MCB Bank Limited (MCB) has initiated a new remittance service to Pakistan from United Arab Emirates (UAE) and in this regard an agreement has been signed on Wednesday between MCB Bank Limited and UAE based Emirates India International Exchange (EIIE) - a leading exchange house in the region.
This service further strengthens the legal means of remittances to Pakistan, and EIIE's money transfer services across its 16-branch network in the UAE would be available for MCB's remittance services. The new tie-up, set up with the support of the Bank's Transaction Banking Division will help Pakistani expatriates remit money from EIIE free of cost. The company will undertake diverse services including issuance of Telegraphic Transfers from the UAE and MCB will deliver payments in accounts, as well as instant cash, in Pakistan.
Commenting on the benefits of the new agreement, MCB President M. U. A. Usmani underlined the fact that in today's environment, customers require rapid and efficient money transfers. The association with Emirates India International Exchange, a top ranked payment services company in the region, would facilitate meeting such requirements.-PR