KARACHI: Dubai Islamic Bank Pakistan (DIBPL) and Ria Money Transfer (‘Ria’) the third largest money transfer company in the world, have partnered to offer money transfer pay-out services in Pakistan. The agreement allows customers from all over the world to send money to their beneficiaries in Pakistan through Dubai Islamic Bank Pakistan, with greater convenience for their family and friends. Beneficiaries can now collect cash in minutes from 238 locations without the need for an account, while Dubai Islamic Bank Pakistan account holders can also receive funds directly to their bank account. “DIB Pakistan, as a major player in Pakistan Banking Industry’s Remittance Business, is excited to partner with Ria to further enrich our customer touch-point channels and bring convenience to all home remittance beneficiaries who receive funds from Pakistani expats all over the world through our network of 238 locations across Pakistan,” said Mr. Junaid Ahmed, CEO of Dubai Islamic Bank Pakistan. “I’m confident that our Bank’s sustainable partnership with Ria will boost the remittance volumes in Pakistan by focusing on our individual strengths.” Ria’s CEO and President, Juan Bianchi, added, “Ria’s agreement with Dubai Islamic Bank of Pakistan provides more choice for Pakistanis living abroad to send money home. We are pleased to start this partnership and provide our fast, secure and affordable services which will benefit loved ones of Pakistani expats in this top 10 remittance receiving country.”