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January 20 2017

Small World partners with Allied Bank to expand its presence in Pakistan

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Customers will be able to receive the remittances in an easy and instant way in any ABL office network, formed by more than 1,080 branches throughout the country

Small World Money Transfer is today announcing its partnership with Allied Bank Limited (ABL), one of the leading banks in Pakistan, through its Home Remittance Division.

This partnership is part of Small World’s strategy to expand its presence in Asia and enhance the services available for existing and new Small World customers. With ABL, Small World users will be able to transfer money to Pakistan in a fast and economic manner.

Through ABL’s Home Remittance Division, a reference partner will be added, allowing the bank to strengthen its remittance service, Allied Express. This means that funds sent to Pakistan from any of the 40 countries Small World operate in can be collected by the beneficiaries across the entire ABL network, integrating more than 1,150+ branches in Pakistan. The remittances may also be instantly credited to an ABL bank account or any other bank in Pakistan.

According to World Bank data, remittances are extremely important for Pakistan. In 2014, remitances accounted for 6.9% of the country’s GDP, while the State Bank reported that remittances to Pakistan were around $19.3 billion in 2015.

Nick Day, CEO of Small World Financial Services says:

“We are excited to partner with Allied Bank and expand our services to clients looking to transfer money to Pakistan. It’s great to be able to offer this service to our clients, as well as give them the opportunity to take advantage of the security and guarantees that ABL can offer. 

“This partnership will enable our clients to be able to transfer money in an easier, quicker and cost-effective matter. By embarking on this partnership, we hope to demonstrate our commitment to our clients worldwide.

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