Doha Bank has forged a partnership with Habib Bank Limited (HBL), one of the leading commercial banks in Pakistan, to offer on-the-go remittance solutions to Pakistani expats residing in Qatar. The move aims to demonstrate the bank’s commitment to adopting new technologies aimed at providing its customers with convenient and cost-effective services.
To promote digital remittance amongst its customers, Doha Bank’s collaboration with HBL will give its Pakistani customers the access to remit money to Pakistan whenever and wherever they want by registering for International Money Transfer via Doha Bank’s mobile app and online banking portal.
The new online service will enable Doha Bank customers to transfer money to Pakistan where the beneficiary can collect cash from more than 1,700 HBL branches across Pakistan. The customers can transfer money instantly to their HBL accounts and to their other Pakistani bank accounts usually within one hour, through HBL’s IBFT (interbank funds transfer) facility in Pakistan.
Under Pakistan Remittance Initiative (PRI), Doha Bank’s Pakistani customers will enjoy free-of-charge service on remittances valued over $100 to Pakistan. For remittances below $100 or multiple same day remittances, charges will apply as per PRI conditions.
The partnership with HBL is set to benefit the Pakistani community in Qatar by providing them with the right products and services, to help them meet their banking needs in Pakistan and remit money to their home country, in a quick and convenient way.
“We are very pleased to be partners with Habib Bank Limited. HBL’s commitment to providing a reliable and compliant process that complements our competitive strength makes them an excellent partner to work with on developing and expanding our cross-border remittance services. Doha Bank is committed to bringing forth the latest technologies to create a simple, convenient and cost effective banking experience for our customers,” said Doha Bank CEO Dr Seetharaman in a statement.
Doha Bank offers a secure, fast, and easy way of sending money via Doha Bank mobile App and online banking portal to over 200 countries and direct online remittances to India, Sri Lanka, Lebanon, The Philippines, Nepal, and Pakistan in a cost-effective manner.