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Xpress Money and Summit Bank join hands to offer remittance services through Ufone authorised Service Centers and Franchise Locations

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Karachi, March 18, 2013 (PPI-OT): Xpress Money, the world’s most dependable global money transfer brand, today announced its partnership with Ufone, to expand its agent locations in Pakistan. Ufone is a sub agent of Summit Bank, one of Pakistan’s premier financial institutions and one of Xpress Money’s foremost agent partners in the country.

In a statement, Xpress Money said the partnership will add over 148outlets of Ufone to its network in key centers across the country sprawling Islamabad, Rawalpindi, Peshawar, Lahore, Multan, Karachi, Faisalabad amongst others.

Mr. Rizwan AliHamdani- Country Manager, Business Development, Xpress Money, said: “At Xpress Money, we are committed to provide convenient and faster remittance services to our customers. The partnership with Ufone is a significant step in this direction. By adding on more agent locations we are enriching our services, which in turn will help expatriates send and receive money quickly and conveniently, providing tremendous value-add on our existing services,” he said.

Summit Bankhas brought on board Ufone as its Remittance Payout Agent in Pakistan recently to boost the portfolio it offers via Xpress Money. It has recently instituted more branches at convenient locations with extended working hours and weekend operations.

“The syndicate between Xpress Money and Ufone, will add to the growth of organized remittance, ensuring that money sent by NRPs reaches their beneficiaries in a fast and secure manner. By addingauthorized outlets of Ufone to our network across prime regions throughout the country, Summit Bank is reaffirming its commitment to enhance the customer experience. We have envisioned taking our partnership with both the companies to the next level of money transfer service,” said Mr. FarrukhMajeed – Head of Home Remittance, Summit Bank.

With over 4,800 agent locations in Pakistan, Xpress Money accounts for channeling almost 10% of the remittances to Pakistan. A prominent receive market, with an impressive 16.29% year on year growth, Xpress Money provides cash-to-home, cash-to-account, cash-to-mobile along with instant cash remittance services in Pakistan.

For more information, contact:
Athar Ali Shah
Manager Media Relations
CRS Public Relations
Ufone
House # 24 Main Nazim-ud-Din Road,
F – 10/4, Islamabad
Cell: +92331 516 6603, +92301 532 3233
Phone: +9251 211 3414 -5
Fax: +9251 211 3416

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