Tuesday, 02 January 2024 12:17 GMT

Alif Becomes First Fintech In The Region To Launch Commission-Free Online Transfers From Tajikistan To The U.S.


(MENAFN- GetNews)

In partnership with Visa, the new service enables international remittances to U.S. bank accounts through the Alif mobile app

Alif Bank has launched a new feature in its mobile app that enables users to send commission-free transfers from Tajikistan to U.S. bank accounts. The launch was officially announced on alif earlier this week. The service, launched in collaboration with Alif's long-standing partner Visa, allows users to send funds online without visiting a branch or paying high fees.



Historically, sending money from Tajikistan to the U.S. was costly and time-consuming, often involving multiple intermediaries and significant transfer fees. The new feature offers a faster and more affordable solution for Tajik students studying abroad and families supporting relatives across borders. All transfers remain subject to standard currency-control regulations.

About Alif

Founded in 2014, Alif has grown into one of the leading fintech companies in Central Asia, with a presence in Tajikistan, Uzbekistan, and Pakistan. In Tajikistan, Alif Bank serves more than 2 million active clients and over 2,000 active merchant acquiring partners. Through the mobile app, Alif provides users with a range of digital financial services, including payments, transfers to more than 190 countries, and installment solutions. Alif issues Visa Gold, Visa Platinum and Visa Infinite cards, giving clients a convenient way to make purchases worldwide and transfer money abroad. By expanding access to modern financial tools, Alif supports greater financial inclusion and helps drive digital innovation across Central Asia.

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