KARACHI: Sindh Bank and MoneyGram have joined hands, by signing an agreement to provide money transfer services in Pakistan.
After the agreement the customers would be able to pick up funds from friends and family members around the world at more than 225 Sindh Bank locations in 111 cities across Pakistan. The venture would extend MoneyGram’s network in Pakistan to almost 4,300 locations across the country.
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According to the World Bank, more than 90% of the population of Pakistan is currently unbanked, and many residents depend on money transfers from family members to pay for everyday life essentials.
“MoneyGram’s agreement with Sindh Bank offers customers more choices when they need to pick up funds,” says MoneyGram’s Senior Regional Director for MEPA countries Maher Haddad. “Adding Sindh Bank to our agent network in Pakistan aligns with our strategy to deliver access to financial services to unbanked and under-banked customers in Pakistan.”
MoneyGram’s Country Manager for Pakistan Reza Samad said the company’s mission is to connect family, friends and loved ones through reliable, 10-minute transfers. “We help people send money to their families and friends for emergencies, celebrating big moments and providing for life’s essentials,” he added.
