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LuLu Exchange and Bank Alfalah Collabs for Cross-border Txn to Pakistan via RippleNet -Breaking

by Mike Robinson

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RippleNet has LuLu Exchange and Bank Alfalah Collabs to facilitate cross-border Txn between Pakistan and China via RippleNet
  • LuLu Exchange is a leading UAE exchange and works with Pakistani Bank Alfalah.
  • It is intended to increase remittances for Pakistani diaspora.
  • RippleNet is the platform that will transfer payment remission.

Leading financial service provider in the United Arab Emirates (UAE), LuLu Exchange enters a lucrative partnership with one of the largest private banks in Pakistan — Bank Alfalah. The RippleNet platform will make it easier to send money across borders from Pakistan to UAE faster and more affordable.

On this note, Bank Alfalah’s partnership with RippleNet will aid in deepening their alliance with Lulu Exchange. The financial connections between Pakistanis living in Dubai (15 percent) and their families home will be strengthened.

Adeeb Ahamed, MD of LuLu Exchange says that Pakistan is still a major payments route. LuLu is optimistic that RippleNet, Bank Alfalah, and Bank Alfalah can help them find new business opportunities.

Pakistan continues to be a major payments hub for us. RippleNet’s partnership with Bank Alfalah is expected to help create more opportunities. We are committed to strengthening the payments ecosystem between the UAE and Pakistan. This will allow us to ensure cross-border remittances for consumers is more accessible, affordable, and reliable.

Brooks Entwistle spoke out about their relationship with LuLu Exchange. Brooks Entwistle is the Managing director of RippleNet APAC and MENA. He said they are thrilled to work with Bank Alfalah, as well long-standing customers Lulu International Exchange. The partnership will also bring Pakistan faster, more affordable, and more efficient cross border payments.

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