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ENBD launches instant remittance service to UKEmirates 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 More… |
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EI launches quick remittance service to PakistanEmirates 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 More… |
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Expat remittances in UAE surge to $44.5bn in 2017Expats 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 More… |
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Expat remittances hit $33bn in UAE in nine monthsExpatriate remittances from the UAE amounted to Dh121.1 billion ($32.9 billion) during the first nine months of the year, a growth of 2.1 per cent from Dh118.6 billion during the corresponding period in 2016. An amount of Dh90.3 b More… |
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Remittances to developing markets to hit $6.5trnRemittances to developing markets are estimated to reach around $6.5 trillion between 2015 and2030, said an industry expert. These remittances have proved to be a powerful force in drastically improving the quality of people&rsquo More… |
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DIB launches an instant remittance solution to IndiaDubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched an instant funds transfer solution for those wiring money to India. The new service ‘DIB Express Transfer’ guarantees that funds can be wired More… |
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TerraPay, India bank partner for money transferTerraPay, the world's first mobile payments switch, has partnered with Yes Bank, India's fourth largest private sector bank, to enable real-time international money transfers to bank accounts in India. Powered by TerraPay& More… |
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Fintech ‘will redesign GCC financial sector by 2020’Fintech has the potential to alter financial services in the GCC by 2020, said an industry expert, adding that service is still in emerging status due to the lack of consumer confidence, issues of scale, and regulatory compliance. More… |
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Xpress Money sees double-digit growthXpress Money, one of the world’s leading money transfer brands, witnessed a 12 per cent growth in its global operations in 2016, propelled by customer loyalty and a strong agent network. Xpress Money saw its traditional remi More… |
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Remittances to developing countries to rise in 2016Remittances to low and middle-income countries (LMICs) are projected to hit $442 billion in 2016 – an increase of 0.8 per cent over the previous year, according to a World Bank report. Remittances to the Mena region are expe More… |
