Remittance service: Bank of AJK becomes MoneyGram agent

KARACHI: KASB Bank, as a super agent of MoneyGram International, has appointed Bank of Azad Jammu & Kashmir as agent for MoneyGram in Pakistan, says a press release. MoneyGram International is a leading global money transfer company based in the United States. It operates via an agent network of around 267,000 locations in 192 countries and territories worldwide. KASB Bank and Bank of Azad Jammu & Kashmir signed the agency agreement recently, which empowers the latter to handle and process inward remittances routed via MoneyGram International from around the globe. According to the release, the agreement will allow KASB Bank and Bank of Azad Jammu & Kashmir to better serve the people of AJK, both in Pakistan and abroad.

Published In The Express Tribune, June 21^st, 2012.