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Service Expansion Continues: ACE Money Transfer Adds Dubai Islamic Bank to Its Cash Pickup Network in Pakistan

23 Aug 2023

In the ever-evolving world of remittances, standing still is never an option. Starting from a small office in Bolton to serving millions of customers worldwide, ACE Money Transfer has been a major player in the global money transfer scene, offering fast, secure, and convenient services. Like overseas workers from several countries residing across the UK, Europe, Canada, Australia, and Switzerland, most overseas Pakistanis use ACE’s services to send money to Pakistan to their loved ones. Continuing its service expansion, the company has added Dubai Islamic Bank to its Cash Pickup Network, further enhancing the convenience of sending money home for worldwide Pakistani diasporas. Let’s look at how this addition will benefit the overseas Pakistani community.

The Significance of the Service Expansion 

More than 9 million overseas Pakistanis live in different countries, most of whom work abroad and transfer money back home for financial support. Sending money across borders has never been this easier before the availability of swift, reliable, and trusted digital platforms like ACE Money Transfer. The company never stops improving and enhancing its services for its global expatriate customers so they can send money home with ease and benefits. Expanding its service canvas makes ACE Money Transfer stand apart from the rest of the market. It continues to provide the customers with every possible feature that can serve its customers in the best way possible. As a testament to their commitment, ACE is now widening its reach by adding Dubai Islamic Bank to its cash pickup network in Pakistan.

Dubai Islamic Bank at a Glance

You might be thinking, "Why Dubai Islamic Bank?" Well, Dubai Islamic Bank isn't just any bank. It's a symbol of trust, reliability, and innovation in the banking sector. Established in 1975, it's one of the pioneers of Islamic banking, setting standards for others to follow.

It has a vast global network of above 500 branches across Asia, Africa, and the Middle East. The bank has more than 235 branches spread across 66 major cities in Pakistan, serving over 1.7 million customers. Out of these customers, many are the remittance senders and receivers simultaneously, and with the addition of the bank to ACE’s cash pickup network, these customers will enjoy more convenience and efficiency in cross-border transactions.

ACE’s Commitment to Convenient Money Transfer

Have you ever felt the stress of sending money abroad, hoping it reaches your loved ones safely and promptly? With ACE, such worries are a thing of the past. It’s their primary mission to make international money transfers to Pakistan as hassle-free as buying coffee from your local cafe.

Using ACE’s remittance solutions via its mobile app or website, customers can send money 24/7, from the middle of their comfort zone, or on the go. It doesn’t require any complex procedures and processes payments as fast as merely 7 seconds to let your beneficiaries receive funds in Pakistan.

Exploring the New Addition to ACE’s Network

So, what's the buzz about this new addition? Let's dive in.

Why Dubai Islamic Bank?

Reputation and Trustworthiness

When it comes to financial transactions, trust is paramount. Dubai Islamic Bank has a track record that speaks volumes about its credibility—more than 1.7 million customers already using its services show the bank’s reliability.

Wide Network in Pakistan

With a vast network of over 235 branches, it ensures that beneficiaries won't need to travel miles to collect their remittances. Overseas Pakistanis can instantly transfer their hard-earned money to any branch of Dubai Islamic Bank via ACE Money Transfer.

How Does It Benefit Customers?

Faster Transactions

Remember the days of waiting anxiously for the money to be available for pickup? Now, with this partnership, transactions are quicker than ever. Using ACE Money Transfer, your funds reach Pakistan so quickly as they show up in your beneficiary’s account within just 7 seconds.

Security Enhancements

Safety first! The collaboration ensures that your hard-earned money is in safe hands every step of the way. ACE Money Transfer and Dubai Islamic Bank are both known for their unbreakable and top-notch security protocols to ensure that you can transfer funds with complete peace of mind, no matter if money has to go across borders.

Customer Reach

Whether you're in the bustling streets of Karachi or the serene valleys of Gilgit, the expanded network ensures that cash pickups are just around the corner. Overseas Pakistanis can quickly and economically send money to Pakistan online via ACE Money Transfer to any Dubai Islamic Bank branch at the lowest costs and competitive exchange rates.

The Larger Picture - Boosting Remittance Inflows to Pakistan

Ever wondered how this fits into the grand scheme of things? Here’s how the addition can play a substantial role in ACE’s existing efforts for invaluable support to Pakistan’s economic growth.

Pakistan’s Fluctuating Remittance Landscape

With remittances playing a pivotal role in Pakistan's economy, service providers must step up their game. Though Pakistan received substantial remittances of $29 billion in FY21 and $31 billion in FY22, FY23 has seen a notable decline in the remittance inflows to the country, which has created an alarming situation for its economic growth.

Role of ACE Money Transfer

ACE, with its robust service offerings and partnerships like these, is certainly setting the benchmark high. The company has already been putting tireless efforts aligned with the vision of the Pakistan Remittance Initiative (PRI) to stimulate economic growth through regulated remittances. For this purpose, ACE Money Transfer offers the fastest, most economical, most convenient, and most secure remittance solutions to overseas Pakistanis so that they can send money home instantly with ease and benefits and play their part in the national interest.

The Global Money Transfer Scene - Where Else Does ACE Serve?

While Pakistan is an essential market, let's not forget that ACE operates on a global scale. This move is just a piece of their larger vision – to become the most preferred money transfer service worldwide. 

ACE’s fast, convenient, and economical money transfer solutions through its mobile app and website are readily available for overseas expat workers living in 28 different countries across the UK, Europe, Canada, Australia, and Switzerland. These expat workers belonging to several low-to-middle-income countries can swiftly send money to their loved ones in more than 100 countries worldwide.

What's Next for ACE Money Transfer?

If you think this is where the road ends, think again. ACE Money Transfer, with its relentless drive for innovation, will undoubtedly continue to forge partnerships and expand its horizons.

Like always, the company is working continuously to bring more reward campaigns to encourage global expatriates to use regulated channels for transferring funds back home from abroad. Besides, ACE will continue expanding its service canvas with more enhancements in its network, features, and benefits for customers to serve them the best way they expect.

The Way Forward

In a nutshell, the addition of Dubai Islamic Bank to ACE Money Transfer's network is not just a testament to their commitment but also a beacon of hope for millions who rely on remittances. With both giants joining hands, the future of money transfers looks brighter than ever! So join ACE Money Transfer for an instant, secure, and economical online money transfer to Pakistan from abroad whenever you need to support your family financially.


What is ACE Money Transfer?

ACE Money Transfer is a leading global money transfer service known for its quick, safe, and convenient transactions.

How will the partnership with Dubai Islamic Bank benefit customers?

Customers can expect faster transactions, enhanced security, and a wider reach in Pakistan for cash pickups

Is Dubai Islamic Bank a trusted institution?

Absolutely! Established in 1975, Dubai Islamic Bank is a trusted name in banking, known for its reliability and innovation.

Does ACE Money Transfer have plans for further expansion?

While specific plans are proprietary, ACE, with its track record, is expected to keep growing and forging new partnerships.

Are transactions through ACE Money Transfer safe?

Yes, ACE prioritises security, ensuring that all transactions are protected and trustworthy. It uses end-to-end encryption that protects users’ privacy and information.


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