Using a large global remitter
is also not an option for Ali.
had poorer performance in several domains of cognition, including episodic memory, attention and working memory, and processing speed than early remitters
SunGard offers a common remitter
solution through its Relius system.
This sea change in the approach is being manifested here today when we are launching Pakistan Remittance Initiative with a view to discharge government responsibility to provide safe, cheap, and efficient remittance delivery channels to overseas Pakistanis to send their funds back home,' 1 he said and added that the real motivation is not the collection of additional foreign exchange rather to provide for facilitation to the remitters
and their families back home.
In addition the remitter
is also provided with a SMS feedback once the beneficiary account is credited.
The company services also include India corridor, credit to SBI accounts through SBI Express within hours with a confirmatory SMS to the beneficiary in India and remitter
in Oman; credit to State Bank of Travancore accounts within hours with an SMS confirmation to the remitter
; credit to the accounts of all banks in India within 24 hours through
can therefore avail of this life insurance scheme free of cost for as long as he/ she wishes by simply remitting money on a monthly basis through Xpress Money, irrespective of the amount transacted.
With HDFC IndiaLink, the Company is now offering the following services: Credit to HDFC accounts within hours with a confirmatory SMS to beneficiary in India as well as remitter
in Oman; Credit to the accounts of all public sector and private banks in India within 24-48 hours depending upon RTGS or NEFT transaction with an confirmatory SMS.
Regardless of the motive to remit, the amount remitted is determined by the economic fortunes of the remitter
and the recipient, among other variables.
Further dilating upon the incentive, Ambassador Khan said that the loan in national currency equivalent to 10% percent of the amount remitted by overseas Pakistanis in one year would be sanctioned through one window system for which the remitter
would be required to submit attested proof of amount remitted, copy of NICOP, passport and undertaking to the effect that loan would be returned in five years.
International remittances from abroad into accounts domiciled [here] after the grace period will be processed with delays and additional processing fees if the IBAN is not provided by the remitter
," added Robert Thomson, chief manager for information technology at the Central Bank of the UAE.
The free-of-charge Fast Cash, which ensures instant transfer of funds to the beneficiaries in Pakistan, requires no bank account for either the remitter
or the beneficiary.