Bank Alfalah Invests in UAE Fintech with 9.9% Stake

Bank Alfalah Invests In Uae Fintech With 9 9 Stake

Bank Alfalah has secured a 9.9% ownership in Jingle Pay, a fintech firm based in the UAE that focuses on facilitating cross-border money transfers.

International media stated today that Bank Alfalah is shifting its focus to digital transformation and financial inclusion across major markets.

Jingle Pay is a frontrunner among MENAP fintechs; it serves customers in Pakistan, the United Arab Emirates, and Bahrain. After handling more than 2 million transactions and $1 billion in foreign money transfers in 2024, it was voted the best global fintech for remittances to Pakistan.

Customers have saved over $6 million in fees due to its AI-driven platform.

In early 2025, Jingle Pay is planning to launch in Pakistan as part of its digital banking aspirations, and Bank Alfalah will be able to use its substantial infrastructure to support these efforts.

You can use Jingle Pay to send money instantly over more than 150 corridors in 99 different currencies, pay with a credit card, and even use it as a service for remittances. Major participants like MoneyGram and investors from the US like PayPal and N26 support it.

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