Mashreq and India’s Federal Bank roll out free remittance service for UAE NRIs

Mashreq and India’s Federal Bank roll out free remittance service for UAE NRIs

Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, has tied up with India’s Federal Bank to offer customers a free money transfer service from the UAE to India through its digital QuickRemit platform.

Under the tie-up, customers will not be charged remittance fees when they use the QuickRemit application to send money to India, Mashreq Bank said on Monday.