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Xpress Money Introduces Remittance Services to Mobile and Bank Accounts in Pakistan

Thursday, 16 February 2012
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ÔÇö Xpress Money, the preferred partner for instant money transfers in the GCC, recently announced the launch of two unique services - ÔÇÿCredit to Mobile AccountÔÇÖ and ÔÇÿCredit to Bank AccountÔÇÖ - for its Pakistani customers residing in Saudi Arabia/Kuwait/Oman.

Xpress Money has tied up with telecom provider Telenor Pakistan for the ÔÇÿDirect to Mobile AccountÔÇÖ service, while its ÔÇÿDirect to Bank AccountÔÇÖ service will be available through 17 leading banks in Pakistan.

Pushpak Damania, who heads Business Development in the MENA & AFPAK region for Xpress Money, said: ÔÇ£At Xpress Money, we constantly innovate our service offerings in order to make remittances more convenient. We understand that our customers lead busy lives and we work towards making financial transaction as hassle-free as we can for them. Direct transfers to mobile and bank accounts are our latest initiative towards this end.ÔÇØ

All Telenor mobile account number holders can avail the ÔÇÿDirect to Mobile AccountÔÇÖ service. New customers who wish to remit money using their mobiles can sign up with Telenor to obtain their personal mobile account numbers. During remittance, senders in Saudi Arabia/Kuwait/Oman will be provided with a unique Xpress Personal Identification Number (XPIN) that they need to share with the beneficiary in Pakistan. Beneficiaries can withdraw funds from more than 12,500 agent network locations of Easypaisa/Telenor franchise or Tameer Bank branches on providing his/her original XPIN Number and Computerised National Identity Card (CNIC).

The ÔÇÿDirect to Bank AccountÔÇÖ option takes the convenience level one step further and eliminates the need for a recipient in Pakistan to visit an agent location to collect the money. Using this service allows funds to be transferred into the beneficiaryÔÇÖs bank account and withdrawn at an ATM or used at a shopping outlet. Xpress MoneyÔÇÖs ÔÇÿDirect to Bank AccountÔÇÖ service extends over a network of 17 banks in Pakistan including MCB Bank, MY Bank, Tameer Bank, and Summit Bank.

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