Bank Alfalah, easypaisa partner

KARACHI: Bank Alfalah one of the largest commercial banks in Pakistan has partnered with easypaisa to enable customers to conveniently collect international remittances into their mobile wallets, a statement said on Monday.

This collaboration aims to simplify international remittance processes and provide ease and convenience to millions of customers. Users will now be able to seamlessly collect international remittances in their mobile wallets through over-the-counter-to-wallet conversion.

Customers can also utilise their funds in a wide range of financial services, including interbank fund transfer, savings, mobile top-ups, and various other use cases available on the easypaisa App. This innovative solution will also enable customers, who send remittances through Bank Alfalah’s sending partners, to receive funds directly into their easypaisa accounts, 24/7.

Commenting on the partnership, Kashif Ahmed, Acting CEO, of Telenor Microfinance Bank & easypaisa said, “This collaboration is aligned with our commitment to providing millions of Pakistanis with convenient and accessible digital financial solutions. By enabling customers to collect international remittances in their easypaisa wallets, we aim to empower them with greater control over their funds and revolutionize their overall banking experience."

Farooq A Khan, Group Head of Corporate, Investment and International Business Group, Bank Alfalah, said, "This strategic partnership aims to provide innovative solutions that cater to the evolving needs of our customers. By leveraging the extensive reach of the easypaisa platform’s user base, we aim to make international remittances more accessible and convenient while ensuring the highest level of security and reliability."

Both easypaisa and Bank Alfalah are proud to support the Pakistan Remittance Initiative (PRI) in promoting legal and hassle-free channels for overseas Pakistanis to send money back home. International remittances play an important role in the overall economic stability of the country and the positive impact they create in improving the lives of millions of families.