NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, August 9, 2019

Leading digital money transfer service WorldRemit and National Bank of Pakistan have launched safe, fast and low-cost international transfers to 1,500+ National Bank Pakistan (NBP) cash pickup locations and designated branches of Pakistan Post Office. The Pakistani diaspora living in over 50 countries, including the USA, UK, Canada and Australia, can now send money to NBP cash pickup locations using their smartphone. WorldRemit is also offering its customers zero fees for transfers (terms and conditions apply) to Pakistan.

WorldRemit is a global leader in online money transfers. WorldRemit saves customers time and money as they do not have to pay expensive fees at a money transfer agent to send money home. Over 90% of the company’s transfers are authorized within 10 minutes. National Bank Pakistan, a leading Government owned bank in Pakistan, is committed to extending access to financial services to all income groups. National Bank of Pakistan is also the front line for SBP’s National Financial Inclusion strategy promoting financial inclusion to the unbanked. The bank recently launched special credit schemes for SME businesses across various industries, and is offering Qarz-e-Hasna loans to students.

Photo courtesy of Meena Kadri.