Ria and BankIslami Pakistan launch new payout service

BankIslami Pakistan and Ria have announced they will offer money transfer payout services in Pakistan through the bank’s 317 branches, located across 93 cities.

The new agreement allows customers all over the world to send money to their friends and family in Pakistan, safely and conveniently. Beneficiaries can now collect cash in minutes from bank branches without the need for an account, while account holders can also have funds deposited directly to their account.

The bank is committed to innovation, and after launching in 2006, have grown in size to operate the country’s 11th largest banking network. They were also the first bank in Pakistan to launch biometric-enabled cardless ATMs, providing customers’ access to their accounts using just their thumbprint.


BankIslami Pakistan and Ria Money Transfer

L-R, BankIslami’s Shuja Siddiqui, Section Head FI & PRI, with Ria’s BDD for South Asia, Suhail Shamsi, BankIslami’s Aamir Shamim, Head of Treasury & FI, and BankIslami’s Hasnain A Merchant, Section Head of the Home Remittances Business.

In Karachi, Pakistan, senior members from BankIslami along with Ria’s Business Development Director for South Asia, Suhail Shamsi, met to celebrate the signing of the agreement.

In a press statement issued on the day, Hasan A. Bilgrami, CEO of BankIslami, said, “Through this partnership, BankIslami will provide beneficiaries of Ria customers with the easy collection of remittances from our 317 branches nationwide.”

Juan Bianchi, CEO and President of Ria Money Transfer, added, “Ria is pleased to welcome BankIslami as our newest partner in Pakistan. Ria strives to provide fast, secure and affordable money transfer services for customers to send money home to their loved ones. With BankIslami, we’re able to serve more people looking for a convenient and reliable remittance service.”

Ria continues to grow and maintain its position as a leader in affordable remittances. We are proud to partner with BankIslami to facilitate the flow of remittances from expats and those living abroad. By expanding our network in South Asia, we will continue to achieve our goal of sending money when and where it’s needed most while making a difference in the lives of those who rely on these services.