Bank Alfalah Acquires Stake in Jingle Pay, Strengthening Digital Banking and Remittance Services
Bank Alfalah has acquired a 9.9% stake in Jingle Pay, a UAE-based fintech specializing in cross-border remittances. The partnership will enhance Bank Alfalah’s digital transformation and support Jingle Pay’s expansion, including a planned launch in Pakistan in early 2025. Jingle Pay processed $1 billion in remittances in 2024.
