Xpress Money, Summit Bank join hands through Ufone

Xpress Money, world's most dependable global money transfer brand, on Monday announced its partnership with Ufone, to expand its agent locations in Pakistan. Ufone is a sub agent of Summit Bank, one of Pakistan's premier financial institutions and one of Xpress Money's foremost agent partners in the country.
In a statement, Xpress Money said the partnership will add over 148 outlets of Ufone to its network in key centers across the country sprawling Islamabad, Rawalpindi, Peshawar, Lahore, Multan, Karachi, Faisalabad amongst others. Rizwan Ali Hamdani- Country Manager, Business Development, Xpress Money, said: "At Xpress Money, we are committed to provide convenient and faster remittance services to our customers. The partnership with Ufone is a significant step in this direction. By adding on more agent locations we are enriching our services, which in turn will help expatriates send and receive money quickly and conveniently, providing tremendous value-add on our existing services," he said.
Summit Bank has brought on board Ufone as its remittance payout agent in Pakistan recently to boost the portfolio it offers via Xpress Money. It has recently instituted more branches at convenient locations with extended working hours and weekend operations.
"The syndicate between Xpress Money and Ufone, will add to the growth of organised remittance, ensuring that money sent by NRPs reaches their beneficiaries in a fast and secure manner. By adding authorised outlets of Ufone to our network across prime regions throughout the country, Summit Bank is reaffirming its commitment to enhance the customer experience. We have envisioned taking our partnership with both the companies to the next level of money transfer service," said FarrukhMajeed - Head of Home Remittance, Summit Bank.
With over 4,800 agent locations in Pakistan, Xpress Money accounts for channelling almost 10 percent of the remittances to Pakistan. A prominent receive market, with an impressive 16.29 percent year on year growth, Xpress Money provides cash-to-home, cash-to-account, cash-to-mobile along with instant cash remittance services in Pakistan.