MoneyGram launches bank deposit service in Pakistan

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MoneyGram Chairman & CEO Alex Holmes has signed a contract with Group Head Corporate, Investment Banking & International Business of BankAlfalah, Bilal Asghar, to launch a new bank deposit service which will allow the customers to send money to any bank account in Pakistan.

The ceremony, held in London, was presided over by Prime Minister’s Spokesman on Trade & Investment for UK & Europe Sahibzada Jahangir.

While addressing the media, he remarked, “Pakistan is a key market that is positioned for growth, especially in terms of receiving remittances. In line with PM Imran Khan’s policies to eliminate money laundering and facilitate overseas Pakistanis in remitting their hard-earned money back to Pakistan, this new arrangement between MoneyGram & BankAlfalah will provide customised solutions that best serve their needs.”

The ceremony was attended by senior bankers.

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