Remittance services from S. Arabia to easypaisa rolled out
STAFF REPORT IBD: The Xpress Money has tied up with Telenor Pakistan for the “Direct to Mobile Account” service, while its “Direct to Bank Account” service will be available through 17 leading banks in Pakistan.
All Telenor mobile account number holders can avail the “Direct to Mobile Account” service. New customers who wish to remit money using their mobiles can sign up with Telenor to obtain their personal mobile account numbers, says a press release issued here last week.
During remittance, senders in Saudi Arabia will be provided with a unique Xpress Personal Identification Number (XPIN) that they need to share with the beneficiary in Pakistan. They can withdraw funds from more than 12,500 agent network locations of Easypaisa/Telenor franchise or Tameer Bank branches on providing his/her original XPIN Number and Computerized National Identity Card (CNIC).
The “Direct to Bank Account” option takes the convenience level one step further and eliminates the need for a recipient in Pakistan to visit an agent location to collect the money. Using this service allows funds to be transferred into the beneficiarys bank account and withdrawn from an ATM or used at a shopping outlet. This service extends over a network of 17 banks in Pakistan including MCB Bank, MY Bank, Tameer Bank, and Summit Bank.