Draft:ACE Money Transfer (Company)
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Last edited by Praxidicae (talk | contribs) 40 hours ago. (Update) |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | August 5, 2002 |
| Founder | Aftab Ashraf |
| Headquarters | |
Area served | Worldwide |
Key people | Rashid Ashraf (CEO) |
| Services | Money transfers, Mobile payments, Electronic bill payments |
ACE Money Transfer is a financial technology company headquartered in Manchester, United Kingdom.[1][2] The company provides international money transfer services through various solutions, including bank deposits, cash pickups, mobile wallets, and bill payments.[3][4] The platform is accessible via its website and mobile app, serving customers in over 100 countries worldwide.
Overview
[edit]The company was founded on August 5, 2002, by Aftab Ashraf.[5] Headquartered in Bolton to serve the British-Pakistani community, ACE Money Transfer later expanded globally.[6][7][8][9][10]
In 2010, the company obtained an API license from the UK’s Financial Conduct Authority (FCA), enabling it to operate under European Union passporting rights.[11]
The company’s services include bank transfers, mobile wallet deposits, and cash pickups. Customers benefit from low transfer costs, competitive exchange rates, and additional features such as bill payments and airtime top-ups. The mobile app has features such as real-time transaction tracking and multiple payment options, including debit and credit cards, Google Pay, and Apple Pay.[12]
The company’s partnership with Trustly introduced the Pay by Bank solution, which contributed to a 40% growth in remittance volumes through this alternate payment method by enabling faster and more secure account-to-account transactions.[13]
ACE’s collaboration with dLocal expanded its remittance services across APAC and EMEA regions, addressing key challenges in cross-border transactions for global migrants and expatriates.[14][15][16]
ACE has established partnerships with Pakistani banks including Bank Alfalah, Bank AL Habib and HBL, launching initiatives to promote legal remittance channels for overseas Pakistanis.[17][18][19]
In 2024, the company partnered with TerraPay to strength its cross-border payment capabilities, improving the efficiency and accessibility of global remittances.[20]
Other platforms ACE has collaborated with include Alipay, ShopeePay, Checkout, Grab and JuanCash.[21]
ACE Money Transfer was awarded “Best Fintech App” at the UK Business Awards 2024.[22][23]
References
[edit]
- ^ https://www.deadlinenews.co.uk/2019/10/17/ace-money-transfer-global-remittance-event-focus-on-preventing-money-laundering/
- ^ Hinton, Lauren (2024-07-22). "ACE Money Transfer Achieves 40% Growth in Remittances With Trustly's Pay by Bank". FF News | Fintech Finance. Retrieved 2024-11-07.
- ^ "Exploring the Financial Innovators of Manchester: Unveiling 15 Dynamic Companies Changing the Game". Finance Magazine. 2023-08-25. Retrieved 2024-11-07.
- ^ "2022 Growth 100". FEBE. Retrieved 2024-11-07.
- ^ Grant, Anton (2023-01-23). "ACE Money Transfer Hits Landmark $1 Billion in Remittances as It Celebrates 20th Anniversary". FF News | Fintech Finance. Retrieved 2024-11-07.
- ^ Transfer, ACE Money. "ACE Is Back In Europe: Send Money Online". www.prnewswire.com. Retrieved 2024-11-07.
- ^ Bignell, Francis (2022-08-08). "Remittances Are a Lifeline for Developing Countries With Economic Instability". The Fintech Times. Retrieved 2024-11-07.
- ^ https://finance.yahoo.com/news/ace-money-transfer-secures-payment-102900222.html
- ^ Transfer, ACE Money. "ACE Money Transfer Crowned 'Best Fintech App' by UK Business Awards 2024". www.newswire.ca. Retrieved 2024-11-07.
- ^ "HOW A SHOP IN BOLTON GREW INTO A £30M GLOBAL FINTECH". FEBE. Retrieved 2024-11-07.
- ^ https://acemoneytransfer.com/blog/a-quick-guide-to-avoiding-business-identity-impersonating-websites
- ^ "ACE Moves Money Faster and Safer with Checkout.com". www.checkout.com. Retrieved 2024-11-07.
- ^ Bleach, Tom (2024-07-22). "ACE Money Transfer and Trustly Celebrate Streamlined Remittances Following Partnership". The Fintech Times. Retrieved 2024-11-07.
- ^ "dLocal partners with ACE Money Transfer". thepaypers.com. Retrieved 2024-11-07.
- ^ https://itbrief.com.au/story/ace-money-transfer-pairs-with-dlocal-to-bolster-remittance-services-in-apac-and-emea-regions
- ^ Towner, Lauren (2023-10-25). "dLocal and ACE Money Transfer Partner to Facilitate Instant and Convenient Remittances in APAC and EMEA". FF News | Fintech Finance. Retrieved 2024-11-07.
- ^ "ACE Money Transfer joins Bank Alfalah to facilitate payments for overseas Pakistanis". IBS Intelligence. Retrieved 2024-11-07.
- ^ Transfer, Ace Money. "ACE Money Transfer and Bank AL Habib Partner Again to Empower Overseas Pakistanis and Strengthen Pakistan's Economy this Ramadan". www.prnewswire.com. Retrieved 2024-11-07.
- ^ "ACE Money Transfer and HBL gives customers a chance to meet their loved ones". AsiaNet. 2022-02-04. Retrieved 2024-11-07.
- ^ "TerraPay Embarks on a Strategic Partnership with ACE Money Transfer to Strengthen Global Remittances". TerraPay. Retrieved 2024-11-07.
- ^ "Instagram". www.instagram.com. Retrieved 2024-11-25.
- ^ "ACE Money Transfer Crowned 'Best Fintech App' by UK Business Awards 2024". The Globe and Mail. Retrieved 2024-11-25.
- ^ Transfer, ACE Money. "ACE Money Transfer Crowned 'Best Fintech App' by UK Business Awards 2024". www.prnewswire.com. Retrieved 2024-11-25.