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United Arab Emirates – RAKBANK aims to offer Pakistanis in the UAE, the second largest national community, the utmost convenience with the recent expansion of its award winning remittance service, RAKMoneyTransfer (RMT), whereby customers can remit money to Pakistan in just 60 seconds from any of RAKBANK branches to Habib Bank Limited (HBL) and other major banks* located in Pakistan. RAKBANK customers are now able to send money to Pakistan for free** at any of the Bank’s branches without having to worry about a cut-off time.
“The Bank extended its RMT services to Pakistan with the objective of offering UAE’s Pakistani community the ability to immediately remit money back home. This was achieved with the help of the successful partnership that we developed with HBL. I would also like to point out that the money transfer rates that we provide at the Bank are very competitive with the rates found at exchange houses in the UAE,” said Peter England, CEO of RAKBANK.
Anwar Zaidi, GM- Head of FI-GTS & Global Remittance Business at HBL stated, “We are extremely proud of this partnership between HBL and RAKBANK. We will now enable our customers to send money to Pakistan instantly in a secure and convenient manner. They can now experience accounts immediately being credited with HBL through RAKMoneyTransfer.”
RAKBANK’s RMT is designed to enable everyday money transfer needs of customers when remitting money to India, Nepal, Sri Lanka, Philippines, and now Pakistan. The Bank’s RMT service offers customers a secure, convenient, and cost-effective money remittance solution that can be completed at just the click of a button using RAKBANK’s Digital Banking platform and through all of the Bank’s branches. Furthermore, RAKBANK’s RMT was recently awarded the title of ‘Remittance Product of the Year in the Middle East’ by The Asian Banker
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© Press Release 2017
