Faysal Bank Limited - First bank in Pakistan to partner with Sentbe to offer instant cross-border home remittances.

Faysal Bank Limited (FBL), a leading name in Pakistan's banking industry, announced a partnership with Sentbe, a South Korea based fintech money transfer service, for the remittance and real-time payment service.

Among approximately 10,000 Pakistanis residing in South Korea, over 50 percent are using Sentbe service, with Sentbe being an essential application for many migrants making money-transfers to their loved ones in their countries of origin. The collaboration between Sentbe and FBL has been established with the shared vision for faster and safer payment and remittance services.

Through this partnership, Sentbe will establish brand trustability and enhance accessibility and convenience of the remittees in Pakistan. Leveraging the local channels of Faysal Bank, Sentbe will provide a safe remittance service that enables instant fund transfers between South Korea and Pakistan. Sentbe has become the first South Korean fintech remittance company to sign the partnership with Faysal Bank.

FBL Head Corporate and Investment Banking, Ali Waqar said: "In line with our vision for excellence in all...