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

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

Date:

SSV Smart Pay Secures $5 Million Funding to Drive Fintech Innovation

Achieving a $30 million valuation, SSV Smart Pay sets...

Trulioo Partners with PingPong Payments to Revolutionize Cross-Border Transactions

Enhancing global payment solutions with advanced business verification and...

Luma Secures $63M Series C Funding to Transform Structured Finance

Big banks back Luma's innovative platform for alternative investments...
  • 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
Exit mobile version