QIB launches Visa Direct new remittance service

QIB launches Visa Direct new remittance service

Doha, Qatar: Qatar Islamic Bank (QIB) , Qatar’s leading digital bank, has announced the launch of a new remittance service, Visa Direct, in partnership with Visa, the world’s leader in digital payments. The first of-its-kind solution in Qatar will allow QIB customers to transfer funds to overseas Visa cards in near real-time. Visa Direct is a cross border fund transfer service that allows QIB savings and current account holders to transfer funds from their banking accounts to overseas Visa debit, credit, or prepaid cards through the QIB Mobile App. Initially Visa Direct service will be available to over 25 countries in MENA Region, Europe and Asia with plans to include many more countries across the globe in the near future. The new remittance service is designed to simplify QIB customers’ remittance experience allowing them to enjoy near real-time fund transfers to friends and families overseas crediting the fund directly to the recipient’s Visa card. Customer will only need to enter the Visa card details of the beneficiary and make the transfer in a fast and secured manner. Visa Direct is a single gateway for QIB to reach global beneficiaries for payments. The new remittance service leverages QIB’s award-winning digital banking