As per the agreement, Al Fardan Exchange’s money transfer services across its 40-branch network in UAE would be available for MCB’s remittance services.
The new relationship, set up with support of bank’s Transaction Banking Division will help Pakistani expatriates remit money from Al Fardan Exchange free of cost.
It will undertake diverse services including issuance of Telegraphic Transfers from UAE and MCB will deliver payments in accounts, as well as instant cash, in Pakistan.
MCB president MUA Usmani said in today’s environment, customers require rapid, efficient money transfer services. Association with Al Fardan Exchange, will facilitate meeting such requirements.
"This Agreement is part of our strategy to offer broad span of latest financial services to our customers. We have full confidence in Al Fardan’s experience, technical services quality. It will further strengthen MCB as it moves forward to affirm its leading position in Pakistan’s banking sector," Usmani said.
Al Fardan Exchange general manager Osama Al Rahma said that with one of best and largest branch networks in Pakistan, MCB would help the company in expanding their services across the country.
