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MANCHESTER, England, Dec. 6, 2022 /PRNewswire/ — ACE Money Transfer, a reputable UK-based remittance provider, partners with one of Pakistan’s largest banks, Allied Bank Limited (ABL), in line with the Pakistan Remittance Initiative (PRI) view of increasing the recent nosedive in remittance inflows, as the country’s foreign exchange reserves are highly dependent on remittances, which account for almost 8.69% of its GDP.

Any remittance sent via ACE Money Transfer from the UK, Europe, Canada, Australia and Switzerland and received at any Allied Bank branch in Pakistan by December 31, 2022 will be eligible to win one of 61 Samsung Galaxy S22 Ultra. Daily winners will be chosen through weekly drawings during the course of the campaign.

Rashid Ashraf, CEO of ACE Money Transfer, said: “Overseas Pakistanis contribute to economic stability by sending remittances. We have always provided expatriates with cutting-edge technology and convenient, fast, safe and affordable services to help stimulate the inflow of remittances in Pakistan. This partnership with Allied Bank Limited accentuates the use of regulated channels and rewards clients for recognizing their efforts.”

Aizid Razzaq Gill, CEO of Allied Bank Limited, stated, “Workers’ remittances have been a major source of foreign income for Pakistan for the past few decades, and Allied Bank has always been a strong supporter of the vision of the State Bank of Pakistan to boost remittance inflows through legal channels Allied Bank’s strategic alliance with ACE Money Transfer is a testament to the bank’s strong will and commitment to fostering safe and cost-effective funds transfers through formal channels. “

About ACE Money Transfer

ACE Money Transfer (registered trade name Aftab Currency Exchange Limited”), based in Manchester, UK, is a growing remittance provider. It offers seamless online money transfer services to millions of Pakistani expatriates with an extensive network of over of 390,000 shipping points spread over more than 100 countries around the world.

About Allied Bank Limited

Allied Bank Limited is one of the largest commercial banks in Pakistan, having been in existence for over 75 years. The bank has an extensive network of more than 1,425 online branches and more than 1,500 ATMs throughout the country. It offers various technology-based products and services to its diverse clientele, with a continued focus on digital transformation and process automation.

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