Kuda Technologies, Fatima Group, City School join hands for financial inclusion dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: A UK-based financial services company 'Kuda Technologies' in partnership with Fatima Group and The City Schools Group has applied for a digital banking licence in Pakistan with the goal of driving financial inclusion in the country.
Federal Bank ties up with Mashreq Bank to offer instant money transfers from UAE to India equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Federal Bank, Mashreq Bank of UAE ink pact, to offer money transfer
May 10, 2021
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Federal Bank has entered into a tie-up with Mashreq Bank, a leading financial institution in the UAE, to facilitate money transfers to India. The partnership will support Mashreq’s faster payment product, QuickRemit. Mashreq is one of the oldest banks in the UAE, and has a presence in twelve countries across Europe, US, Asia and Africa.
Shalini Warrier, Executive Director, Federal Bank said, “With a market share of 17 per cent in personal inward remittances to India, we have been always at the forefront of ensuring our remittance business. Federal Bank adds one more partnership to its fold through this tie-up”.
Federal Bank Joins Forces With Mashreq Bank to Offer Instant Money Transfers From UAE to India
Federal Bank announced on Monday it has joined forces with UAE financial institution
Mashreq Bank to facilitate money transfers from the UAE to India. According to Federal Bank, the partnership will support Mashreq’s payment product,
QuickRemit.
Federal Bank further revealed that the partnership will also allow Mashreq customers to have access to substantial savings as well as continue to send money instantaneously to India from the convenience of their home or office, from Mashreq’s online and mobile banking channels.
Tooran Asif,
Executive Vice President and Head of Consumer Banking at Mashreq Bank, stated that the partnership comes at a considerably important time, due to reported growth of the UAE remittance market: