Tranglo announced a collaboration with Bank AL Habib to expand the global fintech’s remittance touchpoints in Pakistan.
With this partnership, 10 million Pakistanis abroad can now send money back to Bank AL Habib’s 847 branches in 337 cities in the country, giving them more options to reach their loved ones.
Tranglo CEO Jacky Lee said: “We are proud to be working closely with Bank AL Habib. It is important to have an established partner like Bank AL Habib to complement our global reach and integration so that every transaction becomes as seamless as possible.”
Tranglo’s international partners would do well to take advantage of this enhanced network as Pakistan’s remittances were estimated to grow at about 9% in 2020 despite the COVID-19 pandemic, according to a World Bank’s report in October.
Bank AL Habib Group Head Aun Ali said: “On this auspicious day, I would like to congratulate both Bank AL Habib and the Tranglo team on this relationship. This will help both organisations in serving Pakistani expatriates through instant, simple and secure transaction processing.”
Tranglo is a cross-border payment hub with a proven track record in business payment, foreign remittance and mobile payment solutions. Founded in 2008, we have offices in Kuala Lumpur, Singapore, Jakarta, Dubai, and London. Our global network spans more than 100 countries, 2,500 mobile operators, 1,300 banks/wallets and 130,000 cash pickup points. To find out more, visit www.tranglo.com, LinkedIn, Facebook, or Twitter.
About Bank AL Habib
Dawood Habib Group, the sponsor of Bank AL Habib Ltd, has a long track record in banking that dates back to the 1920s. The Group was among the founding members of Habib Bank Ltd and played a major role in meeting the financial and banking needs of Pakistan. It was nationalised along with other banks in Pakistan on January 1, 1974.
Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. The bank is now one of the leading banks of Pakistan and is known for its high level of customer service. With a strong branch network of more than 847 branches and sub-branches in 337 cities across the country, including a wholesale branch in the Kingdom of Bahrain and two business banking branches in Seychelles and Malaysia. The bank has representative offices in China, the UAE, Turkey, and Kenya.