ACE Money Transfer, a leading global fintech company, has been recognized by the State Bank of Pakistan (SBP) as the fourth-largest global fintech by remittance volumes to Pakistan. This prestigious award was presented at the 4th Pakistan Remittance Summit 2024, held in Rome, Italy.
The recognition solidifies ACE Money Transfer’s position as a key player in Pakistan’s remittance sector. The company has been instrumental in promoting legal remittance channels and contributing to the country’s economic growth by facilitating secure, cost-effective, and efficient money transfers for millions of overseas Pakistanis.
Pakistan remains one of the world’s largest recipients of remittances, with these funds playing a vital role in economic stability. In October 2024, remittances to Pakistan increased by 24% to reach $3.052 billion. ACE Money Transfer’s innovative approach and commitment to customer satisfaction have made it a preferred choice for many expatriates.
Rashid Ashraf, CEO of ACE Money Transfer, expressed gratitude for the recognition, stating “We are committed to contributing more to Pakistan’s economy and providing innovative solutions to the whole world, bringing Pakistan to the center of the world through advanced technological remittance solutions.”
