MEDIA RELEASE UBL UK Launches UBL Omni –Agent Based Money Transfer Service LONDON, 05 MARCH 2014 – United Bank UK (UBL UK) – a subsidiary of United Bank Limited and National Bank of Pakistan – today launched its agent-based money transfer service, UBL Omni. UBL UK is the first UK regulated bank which is offering a money transfer service through a network of authorised agents. This service will enable the Pakistani diaspora living in the UK to transfer money within minutes to their loved ones in Pakistan. Currently only offered to Pakistan, this is a vital service for those who do not have access to banking, or to the internet. Through this facility, the customers can make remittances at competitive exchange rates from their nearest agent without paying a fee. What’s more, the beneficiary can receive cash in Pakistan within minutes at more than 1,200 UBL Pakistan branches or receive direct credit in account at any of the 38 banks operating in Pakistan or through more than 6,500 ATMs. The launch ceremony of UBL Omni was held at the Millennium Hotel Mayfair in London. Sir Anwar Pervez OBE HPk – Chairman BESTWAY Group and UBL Pakistan – was the guest of honour. Present on the occasion were Zameer Choudrey – CEO BESTWAY Group; Atif Bokhari – President United Bank Limited (UBL); Mansoor M Khan – CEO UBL UK and other notable dignitaries from all over the city. “UBL UK continues to build upon its successful presence in the UK money transfer market, specializing in the UK to Pakistan corridor” said Zameer Choudrey – CEO BESTWAY Group. He further stated; “UBL Omni aims to make the service more accessible to overseas Pakistanis and to further strengthen the ties between the Bank and the community. We are also leveraging our relationship by encouraging BESTWAY Retailers to become part of UBL Omni network.” Atif Bokhari – President, UBL said: “United Bank Limited processes the highest number of remittance, both transaction and volume wise, in Pakistan. It is the only commercial bank in Pakistan that has taken the lead in setting up a new business model benchmark for the global branchless banking industry. United Bank Limited will continue its support for UBL UK.” Speaking to the media, Mansoor M Khan, CEO UBL UK said, “Customers want a convenient and effortless service. UBL UK has launched a smooth and seamless agent based remittance service that aim to fulfill all customer needs. UBL Omni is a fast, secure and convenient channel to remit money and beneficiaries can now receive transfers within minutes. The agent network will continue to expand while we endeavor to bring an agent to a customer’s locality.” “-30-“ About UBL UK: Formed in 2001, UBL UK is a result of the merger of the UK branches of two Pakistani banks, United Bank Limited and National Bank of Pakistan, who had been operating in the UK since the mid-1960s. National Bank of Pakistan is the largest bank in Pakistan, and is owned by the Government of Pakistan. United Bank Limited is the second largest private bank in Pakistan, whose main shareholder is Bestway Group. UBL UK has six branches located in Central London, Ilford, Bradford, Birmingham, Manchester and Glasgow. United Bank UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. United Bank UK adheres fully to UK banking and privacy laws. Media Contact: Farzad Saood Jan Marketing Department Email: [email protected] United Bank UK and UBL UK are the trading names of United National Bank Limited. United National Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The company is registered in England & Wales and its Registered Office is at 2 Brook Street, London, W1S 1BQ. The company’s registration number is 4146820.
© Copyright 2024 ExpyDoc
