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Meezan Bank Limited in its pursuit to explore the initiative under the aegis of State Bank of Pakistan and Pakistan Remittance Initiative (PRI) and started Home Remittance Business. Meezan Bank is providing a fully automated, end-to-end solution and state-of–the-art remittance service known as Meezan Express to facilitate Home Remittances sent to Pakistan by Expatriate Pakistanis/ Non Resident Pakistanis (NRPs). Meezan Bank has been significantly important in originating home remittance to Pakistan, and is continuously working to develop innovative ideas for maximizing its reach to all Pakistanis abroad.
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Meezan Bank’s real-time online branch network is fully capable and geared to provide domestic distribution of remittances to beneficiaries receiving money in Pakistan. A payment can therefore be collected by a beneficiary from any of our branches, being real time on-line also gives us the advantage to centrally manage and process incoming instructions, thus making the end-to-end process simple and efficient and giving us the opportunity to provide single window service and support to our partners/correspondents as well. There are four modes of payment to facilitate beneficiaries of Home Remittances:-
Meezan Bank’s real-time online branch network is fully capable and geared to provide domestic distribution of remittances to beneficiaries receiving money in Pakistan. A payment can therefore be collected by a beneficiary from any of our branches, being real time on-line also gives us the advantage to centrally manage and process incoming instructions, thus making the end-to-end process simple and efficient and giving us the opportunity to provide single window service and support to our partners/correspondents as well. There are four modes of payment to facilitate beneficiaries of Home Remittances:-
- Cash Payments Over the Counter up to PKR 500,000/- Remittance can be received from any branch of Meezan Bank, in cash instantly, without beneficiary having any bank account.
- Remittance can also be credited to beneficiary's account in real time, swiftly.
- Other Bank’s beneficiaries Payments can be made via issuance of Meezan Express Cheque and through Real Time Gross Settlement System (RTGS) for onward credit to beneficiary's account maintaining with PRI Participating Banks.
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