Monday 11 December 2017
 
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RAKBank

RakBank enables India remittance via Blockchain

RakBank, a top bank based in Ras Al-Khaimah, UAE has announced that it has partnered with Ripple to leverage its global Blockchain network (RippleNet) to power cross-border payments. Recognising the rising power of blockchain in t

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Rakez to offer clients banking services with RakBank

Ras Al Khaimah Economic Zone (Rakez) and RakBank, two of Ras Al Khaimah’s largest home-grown entities, have partnered to offer the economic zone’s over 13,000 clients easy access to a wide range of banking services at preferential te

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Rakbank enables Samsung Pay on ATMS

Rakbank, one of the leading banks in the UAE, has partnered with America-based financial service provider Diebold Nixdorf to launch Samsung Pay on their ATMs. With more than 250 Diebold Nixdorf ATMs, Rakbank is maximising consumer

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RakBank picks Samsung Pay Solutions for ATMs

RakBank is the first bank in the Middle East to introduce Samsung Pay solutions for its ATMs, in partnership with Samsung Gulf Electronics, a report said. This innovative digital solution enables the bank’s customers to make

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RakBank, C3 launch new prepaid payroll card

RakBank has signed an agreement with C3, a prepaid card service provider, in order to provide C3 with a BIN sponsorship on their prepaid cards to strengthen the C3 payroll offering. With this partnership, UAE based companies will

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DGCX, DMCC, RakBank to develop bullion products

The Dubai Gold and Commodities Exchange (DGCX), the Dubai Multi Commodities Centre (DMCC) and RakBank have signed a memorandum of understanding (MoU) for the development of bullion products. One product that is in immediate consid

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RAK SME, Rakbank sign financing agreement

Saud bin Saqr Establishment for Small and Medium Enterprises (RAK SME) and National Bank of Ras Al Khaimah (Rakbank) have signed a memorandum of understanding to provide financing services at competitive prices for entrepreneurs from the establi

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RakBank posts nine-month profit at $151m

The National Bank of Ras Al-Khaimah (RakBank) has announced a consolidated net profit of Dh554.2 million ($150.8 million) for the nine months ended September 30. The Group’s operating profit increased by 6.1 per cent to Dh1.

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RakBank offers a 60-second remittance to India

UAE-based RakBank has expanded its remittance service, RakMoneyTransfer, offering a 60 seconds money transfer to India through a network of 26 major banks including Axis Bank, ICICI Bank and more. Not only is RakMoneyTransfer a tr

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RakBank offers $10m loan to Lankan finance group

RakBank, one of the UAE's leading banks, said it has arranged a three-year $10 million medium-term loan facility for DFCC Bank, a leading financial institution in Sri Lanka. DFCC Bank will be using the funds for general expans

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