Bank Alfalah further strengthens its money transfer services, signs-up with MoneyGram for AgentConnect

Karachi, April 23, 2012: Bank Alfalah recently signed an agreement MoneyGram for AgentConnect. With AgentConnect platform the Bank will not only be able to facilitate its customers with enhanced money transfer services but will also be able to make internal remittance controls stronger. The Bank is hopeful that this partnership will go a long way in to boosting its remittance business and also contribute to stimulating the much needed economic growth of the country.

Syed Hassan, Head of Financial Institutions Division at Bank Alfalah said, “Being a leading player in the banking industry, our primary focus is to take care of our customer’s diversified needs and signing up for AgentConnect will greatly help us in serving our customers’ money transfer needs more efficiently. We are also making head way in building our remittance offering through this platform and plan to launch tailor-made remittance products in the near future.”

“We are delighted to have gone one step ahead in further strengthening our long standing relationship with BankAlfalah through AgentConnect. Bank Alfalah has been our strategic partner in building an extensive remittances service network throughout the country and we are certain that with AgentConnect, we will collaboratively deliver enhanced value to our customers.” said Reza Samad, MoneyGram’s Country Manager to Pakistan at the signing ceremony.