LAHORE (PR) - National Bank of Pakistan and Placid Express have signed a memorandum of understanding (MoU) for managing home remittance payments in Pakistan.

Placid Express is a renowned Money Transfer Operator (MTO) having its presence in Central Asia, Asia Pacific, European and North American Regions. On the occasion, Khalid bin Shaheen, SEVP/Group Chief NBP, said, “The Pakistani diasporas residing in USA, UK, Italy, Spain, Malaysia and UAE shall be able to send money to their loved ones within minutes that can be collected from 1277 NBP nationwide branches. NBP is constantly working to boost its services and expand its correspondent network all over the world to achieve greater customer satisfaction. Cash over Counter Remittance can be collected instantly from any of the NBP nationwide branch by using Foree Cash Service without having a bank account with us. NBP Foree Transfer Service offers credit to the individual’s account with NBP as well any other bank in Pakistan”.

Placid is specifically focused in serving Pakistani migrant workers and is already popular for its outbound remittance services in USA, UK, Italy, Spain, Malaysia and UAE. Placid’s remittance branches and money booking agents are widely dispersed operating 365 days, and offers speedy, secure and safe remittance services.