HBL, the largest bank in Pakistan has entered into an agreement with J.P. Morgan Payments, to provide secure, and cost-effective cross-border payments via J.P. Morgan’s Xpedite Remit.
HBL & J.P. Morgan Collaborate for Secure and Cost-Effective Cross-Border Payments to Pakistan Via Xpedite Remit
The agreement extends an existing relationship between the two financial institutions to provide remittance services in Pakistan.
JS Bank and Beaconhouse National University Sign MoU For Chair on Sustainability and Fintech
Commenting on this collaboration, Faisal N. Lalani, Head International Banking – HBL, said: “We are extremely proud of this engagement with J.P. Morgan Payments. J.P. Morgan’s Xpedite Remit solution will enable individuals across the globe to send remittances to Pakistan in a secure and cost-effective manner.
Remittances can be sent to HBL and other bank accounts or as Cash Over Counter from any of the Bank’s 1750+ branches in Pakistan.”
Commenting on this collaboration, Amin Khowaja, Chief Executive Officer, Pakistan – J.P. Morgan, said: “With the signing today, J.P. Morgan is very excited to enter into a strategic engagement with HBL. Pakistan is one of the largest remittance recipient corridors and we will work together to streamline remittances.”
- Meezan Bank Accelerates Instant Payment Solutions Amid Surge in Digital Transactions in Pakistan
- Veon CEO lauds Mobilink Bank’s 35% green energy transition
- Mashreq Invests $40 Million to Strengthen Digital Banking and Talent in Pakistan
- Visa Brings Banks, Fintechs Together to Shape Digital Payments Future
- easypaisa digital bank, RUDA partner to drive financial inclusion in rural communities
- Mobilink Microfinance Bank Plans Majority Stake Acquisition in Apna Microfinance Bank
- ABHI Microfinance Bank Limited Signs MoU with Knowledge Platform (Private) Limited
- easypaisa digital bank reports profit after tax of Rs. 17.04 billion FY 25
