Easypaisa Partners with UAE’s Money Exchange Network for Instant Foreign Remittances

Al_Ansari_Exchange_Counters_cropAl Ansari Exchange, the UAE’s largest money exchange network, has partnered with Tameer Bank for simplifying UAE to Pakistan funds transfers, making them instant and withdraw-able at over 20,000 Easypaisa outlets spread across Pakistan, said a statement published on Al Ansari Exchange website.

United Arab Emirates is considered a dense Pakistani populated country where remittances back home have been seeing an increase, with recent figures showing the value of remittances from UAE to Pakistan in 2011 amounting to around USD 2.2 billion.

Factors such as the depreciating value of the Pakistani rupee, increase in worker migration and the improved skill levels of migrating workers have contributed to the increase in remittances to the country.

“Pakistanis represent one of the largest expatriate communities in the UAE, which makes this partnership with Tamer Bank highly significant as it optimally leverages the vast network of Telenor Pakistan.

Given that the money transfer is instant, and the recipients in Pakistan can collect the money even late in the night will be highly advantageous to both the sender and receiver.

This tie up also underlines our ongoing commitment to identify customer requirements and respond with timely and cost-effective solutions,” said Rashed Ali Al Ansari, General Manager, Al Ansari Exchange.

This agreement between Al Ansari Exchange and Tameer Bank will allow Pakistani expatriates based in UAE to transfer funds instantly to their families back in Pakistan, who can withdraw funds from Easypaisa outlets near to them.

There are 110 Al Ansari Exchange branches in UAE to transfer money instantly.

  • Pakistan Classified Ads

    And how much tax is going to be deducted on money transfer Any idea?

  • nice

  • someone

    Now all we need is paypal!

  • Ahmed

    UAE Exchange and Al-Ansari Exchange are two different comapanies, you are confusing both. 2nd what Easypaisa will deduct? Usually transfer to Pakistan is free but this question arises as Easypaisa is expensive, they may charge recipient as well (expected).

    • admin

      We wrote UAE’s exchange. Charges are to be unveiled when service will start.

      • Ahmed

        Aamir Bhai,
        But it is quoting “said a statement published on Al Ansari Exchange website.” is it UAE Exchange or Al-Ansari ?

        • admin

          Al Ansari exchange based in UAE

          • Ahmed

            Now it makes it clear, have to send money to Pakistan, will help. Thank you.

    • Hashim Ali

      Please visit the below link for detailed information on Easypaisa International Home Remittances. http://easypaisa.com.pk/index.php/en/services/internationa-home-transfer

  • Hashim Ali

    Easypaisa is already providing International remittance services for people sending through Express Money and placid Express. Receivers are not charged at the time of withdrawal.

  • Zahid Ali

    I have a paypal account and I want to exchange from it in pak rupees so What should i do?