Bank Alfalah and TerraPay to Launch Home Remittance Service to Pakistan

Bank Alfalah Limited (the Bank) is a banking company. It operates through seven segments: Retail, Corporate, Islamic, Treasury, Digital, Overseas, and Others. Its Retail segment includes loans, deposits, trade, wealth management and other banking transactions. Its Corporate segment comprises of loans, deposits, project financing, investment banking and other banking activities. Its Islamic segment pertains to full scale Islamic Banking operations of the Bank. Its Treasury segment includes liquidity management activities carried out through borrowing, lending, money market, capital market, FX, and merchant banking operations. Its Digital segment includes branchless banking accounts, deposits and lending products, digital channels, corporate, G2P & SMME portfolio, digital payments, and digital products. Its Overseas segment comprises of business activities related to Bank’s overseas operations. It has a network of approximately 942 branches and 15 sub-branches in the country.