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Qatar Islamic Bank expands direct remit service to Egypt

By Delisha Fernandes

September 25, 2023

  • ATM
  • Debit Card
  • Digital Bank
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Qatar Islamic Bank, mobile app, Direct Remit Service, digital bank, digital transformation, ATM, Debit Card, FinTech news, FinTech QatarQatar Islamic Bank (QIB), a Qatar-based digital bank, has announced the expansion of its Direct Remit Service to Egypt to upgrade its money transfer service and meet its customers’ growing needs.

Customers can easily initiate a money transfer by logging into the QIB Mobile App, selecting their desired destination, and adding the intended recipient to transfer money faster with competitive exchange rates to the beneficiary’s bank.

D Anand, QIB’s General Manager – Personal Banking Group, said,  “Adding Egypt to the list of countries available in our direct remit services via QIB Mobile App demonstrates our steadfast commitment to delivering a seamless, secure, and efficient banking experience for all of our customers. We aim to solidify our regional leadership in digital banking through innovation and customer-centricity. Our customers can rest assured that we will be continuously exploring opportunities to expand the reach and value of our services.”

After a successful launch in India, Pakistan, Jordan, and the Philippines, QIB has collaborated with one of the leading Bank in Egypt to include Egypt in its expanding list of countries within the QIB Direct Remit network, with plans to include more countries in the future.

QIB’s Direct Remit platform empowers customers with fast and secure money remittance services. This addition aligns with QIB’s customer-centric digital transformation strategy, placing user convenience at the forefront.

Available on the App Store, Google Play, and Huawei AppGallery, customers can download the QIB Mobile App and easily self-register using their active ATM/Debit Card number and PIN. The app offers customers the ability to have full control of their accounts, cards, and transactions, enabling them to fulfill all their banking requirements remotely. Additionally, QIB customers can open a new account and apply for personal loans through the app.

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