Faysal Bank Limited - First bank in Pakistan to partner with Ripple to offer instant cross border home remittances - Press Release issued by Faysal Bank Limited.

Karachi -- September 06, 2019 (PPI-OT)

Following is the text of press release issued by Faysal Bank Limited

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Faysal Bank Limited (FBL) continues to introduce digitally enabled solutions for its customers through partnering with Ripple, a globally recognized company for fast, secure and convenient cross border payments service. This agreement which was signed recently in Karachi, under the leadership of Mr. Yousaf Hussain, President and CEO - Faysal Bank Limited, Faysal Bank has become the first bank in Pakistan to join the growing network of Ripple globally. The ceremony was attended by senior management of both organizations.

This agreement will improve FBL home remittances customers' experience through instant fund transfers with end-to-end tracing and tracking solutions which is available currently in global and some GCC markets including UAE and Saudi Arabia.

FBL Head Corporate and Investment Banking, Mr. Ali Waqar said: "In line with our vision for excellence in all that we do, we are delighted to join Ripple and access the fast-growing network that connects its members and other financial institutions. It is coherent with Faysal Bank Limited...