CBD & Thunes: Partner to offer real-time international remittances
- Announced a partnership that will facilitate real-time cross-border transaction flows between the UAE and the rest of the world
- Through this partnership with Thunes, Commercial Bank of Dubai will be able to cater to corridors such as India
- The service also launched with remittances to bank accounts whilst remittances to cash-pick up locations
- According to the Central Bank of the UAE in 2019, AED 165 billion sent back by migrant workers to their home countries from the UAE
- With this new offering, CBD customers can transfer money in real-time to India, Bangladesh, Philippines and Pakistan
- The partnership a strong testament to the hard work and dedication of both teams to improve the customer experience
