Xpress Money Launched Remittance Services from KSA

Xpress Money has launched two services for its Pakistani customers in Saudi Arabia:

• Direct to Mobile Account
• Direct to Bank Account

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 heir personal account numbers.

During remittance, senders in Kingdom of Saudi Arabia will be provided with a unique Xpress Personal Identification Number (XPIN) that they need to share with the beneficiary in Pakistan. Beneficiaries can withdraw funds from more than 12,500 agent network locations of Easypaisa/Telenor franchise of Tameer Bank branches on providing his/her original XPIN Number and Computerized Identity Number 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 beneficiary’s bank account and withdraw from am ATM or used at a shopping outlet. This service extands over a network of 17 banks in Pakistan including MCB Bank, MY Bank, Tameer Bank and Summit Bank.

Funds transferred using either service take about 12-24 hours to be credited into the recipient’s account. Once the amount is credited, the sender in Saud Arabia receives an SMS confirmation.

How to Send Money:

• Visit any Xpress Money send Agent
• Fill out a send money form
• Make sure that the beneficiary’s name is spell correctly
• Hand over amount to be transferred and transfer charges
• Give the beneficiary the unique 16 digit XPIN number