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
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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.

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