KARACHI: Faysal Bank Limited (FBL), a leading name in Pakistan’s banking industry, announced a partnership with Sentbe, a South Korea based fintech money transfer service, for the remittance and real-time payment service.

Among approximately 10,000 Pakistanis residing in South Korea, over 50 percent are using Sentbe service, with Sentbe being an essential application for many migrants making money-transfers to their loved ones in their countries of origin. The collaboration between Sentbe and FBL has been established with the shared vision for faster and safer payment and remittance services.

FBL Head Corporate and Investment Banking, Ali Waqar said: “In line with our vision for excellence in all that we do, we are delighted to join Sentbe and access the fast-growing network that connects its members and other financial institutions.”

“This partnership is significant in that it is South Korea’s first fintech partnership with Pakistan’s leading bank, FBL, under the joint goal of enhancing the client service with innovation,” added Alex Choi, CEO of Sentbe.