Emirates NBD, a leading bank in the region, announced recetly the launch of its 60 second DirectRemit service to Pakistan. DirectRemit, a money transfer platform that is considered the fastest in the UAE, allows Emirates NBD customers to remit money to Pakistan within a minute with zero remittance fees.
The direct bank transfer service enables Emirates NBD customers to perform Pakistani rupee remittances to Faysal Bank accounts in Pakistan in less than 60 seconds, and transfers to other Pakistani banks within one hour. Faysal Bank is a leading bank with a footprint of over 270 branches across 80 cities in Pakistan. Customers of Emirates NBD can avail DirectRemit service to Pakistan via online banking channels.
Commenting on the launch of the service, Suvo Sarkar, General Manager Retail Banking and Wealth Management, Emirates NBD, said: "Remittances by the Pakistani expat population in the UAE is the second largest source of remittance inflow to Pakistan, so the introduction of the DirectRemit service is an excellent value proposition to our Pakistani expatriate customers.-PR