and underscores our resolve to ensure that remittances reach beneficiaries through transparent, regulated, and trusted banking channels—contributing meaningfully to financial inclusion and economic resilience.

This strategic partnership reinforces the mutual commitment of ACE Money Transfer and Askari Bank to deliver innovative, compliant, and customer-centric remittance solutions while contributing to Pakistan’s economic stability by encouraging the use of formal and digital financial channels.

Copyright Business Recorder, 2026