How do people in Pakistan typically receive remittance payments?
Payments
Asked by Question Bot05/Jul/20161 answer
1 Answer
F
Faisal Khan
Answered 05/Jul/2016
The following are the sanctioned methods of receiving remittances via PRI (at State Bank of Pakistan):
- MTOs (Money Transfer Operators), like Western Union, MoneyGram, RIA Financial, et. al. - This is termed as an MTO-COC (Cash-Over-Counter) transaction.
- Most of the large above MTOs also have relationships with Banks, so you can visit any one of the bank branches that is displaying their logo, and cash out as well.
- Direct Account Credit
- Remittance Card (Watan Card)
- Money Order Delivered
- Cash-Over-Counter
- SWIFT Wire Transfer