Bank Alfalah and Ria partner to offer money transfer payout in Pakistan

Ria is pleased to announce a partnership with Bank Alfalah – Pakistan’s fifth largest private bank – to offer money transfer payout services.

This partnership allows Ria customers and Pakistanis all over the world to send money back to their loved ones, with more than 600 Bank Alfalah branches spanning over 200 cities across Pakistan available for cash pick-up. Bank Alfalah customers, as well as other Pakistani Remittance Initiative (PRI) account holders, can also receive funds directly to their bank account.

As well as being one of the largest Islamic Banking businesses in the country, Bank Alfalah has a presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. They now serve more than 1 million customers.

Today, millions of Pakistanis live outside their country of birth with the majority residing in Saudi Arabia, UAE and India while the United Kingdom and United States is also home for many expatriates.

Bank Alfalah tellers in Pakistan

A customer is served in one of Bank Alfalah’s more than 600 branches located across 200 cities in Pakistan.

 

Juan Bianchi, President and CEO of Ria Money Transfer said, “Our agreement with Bank Alfalah allows Pakistanis living abroad to send money to their families and loved ones through thousands of Ria locations worldwide. We’re pleased to begin our partnership with Bank Alfalah to provide an alternative and affordable service which seeks to benefit Pakistani expatriates and their beneficiaries.”

Atif Bajwa, President and CEO of Bank Alfalah added, “At Bank Alfalah, we find new and better ways to take our customers forward and we do this by understanding their evolving needs and enhancing our service capabilities to meet those needs. The foreign remittance market has been growing consistently over the years and Bank Alfalah’s partnership with Ria will allow us to grow our remittance outreach and enhance our service options.”

According to the World Bank, remittance inflows to Pakistan totalled $17.1 billion in 2014, making it one of the top 10 receiving countries of migrant remittances.

With the customer at the heart of the business, Ria is pleased to partner with Bank Alfalah, one of the leading banks in Pakistan. As always our mission is to offer quick, secure and economical transfers and it is our hope that we will become the money transfer company of choice for many more Pakistanis living in the diaspora.

 

Bank Alfalah Pakistan

A Bank Alfalah branch in Pakistan where Ria remittances are available for collection.