Dubai Islamic Bank Pakistan and Western Union launch remittance service

Dubai Islamic Bank Pakistan Limited (DIBPL) and Western Union (WU) have launched a convenient remittance solution for sending money to families living in Pakistan.

DIBPL is now servicing Western Union customers for inward remittances through its branches across Pakistan.

To celebrate this groundbreaking event, an inauguration ceremony was held in Karachi, which was attended by Najam-us-Saqib (Head of PRI), Hamid Farid (CEO WU), Wamiq Rizvi ( Head of HR DIBPL), Saleem Yusuf (Finance Head DIBPL) and Naveed Malik ( Head of Distribution DIBPL).

Speaking at the occasion Najam emphasised that Inward remittances are extremely crucial for the development of Pakistan’s economy because it was a major contributor to the country’s foreign exchange reserves. Wamiq Rizvi mentioned “Inbound money transfer, has been designed keeping in mind the convenience of customers. It is the easiest and quickest way of collecting remittances through any DIBPL branch. Even if the beneficiaries do not have an account with DIBPL they will still be able to receive money from any of our branches with complete ease.”

Naveed Malik said that the DIBPL distribution network was consistently growing. The DIBPL network had witnessed significant organic growth in the past few years taking the branches to 91 branches in 33 cities. The beneficiaries could comfortably receive their remittances from this expanding network, even if they didn’t have an account with the bank, they would still be able to receive their funds with ease, he added.-‘PR

Source: Business Recorder

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