Mashreq, a prominent financial institution in the MENA region, has unveiled an innovative cross-border banking solution tailored for its UAE-based Pakistani clients. For the first time, Pakistani nationals residing in the UAE can remotely open an account with Mashreq Pakistan, access a consolidated view of their accounts, and execute instant transfers—directly via the Mashreq UAE mobile application.
The service is accessible to Pakistani nationals holding an existing Mashreq UAE account. It removes the requirement for physical documentation or branch visits in Pakistan, transforming the conventional account-opening process into a fully digital, streamlined journey.
Through a unified global dashboard embedded within the Mashreq UAE mobile app, customers can seamlessly monitor and manage both their UAE and Pakistan account balances in one interface, enhancing transparency and control over cross-border financial activities.
Once the Pakistan-based account is activated, customers can initiate instant, fee-free transfers through Quick Remit, a remittance facility exclusively available to Mashreq account holders.
Fernando Morillo, Group Head of Retail Banking at Mashreq, stated that the introduction of this digital solution represents a key milestone for both the bank and its customers. He highlighted that Mashreq is the first UAE bank to enable non-resident Pakistanis to open home-country accounts digitally without paperwork or in-branch procedures, reinforcing its commitment to innovation-led banking. He added that the zero-fee Quick Remit feature strengthens the value proposition by offering enhanced speed, convenience, and cost efficiency.
Customers opening an account with Mashreq Pakistan will receive a current account with no minimum balance requirement, alongside a complimentary domestic PayPak debit card.
Ghazal AlSakaal, Global Head of Digital Strategic Partnerships at Mashreq, noted that the initiative aligns with the bank’s broader strategy to build a technology-driven digital financial ecosystem. She emphasised that facilitating secure and seamless cross-border account opening removes traditional barriers and delivers tangible value to customers. The service, she said, is set to reshape how expatriates manage their financial relationships across jurisdictions, while supporting regional financial innovation.
The rollout of this offering reflects Mashreq’s sustained investment in digital transformation, aimed at simplifying cross-border banking and delivering greater flexibility and long-term value to expatriate communities.
