Mashreq expands Quick Remit with Mastercard

By Milan Rojan

Mashreq has partnered with Mastercard to expand the reach of its Quick Remit service, strengthening cross-border payment capabilities for customers across key international remittance corridors.

The collaboration has been designed to enhance the bank’s remittance offering by enabling faster and more efficient international money transfers through Mastercard Move, the company’s global money movement solution. The expanded network has increased the number of payment corridors available to Mashreq customers while supporting seamless cross-border transactions.

Fernando Morillo, Group Head of Retail Banking at Mashreq, said the partnership had reinforced the bank’s commitment to delivering faster and more accessible cross-border payment services for customers.

Quick Remit has provided customers with the ability to send money to multiple countries without transfer fees through selected banking partners. By integrating Mastercard’s global payments infrastructure, Mashreq has sought to improve transaction speed, accessibility and convenience for individuals making international transfers.

J.K. Khalil, Division President, East Arabia at Mastercard, said the collaboration had demonstrated a shared focus on improving international payment experiences through innovative digital solutions.

The partnership has reflected growing demand for digital remittance solutions as consumers increasingly expect secure, real-time payment experiences. It has also supported Mashreq’s broader strategy of expanding digital financial services while strengthening connectivity across global payment networks.

The enhanced service has enabled customers to transfer funds directly to bank accounts in participating markets through an integrated digital experience. The collaboration has leveraged Mastercard’s international payment infrastructure to simplify cross-border money movement while maintaining high standards of security and operational resilience.

The expansion has highlighted continued investment in cross-border payment infrastructure as financial institutions seek to improve remittance services for retail customers. As demand for digital payments has continued to grow, partnerships between banks and payment technology providers have increasingly focused on delivering faster, more transparent and cost-effective international money transfer services across multiple markets.