Habib Bank, Pakistan Post enters 20-year strategic alliance

Pakistan Post digitizes through strategic alliance and franchising: linking fast migrant remittances from anywhere in the world to anywhere in rural Pakistan.

Pakistan Post concluded in June 2020 a strategic partnership with Habib Bank – a leading bank in Pakistan – to expand into digital financial services, including remittances. Habib Bank will invest US$700 million in digitizing the postal network. In June 2020, it drew up an agreement with Transfast for digital, low-cost remittances, especially from the Middle East to Pakistan. Also in June 2020, Pakistan Post launched a pilot to expand its existing network of 13,000 with 125,000 digital franchise post offices. Eventually, many small merchants could become digital franchisers of Pakistan Post, enabling access anywhere to anyone.

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