UAE-based lender Emirates NBD has extended its DirectRemit 60 seconds money transfer service to the Philippines.
The direct bank transfer service will enable Philippines Peso (PHP) transfers to Banco De Oro (BDO) Bank accounts in less than 60 seconds, and transfers to other Philippines banks within one working day, the bank said.
Go deeper with GlobalData
The service is currently being offered with zero remittance fees for all transfers to any bank in the Philippines.
Customers can avail DirectRemit to the Philippines via online banking; mobile-enabled transfers expected in the near future, the lender said in a statement.
Commenting on the introduction of the service to the Philippines, Suvo Sarkar, general manager – retail banking and wealth management at Emirates NBD , said: "DirectRemit has proven to be among our most popular services, and we are delighted to extend the same facility and convenience for transfers to the Philippines. We are also looking at expanding this service to cover other countries in the near future."
Emirates NBD launched its DirectRemit platform earlier this year with 60 seconds bank transfers to India.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
