Leading financial service provider in the United Arab Emirates (UAE), LuLu Exchange enters a lucrative partnership with one of the largest private banks in Pakistan — Bank Alfalah. This partnership will facilitate faster, affordable, and transparent cross-border remittance payments from the UAE to Pakistan via the RippleNet platform.
On this note, Bank Alfalah’s partnership with RippleNet will aid in deepening their alliance with Lulu Exchange. It will further strengthen the financial bridges between Pakistanis 15 percent population residing in the UAE and their families back home.
For LuLu Exchange, Pakistan remains a key payments corridor, says MD, Adeeb Ahamed. Also, LuLu believes that the partnership with Bank Alfalah and RippleNet will help open new opportunities for them.
Speaking on their long-standing relationship with LuLu Exchange, the Managing Director of RippleNet in APAC and MENA, Brooks Entwistle says they are excited to partner with Bank Alfalah and long-standing customer Lulu International Exchange. Moreover, the partnership will bring faster, cheaper, and more efficient cross-border payments to Pakistan.
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Source: Cryptocurrency - investing.com
