Tech Desk 
Nov 30, 2024
The State Bank of Pakistan (SBP) has recognised ACE Money Transfer, a global leader in remittance services, with a prestigious award for being the fourth-largest Global Fintech for Remittance Volumes to Pakistan. This accolade reaffirms ACE’s position as a key player in Pakistan's remittance sector.
The award was presented at the 4th Pakistan Remittance Summit 2024, held in Rome, Italy, which was attended by global financial stakeholders and industry leaders.
ACE Money Transfer has played a pivotal role in promoting legal remittance channels and strengthening Pakistan’s economy through the consistent flow of financial resources. This recognition from the SBP highlights the company’s growing influence and its commitment to delivering cost-effective and efficient remittance solutions for millions of overseas Pakistanis.
Pakistan ranks as the world’s fifth-largest recipient of remittances, with expatriates playing a crucial role in the country’s financial sustainability. In October 2024, remittances to Pakistan surged by an impressive 24%, reaching $3.052 billion.
Through its innovative approach, underpinned by advanced technology and a foundation of trust, ACE Money Transfer has established itself as a significant facilitator of these inflows. The company has empowered millions of Pakistanis worldwide by ensuring secure and seamless transactions.
Rashid Ashraf, CEO of ACE Money Transfer, stated: “This prestigious award from the State Bank of Pakistan is a testament to our commitment to supporting millions of Pakistanis and other expatriates worldwide. We enable them to transfer funds home securely, ensuring a better quality of life for their loved ones. We remain dedicated to furthering Pakistan’s economic growth and providing innovative solutions globally, positioning Pakistan at the forefront of advanced technological remittance services.”
