SBP recognises ACE Money Transfer contributions

KARACHI: ACE Money Transfer, a global leader in the remittance industry, has been honoured by the State Bank of Pakistan (SBP) as the fourth largest global fintech by remittance volumes to Pakistan. This prestigious recognition was conferred at the 4th Pakistan Remittance Summit 2024 held in Rome, Italy.

The award underscores ACE Money Transfer’s significant contribution to the economy by facilitating secure, efficient, and cost-effective remittance services for millions of overseas Pakistanis. By leveraging cutting-edge technology and a robust global network, the company has emerged as a key player in the global remittance industry.

Pakistan, as one of the world’s top remittance-receiving countries, benefits immensely from the inflow of funds sent by its diaspora. In October 2024, remittances to Pakistan surged by 24 per cent to reach a substantial $3.05 billion. ACE Money Transfer’s innovative solutions have played a vital role in driving this growth and supporting economic development.