Waseela Bank and Western Union Sign Agreement for Home Remittances

Waseela Microfinance Bank Limited (WMBL) has signed an agreement for home remittance services with Western Union Company, a global leader in payment services. Western Union services will be available at -WMBL locations across Pakistan.

WMBL is the 10th licensed microfinance bank in Pakistan by State Bank of Pakistan under ‘Microfinance Institution Ordinance 2001’ and is sixth having nation-wide operating mandate. WMBL started its operations on May 2, 2012. WMBL serves the low income segments of the population in both rural and urban parts of Pakistan with a focus on small business owners, women entrepreneurs and small scale farmers.

Ghazanfar Azzam, Chief Executive Officer for WMBL, said:

WMBL continuously seeks to evolve its services and we are proud to help customers receive funds sent by their family & friends who work hard overseas.

Hamid Farid, Regional Director – Pakistan & Afghanistan at Western Union, said:

We are delighted to announce this strategic alliance with WMBL. The signing of this agreement reflects our continuous efforts to provide our consumers with flexible, reliable and convenient access to Western Union services.

  • Western Union is a pathetic company. I had an experience of sending and receiving the money through them and suffered a lot. Plus they have very high fees as compared to other payment services.

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