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Qatar Islamic Bank expands direct remit service to the UK

By Gloria Methri

November 08, 2023

  • Digital Bank
  • Digital Remittances
  • Digital Transformation
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Qatar Islamic Bank, QIB, Direct Remit, UK, FinTechQatar Islamic Bank (QIB) has announced the expansion of its Direct Remit Service to the United Kingdom. This move reflects the digital bank’s commitment to elevating and diversifying its money transfer services, to meet the growing needs of its customers.

Following the success of the Direct Remit launches in India, Pakistan, Jordan, the Philippines, and Egypt, QIB has collaborated with Standard Chartered Bank, one of the leading banks in the UK and across the globe, to include the UK in its QIB Direct Remit network, with plans to include more countries in the future.

Initiating a money transfer is made easier for customers using the Qatar Islamic Bank Mobile App. Customers can enjoy real-time money transfers to the UK using the Direct Remit service under the QIB Mobile App. By logging in, selecting the destination, and adding the recipient details, customers can enjoy instant transactions with competitive exchange rates to the beneficiary’s bank.

The submitted transaction can be tracked at any time, from anywhere and customers receive instant updates on the status of their transactions via SMS. QIB’s Direct Remit platform is designed to empower customers with efficient and secure money remittance services.

Anand, QIB’s General Manager – Personal Banking Group, said, “Incorporating the United Kingdom into our Direct Remit services via the QIB Mobile App is a testament to our commitment to delivering a seamless, secure, and efficient banking experience for all our customers. We are dedicated to solidifying our position as a leader in digital banking through continuous innovation and a customer-centric approach.”

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

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