back Back

Emirates Islamic brings QuickRemit money transfer service to the UK

By Gloria Methri

January 05, 2024

  • Cross Border Remittances
  • Emirates Islamic
  • FinTech
Share

Emirates Islamic, Islamic financial institutions, QuickRemit, Emirates NBD, Wealth Management, Consumer Banking, banking transactions, banking solutions, FinTech news, FinTech UAE, UKEmirates Islamic, one of the leading Islamic banks in the UAE, has announced that its 60-second online fund transfer service ‘QuickRemit’ is now available for remittances to the United Kingdom.

Emirates Islamic customers will be able to conduct QuickRemit transfers to any Lloyds Bank account in the UK in less than 60 seconds, and transfers to other UK banks within one hour. Lloyds Bank is one of the UK’s leading banks with over 500 branches across England and Wales.

Emirates Islamic customers can avail of QuickRemit service via EI and the bank’s mobile banking app conveniently and securely at competitive rates and zero remittance fees.

Commenting on the launch of QuickRemit to the UK, Mohamed Al Hadi, Acting Head of Retail Banking and Wealth Management at Emirates Islamic, said, “Expanding our QuickRemit transfer service to the UK introduces simplicity, agility and security to the remittance experience of one of our key customer segments. The QuickRemit service offers customers a quick, free remittance channel to send money to the UK for various purposes including family needs, education or investment.”

The bank currently extends the QuickRemit services to India and Pakistan, tying up with HDFC Bank and Faysal Bank respectively.

Part of Emirates NBD Group, Emirates Islamic offers a comprehensive range of Shari’ah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 42 branches and 211 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is one of the first Islamic banks in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp.

Previous Article

January 05, 2024

Security Bank of Kansas City expands partnership with NCR Atleos

Read More
Next Article

January 05, 2024

The Weekly Wrap: all you need to know by Friday COB | January 5th

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Cross Border Remittances

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

February 23, 2024

UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023