Azimo, HBL to launch money transfer service in Pakistan

Wednesday 10 February 2021 13:18 CET | News

Digital money transfer service provider Azimo has partnered with commercial bank HBL to launch a new service in Pakistan, according to the official press release.

The new service will allow Pakistanis living in the UK, Europe, and Australia to send money to their loved ones in minutes. Pakistan received a large volume of global remittances in 2020, with USD 7.1 billion pouring into the country during the third quarter of the year alone. Despite this, many banks still take three business days to deliver money to the country. 

Azimo customers can choose to send money to any bank account in Pakistan, or to any branch of HBL for collection. The recipient of a cash pick-up transfer only has to show their CNIC and transfer number to claim the money.

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Keywords: Azimo, HBL, money transfer, remittance, digital money transfer, Pakistan, Commercial Bank, cross-border payments
Categories: Banking & Fintech
Countries: Pakistan
This article is part of category

Banking & Fintech