MoneyGram, BankAlfalah sign contract to send money to any bank account in Pakistan

ISLAMABAD: MoneyGram and BankAlfalah signed an agreement to create a new bank deposit, which will allow customers to send money to any bank account in Pakistan.

A statement on Saturday said that the contract was signed between the Alex Holmes Chairman & CEO of MoneyGram, and Bilal Asghar CEO of BankAlfalah in London to create a new bank deposit and this will allow customers to send money to any bank account in Pakistan.

The ceremony was presided over by Sahibzada Jahangir, Spokesperson of Prime Minister on Trade & Investment for UK & Europe.

While addressing the media, he said “Pakistan is a key market that is positioned for growth especially in terms of receiving remittances.”

He said in line with Prime Minister Imran Khan policies to eliminate money laundering and ease the facilitate the overseas Pakistanis in remitting their hard earned remittances back to Pakistan this new arrangement between MoneyGram & BankAlfalah will provide customised solutions that best serve their needs. The ceremony was attended by senior bankers.

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