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How To Send Money Online 24/7 In The Roshan Digital Accounts Through ACE Money Transfer?

How To Send Money Online 24/7 In The Roshan Digital Accounts Through ACE Money Transfer?

10 Aug 2021

Roshan Digital Account is the latest digital initiation for people from Pakistan and who live overseas. It is from the State Bank of Pakistan. It aims to enable and facilitate overseas Pakistanis to invest, pay and bank in any country.

Having millions of Pakistanis living beyond the border is a dynamic and essential push for a prosperous and developed Pakistan. We will also talk about how to transfer money to Roshan digital account and get you started with the transfer right away. 

A total of 8 commercial banks have now become part of this huge initiative. Let's talk about Roshan Digital Account Initiations. 

What is Roshan Digital Account?

As I said previously, the Roshan Digital Account is a drive to boost the economy of Pakistan by bringing foreign investment through Overseas Pakistanis. The account may help overseas Pakistanis to invest, bank actively, and send money to Pakistan without being there in person.

The initiative was jointly carried out by eight commercial banks under the State Bank of Pakistan umbrella now offering the Roshan Digital Account Service. However, each bank's process may vary as per their policies. 

How can I send money to Roshan Digital Accounts using ACE Money Transfer?

To send money online, all you need to do is follow these steps:

  • Create an account using the ACE Money Transfer website portal or app 
  • Complete your profile using basic details and identification documents 
  • Choose your Pakistan’s desired payout option and also enter the recipient’s details 
  • Pay for your transaction using your Debit, Credit Card or your   Bank Account. 

That's it. Your money will be moved from your endpoint to your receiver and you will also be notified all along. 

So what kind of information does my receiver need to pick this money up?

For payment collection, the recipient must provide the following details:

- Transaction number

-  Valid national ID card of Beneficiary of Pakistan

What are the advantages of transferring money to Roshan digital account?

In Pakistan, the digital era has opened up many significant opportunities by extending an innovative banking solution set for Overseas Pakistanis living outside of Pakistan. Technological innovations have truly revolutionized the banking industry, covering many services. 

- Compete for a digital account:

Roshan Digital Accounts is a complete digital solution. From creating an account to managing the services offered, this initiative is supported by many FinTech players in the industry to accommodate overseas Pakistanis.

The Roshan Digital Account allows expatriates to make their payments to people and funds withdrawals in Pakistani currency. 

- Swift account creation:

Overseas Pakistanis may create a Roshan Digital Account without being physically there at a selected bank. Individuals may obtain a verified account within only 48 hours after actively submitting the required documents. 

- No minimum balance requirements:

Roshan Digital Account holders may withdraw funds without even worrying about retaining the lowest minimum balance. Take, for example, if an account holder wishes to withdraw all of the funds from a digital account, they may do so without any restrictions of retaining a specific amount to keep their account active. 

- Easy investments in real estate:

In association with the State Bank of Pakistan, the Government of Pakistan has now inaugurated a service that contributes to quick and effortless real estate investments. The smallest period needed to invest in real estate is three years. After completing this time, the investor can make investments in the real estate market. 

These are the many benefits of transferring money to Roshan digital account, and you must be prepared to avail yourself of all of its services; hence get ahead. Use ACE Money Transfer to proceed with all of your payments.


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