MANCHESTER, England, December 2, 2024 /PRNewswire/ — ACE Money Transfer, a global leader in the remittance industry, has been recognized by the State Bank of Pakistan (SBP) with a prestigious award for being the fourth largest global Fintech in terms of remittance volumes to Pakistanreaffirming its position as a key player in from Pakistan remittance sectors. The award was presented during the 4th Pakistan Remittance Summit 2024 detained in Rome, Italyon November 28, 2024in the presence of leading figures from the sector and global financial players.
As a global fintech, ACE Money Transfer has been at the forefront of promoting legal remittance channels and strengthening the country’s economy through formal financial flows. This recognition from the State Bank of Pakistan highlights the company’s growing impact and commitment to innovate secure, cost-effective and efficient remittance solutions for millions of overseas Pakistanis.
Pakistan remains the world’s fifth largest recipient of remittances, with remittances sent by expatriates playing a vital role in economic stability. Observing a substantial increase of 24%, remittances to Pakistan reached $3.052 billion In October 2024. ACE Money Transfer’s innovative approach, built on trust and technology, has established it as a critical enabler of these inflows, connecting families and driving progress.
“This prestigious award from the State Bank of Pakistan is a testament to supporting millions of Pakistanis and other expatriates around the world, helping them transfer funds safely back home to ensure a prosperous life for their loved ones,” said Rachid AshrafCEO of ACE Money Transfer. “We are committed to contributing more to from Pakistan economy and provide innovative solutions to the whole world, bringing Pakistan at the center of the world with advanced money transfer technology solutions.
For more information, visit https://acemoneytransfer.com/.
About ACE Money Transfer
ACE Money Transfer is a global fintech leader specializing in cross-border money transfer services. With cutting-edge technology and a customer-first philosophy, ACE enables millions of Pakistanis around the world to send money home securely and efficiently.
Media Contact:
palwasha.yahya@acemoneytransfer.com
+44 161 3936 999
Photo – https://mma.prnewswire.com/media/2570002/ACE_Money_Transfer.jpg
Logo- https://mma.prnewswire.com/media/1807198/ACE_Money_Transfer_Logo.jpg
View original content to download multimedia:https://www.prnewswire.com/news-releases/ace-money-transfer-a-global-fintech-leader-recognised-by-state-bank-of-pakistan-for-outstanding-remittance-volumes-to- pakistan-302319514.html
SOURCE Ace Money Transfer