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18 May

RAKBANK extends money remittance services to Pakistan


Remittance done in partnership with Habib Bank through RAKMoneyTransfer.

“The Bank extended its RMT services to Pakistan with the objective of offering UAE’s Pakistani community the ability to immediately remit money back home. This was achieved with the help of the successful partnership that we developed with HBL. I would also like to point out that the money transfer rates that we provide at the Bank are very competitive with the rates found at exchange houses in the UAE,” said Peter England, CEO of RAKBANK.    

RAKBANK aims to offer Pakistanis in the UAE, the second largest national community, the utmost convenience with the recent expansion of its award winning remittance service, RAKMoneyTransfer (RMT), whereby customers can remit money to Pakistan in just 60 seconds from any of RAKBANK branches to Habib Bank Limited (HBL) and other major banks located in Pakistan. RAKBANK customers are now able to send money to Pakistan for free at any of the Bank’s branches without having to worry about a cut-off time.  

Anwar Zaidi, GM- Head of FI-GTS & Global Remittance Business at HBL stated, “We are extremely proud of this partnership between HBL and RAKBANK. We will now enable our customers to send money to Pakistan instantly in a secure and convenient manner. They can now experience accounts immediately being credited with HBL through RAKMoneyTransfer.”


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