Consumers can now deposit Pakistani rupee into NBP accounts from the U.S.

Xoom, a leading digital money transfer provider, today announced its partnership with National Bank of Pakistan (NBP). With this partnership, consumers can now send money to NBP accounts from the U.S. quickly, securely, and affordably.

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Deposits to NBP accounts will arrive the same day when sent Monday-Friday by 4:30 p.m. PKT. Transactions sent outside of that timeframe will arrive the next business day.

“Xoom is committed to providing the Pakistani community with the fastest and fairest way to send money to family and friends,” said Iain Allison, Senior Director of Business Development for Xoom. “Through this partnership with NBP, we’re able to better serve the community by offering even more options. And of course, consumers can always rely on our 24/7 customer service and money-back guarantee.”

The addition of NBP expands Xoom’s service in Pakistan to 25 banks, including major banks such as Habib Bank Limited (HBL), Muslim Commercial Bank (MCB), United Bank Limited (UBL), and Bank Alfalah.

Zahid Shaheen, Vice President, Head of Financial Institutions & QAD at NBP added, “At NBP, we aim to give our customers the best financial services. Now, through our groundbreaking partnership with Xoom, our customers can quickly receive money from their loved ones in the U.S. in a fast and seamless way.”

Xoom makes it secure and convenient for Pakistanis in the U.S. to send money from their computer, tablet, or mobile phone. When paying with a bank account, consumers can send up to $1,000 for just $4.99, and transfers over $1,000 are fee-free. Consumers can also download Xoom’s app for Android and iOS to send money on-the-go. For more information, visit www.xoom.com/pakistan/send-money.

About Xoom

Xoom, a PayPal service, is a leading digital money transfer provider that enables consumers to send money, pay a bill or reload a cellphone for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. The company is headquartered in San Francisco and can be found online at www.xoom.com.

About National Bank of Pakistan (NBP)

Incorporated in 1949, National Bank of Pakistan (NBP) is one of the largest banks in Pakistan, having geographically widespread online branch network. NBP is a government-owned bank (a subsidiary of State Bank of Pakistan (SBP) – Central Bank) with sound financial standing; attaining the best short- and long-term credit ratings i.e. A1+ & AAA accordingly.

Likewise, NBP has 1,354 cash-rich nationwide branches facilitating remittance services to all the rural, semi-urban, and urban population of the country. NBP has the largest accountholder base and is the market leader in Cash Payout remittance services. For branch details you may visit our website: http://www.nbp.com.pk

The National Bank of Pakistan has remittance arrangement with 42+ remittance business banks and exchange houses across the globe. This Global Home Remittance Management Group of NBP is headed by SEVP - a seasoned and renowned banker of the banking industry of Pakistan.

XoomKathy Chui, 408-218-9257xoom@mslgroup.com

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