WorldRemit offers zero fee transfers

ISLAMABAD: WorldRemit, a leading digital money transfer service is offering its customers zero fees for transfers of $210 or over to Pakistan, a statement said on Monday.

A statement said WorldRemit had introduced the fee waiver to further support its overseas Pakistani customers and maximise the impact of the money they send home.

Pakistanis living in over 50 countries, including the USA, UK and Australia, can now send fee free, fast and secure money transfers to Pakistan directly from their phones to recipients with or without access to a bank account. Customers can choose to transfer money to Pakistan for cash collection, bank deposit or mobile money.

The World Bank estimates that the Pakistani diaspora sent home over $20 billion in 2018, representing nearly 7 percent of the country’s GDP. Money sent from loved ones abroad helps millions of families in Pakistan pay for essential needs such as healthcare and education.