Dubai Islamic Bank Pakistan Limited (DIBPL), a leading Islamic bank in Pakistan and Western Union, (NYSE: WU), a leader in money transfer and global payment services have entered into a collaboration, whereby DIBPL will provide Western Union inbound money transfer service through its 76 branches across 30 major cities in Pakistan. This service will cater to the needs of people in Pakistan who wish to receive money promptly from abroad.
Speaking on the occasion, Junaid Ahmed, CEO of DIBPL said, "Our strategic relationship with Western Union provides us an opportunity to expand our current array of services. Under this arrangement, Pakistanis living around the world can send money to their families at home. Even if their families do not have an account with DIBPL they will still be able to receive money from any of our branches with complete ease."
Sobia Rahman, Vice President for the Gulf, Pakistan and Afghanistan of Western Union said, "There are many Pakistanis who have made sacrifices to work outside of their home country to support their loved ones back home. Their remittances are not only contributing towards a better way of life, but are crucial to the Pakistani economy. Our agreement with DIBPL will not only allow Western Union to strengthen its presence in Pakistan, but also contributes towards the global 500,000 locations we are proud of today." The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders.-PR