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Money transfer

Careem Pay launches instant, affordable transfers to Lebanon

Careem Pay, the digital wallet and fintech platform within the Careem Everything App, has introduced a new international remittance service to Lebanon in partnership with the Purpl digital wallet.   Money can be

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HDFC Bank, Lulu Exchange to boost cross-border payments

India’s largest private sector bank, HDFC Bank, and UAE based financial services company, Lulu Exchange, have signed an agreement to strengthen cross-border payments between India and GCC region.    In

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Almost 60pc of Saudis choose 'only digital money transfer'

Consumers in Saudi Arabia predominantly view digital money transfers as the preferred way to send money now and in the future, according to research commissioned by Western Union.    Yet many still want the

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e& expands tie-up with MoneyGram to send and receive money

e& and MoneyGram International have expanded their tie-up enabling e&'s fast-growing customer base of 160 million to send and receive money through mobile wallets across its footprint in near real-time.  

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e& expands tie-up with MoneyGram to send and receive money

e& and MoneyGram International have expanded their tie-up enabling e&'s fast-growing customer base of 160 million to send and receive money through mobile wallets across its footprint in near real-time.  

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BENEFIT invests $4.2m to upgrade funds transfer system

Bahrain’s BENEFIT, a leader in electronic financial transactions, has upgraded its entire Electronic Funds Transfer System (EFTS) with an investment of BD1.6 million ($4.2million) to meet the demand for the system’s services in the K

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Benefit launches remittance service for BenefitPay customers

Bahrain’s regional player in electronic financial transactions, Benefit has launched a remittance service as part of its BenefitPay service, which will enable all users of the app to make international money transfers. 

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ENBD launches instant remittance service to UK

Emirates NBD (ENBD), a leading bank in the region, has launched DirectRemit services to the UK, enabling customers to transfer money instantly back home, free of any charges and at competitive exchange rates. Emirates NBD’s

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EI launches quick remittance service to Pakistan

Emirates Islamic (EI), one of the leading Islamic financial institutions in the UAE, said that its 60 second online fund transfer service ‘QuickRemit’ is now available for remittances to Pakistan. The bank has launched

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Expat remittances in UAE surge to $44.5bn in 2017

Expats remittances from the UAE amounted to Dh164.3 billion ($44.5 billion) during 2017, a growth of 2.2 per cent from Dh160.8 billion in 2016, a media report said. An amount of Dh121.66 billion was transferred through money excha

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