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Bank AL Habib Pakistan, Global Money Exchange Oman join hands to facilitate remittances to Pakistan

10 Jun 2024

Muscat – To facilitate Cross Border payments between Sultanate of Oman and Pakistan, Bank AL Habib Pakistan and Global Money Exchange Co LLC are set to begin their remittance collaboration to bring about substantial benefits to the Pakistani diaspora in Oman. This collaboration will further strengthen the Economy of Pakistan to promote remittances to Pakistan through legal channels.

A large number of Pakistani nationals are residing in Oman and this strategic alliance, combined with the largest branch network of Global Money Exchange and Bank AL Habib Pakistan will benefit the Pakistani community, and enhance the remittance process, ensuring that funds sent by Pakistani expatriates reach their families swiftly, securely, and at the best exchange rates.

Global Money Exchange’s ‘Global Freedom’ online funds transfer facility, along with a user-friendly mobile app, will revolutionize the remittance process, making it more accessible and convenient for users enabling them to send money from the comfort of their homes, reducing reliance on traditional methods, and enhancing the efficiency of services.

“Bank Al Habib Pakistan and Global Money Exchange Co LLC” appreciate the momentous role of His Excellency Muhammad Imran Ali Chaudhary, the Ambassador of Pakistan to Oman, in actively assisting the community and promoting the use of legal channels for remittances. The Embassy’s ongoing assistance guarantees that expatriates from Pakistan are encouraged to use safe and effective ways to transfer money home. The emphasis on digital solutions highlights the dedication to innovation and user convenience, opening the door for a more effective and safe remittance environment.

Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. It is now one of the leading banks in Pakistan, known for its high level of customer service. It has a strong network of over 1100+ branches and sub-branches in more than 440 cities across the country, including a wholesale branch in Bahrain and Malaysia and representative offices in China, UAE, Turkey, and Kenya.

Bank Al Habib was the top remittance-mobilizing bank in Pakistan in 2023. Renowned for its customer-centric approach and robust portfolio of banking services with a vision to provide innovative financial solutions, exceptional customer service and best rates, making it a trusted choice for banking solutions.

Global Money Exchange Company LLC is the No. 1 Money Exchange Establishment in Oman, specializing in remittances and currency exchange services. Established with a mission to facilitate seamless and secure financial transactions, it has grown from a single branch entity in 2002 to one of the largest exchange company in terms of branch network, with 62 branches. Global Money Exchange has won the award for Best Exchange Company consecutively for the last 6 years (since the inception of the award). The company is dedicated to leveraging technology and partnerships to enhance convenience and efficiency by providing digital solutions to its customers.

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