Xpress Money celebrates its 10 year milestone in Pakistan

~ Pioneering a host of innovative services for its customers over the decade ~

Islamabad, 28 January, 2014: 

Xpress Money, the world’s most dependable money transfer brand, has successfully completed 10 years of service in Pakistan. Since its inception in 2003, the remittance service provider is playing a very important role in the Pakistan remittance industry with a share of around 10% in the organized market. In 2011, Xpress Money became the leading foreign remittance player in Pakistan processing over 2.5 million transactions to the country.

In these ten years, Xpress Money as a brand expanded its footprint in 150 districts across Pakistan by collaborating with leading banks, financial institutions and cellular service providers. The brand has increased its presence by over 500 percent since its launch and currently has a strong network of over 15,000 agent locations across the country. In the past decade, Xpress Money has offered a plethora of services like Cash-to-Cash, Direct Account Credit, Real-Time Gross Settlement (RTGS), Mobile Account Credit and was the first to pioneer convenient consumer-focused services like Inter Bank Funds Transfer (IBFT) and Door-Delivery service. Xpress Money customers remitting money from KSA and Kuwait get an additional benefit of a free life insurance cover – a value add that no other international money transfer operator provides. 

Talking about this milestone, Mr. Rizwan Ali Hamdani, Country Manager – AFPAK, Xpress Money said, “Xpress Money’s ten-year success story reflects our idea of facilitating migrants to send remittances legally, in a simple, fast and safe way by providing attractive exchange rates. We are grateful to all our stakeholders and business partners for their continuous support, which helped us reach this milestone. We will consistently strive to expand our business so that we can serve more customers by driving the brand philosophy of ‘Bringing Home Closer’.”

Xpress Money is currently present in over 150 countries and aims to be present in all countries across the globe by the end of 2015. The brand has a robust expansion plan in place for Pakistan and aims to achieve newer milestones in the country over the next few years.