National Bank of Abu Dhabi (NBAD), the
second-largest bank in the United Arab Emirates by assets, has
become the first bank in the Middle East to offer international
remittances from customers’ mobile phones.
As a result of a partnership with remittances
firm MoneyGram, NBAD customers will be able to use their
mobile handset to transfer money to more than 200,000 locations in
190 countries and territories around the world.
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The launch comes almost two years after the
bank debuted its Arrow service, the first mobile phone money
transfer and payment facility in the UAE.
Arrow money transfers, including MoneyGram
international remittances, can be carried out from NBAD current
account and prepaid cards.
“NBAD strives to provide services and products
that genuinely deliver utility and value to consumers. Given how
many people need to remit money to other countries, this service
greatly meets a need in the market place,” said Ahmed Al-Naqbi, the
senior manager of channels and electronic banking services at
NBAD.
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