The Importance of Proper Remittance Channels to Pakistan from Canada
Summer is a time of celebration and family gatherings in Pakistan, marked by events such as the wedding season, Eid festivities, and other cultural milestones. For the Pakistani diaspora in Canada, staying connected with loved ones back home is crucial, and one of the most significant ways to do so is through remittances. Sending money back to family and friends in Pakistan is not just a financial transaction; it’s a lifeline that supports households, funds education, covers medical expenses, and contributes to the overall well-being of families. Here’s why choosing the proper remittance channels like Foree Remittance particularly during the summer months is more important than ever.
- Supporting Celebrations and Special Occasions
Summer in Pakistan is synonymous with wedding season and the joyous celebrations of Eid-ul-Fitr and Eid-ul-Adha. These events are deeply rooted in tradition and involve significant expenses, from wedding arrangements to Eid gifts and charitable donations. Foree Remittance ensures that your money reaches your loved ones quickly and securely, allowing them to fully participate in these special moments without financial stress.
- Ensuring Safety and Security
With the increase in remittance activity during the summer months, the risk of fraud and scams also rises. Using trusted and secure remittance channels is crucial to protect your hard-earned money. Foree Remittance offers advanced security measures and hybrid-blockchain technology which ensures platform and data security to ensure customer information integrity. Foree Remittance uses Interac e-Transfer so that no personal information, banking or credit card info, is stored locally within the app. This peace of mind allows you to focus on the joy of giving rather than worrying about the safety of your funds.
- Maximizing the Value of Your Money
Exchange rates and transfer fees can significantly impact the amount of money that reaches your family. Proper remittance channels often provide competitive exchange rates and lower fees compared to informal or less reliable methods. Foree Remittance is a team comprised of members who regularly send funds to their families in Pakistan. We monitor competitor rates and ensure that we have the best PKR value, daily. We want your money to go towards supporting your loved ones rather than being lost in fees and unfavorable exchange rates.
- Speed and Convenience
During the summer months, the need for quick and convenient remittance options becomes even more critical. Whether it’s for last-minute Father’s Day gifts, wedding preparations or emergency medical expenses, the ability to send money swiftly is essential. Modern remittance channels offer online and mobile solutions that allow you to transfer funds anytime, anywhere, with easy collection of money transfers, providing the flexibility and speed that traditional methods cannot match. Foree Remittance offers near real time delivery of funds to your beneficiaries. As soon as we receive funds for the transaction via Interac e-Transfer, we deliver the transaction to our trusted partner, the National Bank of Pakistan, where transactions are processed to your beneficiary contact right away! Foree Remittance offers payouts to 35+ Pakistani banks & EMI wallets and a cash pick-up facility from 1500+ NBP branches across Pakistan.
- Building Financial Inclusion
By using proper remittance channels, you contribute to the broader goal of financial inclusion in Pakistan. Foree has an exlcusive partnership with National Bank of Pakistan, which is duly approved by the State Bank of Pakistan, the financial regulatory authority in Pakistan. This ensures your funds travel securely from you to your loved ones, but also supports the local economy and encourages the use of formal financial services, which can lead to better financial management and access to credit and savings products.
- Compliance with Regulations
Using formal remittance channels ensures compliance with international and local regulations, reducing the risk of money laundering and other illicit activities. Compliance with these regulations is crucial for maintaining the integrity of financial systems and ensuring that your transactions are legitimate and transparent.
As you plan to send money back to Pakistan from Canada during the summer months, choosing the proper remittance channels is paramount. It ensures that your funds are safe, reach their destination quickly, and provide maximum value to your loved ones. With Foree Remittance, you can support your family during important celebrations, contribute to their well-being, and foster a stronger connection despite the physical distance. Embrace the convenience, security, and reliability of Foree’s modern remittance solution and make every transaction count.
