8th January, 2020: JS Bank and Al Ansari Exchange signed a memorandum to ensure that the money of our valuable customers gets to its destination as quickly as possible and at great exchange rates, backed by a robust, secure and swift infrastructure.
The agreement was signed by Basir Shamsie, President and CEO – JS Bank and Rashed Al Ansari, General Manager – Al Ansari Exchange. Also present were teams from both teams. This will allow both entities to facilitate remitters and beneficiaries of home remittances in a smooth, efficient and reliable manner, through a globally licensed solution present in over 60 countries.
At the occasion, Basir Shamsie commented, “JS Bank’s agreement with one of the leading exchange companies in the GCC, will support millions of Pakistanis working abroad, and help the Pakistani economy boost its remittance proceeds. JS Bank is fully cognizant of the critical role of home remittances in strengthening the economy of Pakistan.”
Rashed Al Ansari, commenting on the occasion said, “We are strong supporters of the Pakistani economy, and we will continue to make efforts to help enhance the customer experience for both senders and receivers of remittance transactions. In JS Bank, we have always found a reliable partner, completely invested in our mutual goal of facilitating expatriate populations and their families around the world.”
Committed towards its role as a catalyst towards the progress and prosperity of Pakistan, the Bank hopes to continue this journey of value-added offerings and services.
About JS Bank:
JS Bank is one of the fastest growing banks in Pakistan, with 360 branches in 180 cities including one international branch. The Bank is a leader in the digital banking space and distribution of insurance solutions. JS Bank has been recognized on multiple international and national forums including the prestigious AsiaMoney, Asian Banking and Finance, DIGI and Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.
About World Wise Cash Express:
Expanding on its marvelous achievements in serving the remittance industry across UAE, Al Ansari Exchange has launched World Wide Cash Express, a globally licensed product, present in 60 countries and have a network of over 200,000 pay-out locations. With more than 200 correspondent agents all around the world, Cash Express will help the company substantially enhance its transactional footprint across the globe.