Emirates NBD has announced an expansion of its DirectRemit cross-border payment service, now enabling near real-time money transfers to over 40 countries. The bank’s customers can send funds to destinations across Europe, Australia, Singapore, and Hong Kong at any time, using the ENBD X Mobile Banking App or Online Banking.
DirectRemit, first launched in 2014, initially supported transfers to countries such as India, Pakistan, the Philippines, Sri Lanka, the UK, and Egypt. The service has played a key role in meeting the needs of expatriates who send money for family support, education, mortgages, and investments.
The expanded service offers several features: immediate transfers without delays, 24/7 availability, secure infrastructure, and competitive exchange rates.
Yousuf Saeed Mohd, Group Head of Personal and Priority Banking and Retail Banking Sales at Emirates NBD, stated: “As a front-runner in digital banking innovation, Emirates NBD is committed to delivering banking experiences that offer greater financial flexibility and convenience. We are pleased to expand this service to more than 40 countries worldwide, reinforcing the bank’s position as a leader in cross-border banking in the Middle East.”
He added: “Our customers come from all corners of the world and their need to send money home quickly, safely and affordably is inherently personal. By launching these new, near real-time remittance corridors, we are not just improving a service; we are strengthening vital connections between people and their loved ones across continents.”
The United Arab Emirates is currently the second-largest source of outbound remittances globally, following the United States. The new payment corridors are supported by Emirates NBD’s digital infrastructure and a partnership with Nium, a FinTech company specializing in cross-border payments. The service maintains compliance with security and regulatory standards.
Customers can access the expanded DirectRemit service immediately through the bank’s digital channels. More information and the full list of supported countries are available on the Emirates NBD website.
