Xoom Partners with National Bank of Pakistan (NBP) to Offer Same-Day Deposits to NBP


S an Francisco, CA: Xoom, a leading digital money transfer provider, announced in February its partnership with the National Bank of Pakistan (NBP). With this partnership, consumers can now send money to NBP accounts from the US quickly, securely, and affordably.

Deposits to NBP accounts will arrive the same day when sent Monday-Friday by 4:30 p.m., PKT. Transactions sent outside of that timeframe will arrive the next business day.

“Xoom is committed to providing the Pakistani community with the fastest and fairest way to send money to family and friends,” said Iain Allison, Senior Director of Business Development for Paypal’s Xoom Business. “Through this partnership with NBP, we’re able to better serve the community by offering even more options. And of course, consumers can always rely on our 24/7 customer service and money-back guarantee.”

The addition of NBP expands Xoom’s service in Pakistan to 25 banks, including major banks such as Habib Bank Limited (HBL), Muslim Commercial Bank (MCB), United Bank Limited (UBL), and Bank Alfalah.

“At NBP, we aim to give our customers the best financial services,” said SEVP, Group Chief of Global Home Remittances Group at NBP.

Zahid Shaheen, Vice President, Head of Financial Institutions & QAD at NBP added, “Now, through our groundbreaking partnership with Xoom, our customers can quickly receive money from their loved ones in the US in a fast and seamless way.”

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills, and prepaid mobile phone reloads for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. The company is headquartered in San Francisco and can be found online at www.xoom.com .


About National Bank of Pakistan (NBP)

Incorporated in 1949, National Bank of Pakistan (NBP) is one of the largest banks of Pakistan, having a geographically widespread online branch network. NBP is a government-owned bank (a subsidiary of State Bank of Pakistan (SBP) – Central Bank) with sound financial standing; attaining the best short- and long-term credit ratings, i.e., A1+ & AAA accordingly.

Likewise, NBP has 1,354 cash-rich nationwide branches facilitating remittance services to all the rural, semi-urban, and urban population of the county. NBP has the largest accountholder base and is the market leader in Cash Payout remittance services. For branch details you may visit our website: http://www.nbp.com.pk

The National Bank of Pakistan has remittance arrangement with 42+ remittance business banks and exchange houses across the globe. This Global Home Remittance Management Group of NBP is headed by SEVP - a seasoned and renowned banker of the banking industry of Pakistan.


Editor: Akhtar M. Faruqui
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