JazzCash And HomeSend Partner For Collection Of International Remittances
Islamabad – December 23, 2016: JazzCash, Mobilink’s Mobile
Financial Services arm, has teamed up with HomeSend to let its users receive international
remittances directly in their Mobile Accounts. JazzCash is the first mobile
financial service provider to integrate with HomeSend and offers real-time
transfers. Customers can then cash-out from JazzCash’s 65,000-strong agent
network, Jazz Experience Centers, Jazz Points, Mobilink Microfinance Bank
branches (MMBL) and ATMs across Pakistan. In addition to that, users can avail cash-over-counter
services as well as cash transfers to accounts of other banks.
Initially JazzCash users will be
able to receive money transfers from the United States of America and Europe;
in the coming months, HomeSend will also enable retrieval of funds transferred
from the Middle East. The service is already operational, with HomeSend going
live with the new system following its successful integration.
Speaking at the signing ceremony,
Aniqa Afzal Sandhu, VP Digital & Mobile Financial Services – Mobilink,
stated, “JazzCash has always looked to provide digital and mobile solutions to meet
the financial needs of its users. With the addition of this service, we shall
be adding a significant degree of convenience and reliability to families that rely
on financial support from abroad to run their households.”
“These are exciting times for the
financial industry. Mobile is currently playing a key role in enabling new
financial services, which offer ease of delivery and added security. We look
forward to connecting with JazzCash, our preferred collection partner in
Pakistan, to continue assisting thousands of families, separated from their
main breadwinner, by offering innovative money transfer services,” said Stephen
Doyle, CEO, HomeSend.
Aurangzaib Khan, Area Head,
Pakistan and Afghanistan, Mastercard, said, “Pakistan is one of the world’s
largest recipients of foreign remittances, and the World Bank estimates that remittances
into the market would have grown an additional 5.1 percent in 2016. The
collaboration between HomeSend and JazzCash further enables the nation’s citizens
with a fast, easy and convenient way to receive money sent from abroad.”
HomeSend is a joint venture
between Mastercard, eServGlobal and BICS, which enables cross-border and
cross-network value transfers globally through a single connection.
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