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.
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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.”
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