BankingBusiness

Emirates NBD: Posts 20% growth YoY in mobile remittance flows

  • Emirates NBD, a leading banking group in the MENAT region recorded an increase of over 20% in the number
  • DirectRemit a digital money transfer service that allows Emirates NBD customers to make remittances to India
  • The rise in remittances via the bank’s digital platform comes even as the overall personal remittance market
  • The growth in DirectRemit transactions takes place amidst an acceleration seen in digital adoption as customers increasingly switch to online
  • Customers used DirectRemit to send money instantly to their loved ones with India and Philippines topping the list of recipient countries
  • Emirates NBD also ran an exciting promotion in collaboration with City 1016 enabling customers to sign up
Previous article
DroneShield: Hires Christopher Pyne’s lobbying firm
Next article
Santander UK: Appoints Rakshit Kapoor as chief data officer
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Danske Bank Restricts Customer Data Access Following Address Leak

Danske Bank acts after sensitive customer details exposed to payment recipients.Highlights: Danske Bank reveals a data leak of...
FinTech

Fintech Veteran Launches Primitive AI Agent Operating System

A groundbreaking platform for AI-driven financial services is unveiled.Highlights: Primitive AI, led by a fintech veteran, introduces a...
FinTech

Visa Launches Validator Node on Tempo Blockchain, Strengthening Payments Infrastructure

New validator node aims to boost transaction efficiency for Visa services.Highlights: Visa launches a new validator node on...
FinTech

Amex Launches Agentic Commerce Development Kit to Strengthen Merchant Services

New toolkit aims to enhance payment solutions for businesses.Highlights: Amex unveils Agentic Commerce Development Kit for merchants.The toolkit...