Meezan Bank has partnered with HomeSend, a joint venture between Mastercard, eServGlobal and BICS to leverage on HomeSend's extensive network. As a leading global money transfer hub that enables cross-border and cross-network value transfers through a single connection, HomeSend benefits from technological leadership in both system features and commercial connectivity.
Under this agreement, Meezan Bank's state-of-the-art Home Remittance service, 'Meezan Easy Remit' or MEX will start processing HomeSend's world-wide remittances sent by millions of expatriates and Non Resident Pakistanis (NRPs) around the world to the beneficiaries in Pakistan.
"We are dedicated to offering services and solutions that will enable our customers to transfer money from anywhere to any country in the world via a number of different channels including payment cards, mobile money accounts, bank cards or cash outlets. Partnering with a leading institution such as Meezan Bank means that our customers remitting money to Pakistan will enjoy a greater degree of convenience, security and comfort," said Khalid Elgibali, Division President, Middle East and North Africa, MasterCard.
"HomeSend believes in making international money transfer services safer, more reliable and easily accessible to all. Our collaboration with Meezan Bank marks a significant step forward in our growth journey in Pakistan as it represents the first HomeSend ennoblement with a MasterCard-issuing bank in the country," said Stephen Doyle, CEO, HomeSend.
"Thanks to this partnership, Pakistanis overseas can take advantage of the extensive reach of the HomeSend network and the multiple money transfer channels the hub offers, while beneficiaries in Pakistan can enjoy the convenience of collecting money from Meezan Bank's wide network of 551 online branches located prominently in more than 140 cities across the country," said Arshad Majeed, SEVP and Group Head Payment Services, Meezan Bank.-PR