AFTAB CURRENCY EXCHANGE LIMITED Company Registration No. 4502952 FCA Reference No. 506692 HMRC Reg No. 12120852
About Us

Aftab Currency Exchange Limited, is a UK incorporated Company that is part of the well- established Aftab Group of Companies and has been operating in the North West of England since 2002. Our head office was the starting point of the UK success story when we commenced business with retail clients and two business associates, but after obtaining our Authorized Payment Institution (API) from Financial Conduct Authority (FCA) our company is now set to become a global name specializing in payment services.

Vision

Aftab Currency Exchange Limited has a vision to become a global market leader in the money transfer business and the first choice of its intended customers and for those who wish to support less fortunate people around the world where money transfer is the only option to reach them.

Mission

Provide opportunities for growth and enrichment to our business partners and the communities in which we operate by providing extensive global network to recognize as one of the most innovative money transfer company in all around the world. We are determined to achieve these goals by associating with market leading financial institutions and involving extensive and innovative research that can lead new services into the market.

Our Legal Affiliations

Our Legal Status

Aftab Currency Exchange Limited is incorporated and regulated by following authorities:

United Kingdom Companies House UK (4502952) Financial Conduct Authority – FCA (506692) Her Majesty Revenue and Customs – HMRC (12120852) EEA States Regulators Italy: Bank of Italy Spain: Bank of Spain Germany: Bafin (Federal Financial Supervisory Authority) Ireland: Bank of Ireland Greece: Bank of Greece Portugal: Bank of Portugal France: ACPR (Autorité de Contrôle Prudentiel et de Résolution) Netherlands: Bank of Netherlands Denmark: Danish Financial Supervisory Authority Sweden: Finansinspektionen Norway: Finanstilsynet (The Financial Supervisory Authority of Norway) Executive Management Mr. Aftab Ashraf (Chairman) Mr. Rashid Ashraf (CEO) Mr. Tariq Mehmood (Director) Our Presence in Sending Countries 24 Sending Countries [UK & EEA] Physical Sending Locations: 1000+ in UK & EEA Company Owned Branches: 11 Physical Operations Territory: 11 Countries [UK & EEA] Virtual Operations: 13 Countries Online Customers: Approx. 50,000 Registered Customers: Approx. 1+ million Our Products and Services for Beneficiaries

Payout Territory: Asia, Africa, Europe, Middle East, Latin America

ACEL provides its registered customers with the ability to send funds to designated beneficiaries in Europe, Asia, Middle East, Africa and Latin America.

[The available options to receive monies in the payout territories are mentioned below]

Cash Over Counter:Beneficiaries receive the funds through cash over the counter transactions through the branches of blue chip banks and other highly reputed financial institutes being remitted payout partner of the ACE.
Cash Pick Up
  • Instant Collection
  • Wide range of Pay-out Network
  • Unique Group Pin Facility
  • Flexible Pay-out Timings
  • SMS Alerts
  • Dedicated Customer Support 24/7
DD – Direct Deposit into Bank Account: Beneficiaries have always an option to receive monies directly into their bank accounts maintained with any commercial bank in the country. ACE offers the bank deposit facility into all commercial banks in the payout country under the remittance payout partnership with any blue chip commercial bank.
Direct Bank Deposit
  • Availability of all Commercial Banks
  • Wide range of Pay-out Network
  • RTGS Facility
  • Instant Bank Deposit within 3-4 Hours
  • SMS Alerts
  • Dedicated Customer Support 24/7
Our Extensive Payout Network 93 Payout Countries 275,000+ Payout Locations Asia Africa Europe Middle East Latin America Our Payout Partners
S.#. Partner Name Payout Corridor
1 Muslim Commercial Bank Pakistan
2 Bank of Punjab Pakistan
3 JS Bank Limited Pakistan
4 Allied Bank Limited Pakistan
5 Bank Alfalah Limited Pakistan
6 United Bank Limited Pakistan
7 Earthport PLC Europe / Multi Corridors
8 Royal Exchange (USA) Inc India
9 SouthEast Bank Limited Bangladesh
10 Islami Bank Bangladesh Limited Bangladesh
11 Brac Saajan Exchange Ltd Bangladesh
12 U-Remit International Limited Middle East
13 Smith & Smith Romania
14 Al-Ansari UAE
15 Rapid Kenya
16 Money Express Africa
17 Wari Ltd Senegal / Africa
18 Mea Finance Morocco
19 Dirham Express Morocco
20 Metro Bank Philippines
21 BDO Bank Philippines
22 UCPB Philippines
23 Jalloah Enterprises Senegal / Africa
24 Weblink International Limited Nigeria
25 B Transfer Services Limited Nigeria
26 Novatia Limited Nigeria
27 Kapook UK Ltd. Thailand
28 G.M.E Remit Pvt Ltd Nepal
29 Citizens Bank International Ltd Nepal
30 Sampath Bank PLC Sri Lanka
31 Yonna Frox Limited Gambia
32 More Money Transfers SA Latin America
In House Departments 1- Finance & Accounts Department 2- Treasury Department 3- Credit & Debt Management Unit 4- Compliance Department 5- Operations Department 6- Corporate Operations & Sales Department 7- Relationship Department 8- Creative Department 9- Human Resource Department 10- Admin Department 11- Service Desk Department 12- IT Department 13- Customer Care Department 14- Internal Audit Department 15- Agent Sales Department