Qatar Islamic Bank Launches New Remittance Service with Visa

Qatar Islamic Bank Launches New Remittance Service with Visa

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. Customers 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 platform, as well as Visa’s extensive global reach offering an innovative approach in global payment convenience. Mr. D. Anand, QIB’s General Manager – Personal Banking Group, said: “We are pleased to be partnering with one of the world’s largest electronic payment networks to launch Visa Direct. The new remittance service enables customers