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February 28, 2026
Askari Bank and ACE Money Transfer partner to widen digital remittance channels into Pakistan, boosting access and security for international fund transfers.
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In a strategic move to bolster digital remittance services in Pakistan, global remittance provider ACE Money Transfer has joined forces with Askari Bank Limited to significantly expand legal and digital remittance channels into the country. The partnership was formalised at a signing ceremony in Islamabad and aims to make cross-border money transfers more accessible, secure and convenient for overseas Pakistanis sending funds home from key corridors such as the United Kingdom, Europe, Australia and Canada.
Through this collaboration, ACE Money Transfer strengthens its payout network by leveraging Askari Bank’s extensive nationwide infrastructure, offering beneficiaries enhanced flexibility and broader coverage for receiving remittances via formal banking channels.
Speaking at the event, Hasan Mubarak (Group Unit Head, ACE Money Transfer) emphasised the company’s commitment to enhancing its global payout ecosystem to better serve expatriate communities, while Muzammil Hanif (Head of Home Remittance and RDA, Askari Bank) highlighted the partnership’s role in advancing secure, efficient and future-ready remittance solutions.
This alliance reinforces both organisations’ shared goal of driving financial inclusion, promoting regulated remittance flows and supporting Pakistan’s journey toward a digitally enabled financial ecosystem.
