Qatar Islamic Bank (QIB), the country's leading digital lender, has expanded its direct remit service to the Philippines and Pakistan, following the successful launch to India, enabling its customers to make seamless transfers within seconds.
The direct remit is an innovative service designed to facilitate QIB customers’ remittance experience allowing them to transfer money to bank accounts within 60 seconds. It has been carefully integrated in the QIB mobile app to provide customers the convenience to transfer money instantly in a fast and safe manner.
QIB has broadened its global offer and has followed similar methodology for the service expansion to Philippines and Pakistan. QIB collaborated with Philippines’ BDO Unibank, which has more 1,100 branches and 3,800 ATMs.
For Pakistan, it has tied up with Habib Bank, which has more than 1,650 branches and 2,100+ ATMs across the country and globally.
“The expansion of our direct remit service to Philippines and Pakistan is part of our ongoing efforts to provide our customers with the most convenient, secure and easy banking experience, allowing them to effortlessly perform their money transfers using the QIB mobile app,” said D Anand, QIB’s general manager (Personal Banking Group).
Customers can login to the QIB mobile app and select their desired destination to add the beneficiary they want to send money to. Using the transfers feature they can select an approved beneficiary to send the transaction for instant processing.
The submitted transaction can be tracked for the status at anytime from anywhere in the world within 60 seconds and receive instant updates on the status of their transactions via SMS.
QIB has previously partnered with HDFC Bank, one of the largest banks in India providing 60 seconds transfer credit facility also holds a network of 5,500 branches and 15,400 ATMs spread across 2,850 cities enabling quick and easy transfers to any bank across the country and in more than 100,000 locations.Last updated: September 14 2021 08:01 PM
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Fed curbs trading by top officials as Powell does damage control
Markets bet inflation is hot enough to spur reluctant rate hikes
BoJ discussing phasing out pandemic support as economy reopens
China property behemoth finds funds to avert bond payment default for now
Mekdam reports QR18.4mn net profit at the end of September 2021
HBKU’s College of Law hosts seminar on special economic zones and taxation policy
Doha Bank CEO underscores role of ‘Digital Innovation in Financial Services’
Foreign, Gulf institutions keep key index near 11,900 points
Qatar banking sector total assets stand at QR1.78tn in September: QNBFS