Tag: Mashreq Bank

Federal Bank partners with Mashreq Bank to offer instant money transfers from UAE to India

Federal Bank partners with Mashreq Bank to offer instant money transfers from UAE to India

Banking, Finance, Insurance
Hyderabad: Federal Bank has entered into a strategic tie-up with Mashreq Bank one of the leading financial institutions in the UAE, to facilitate money transfers from the UAE to India. The partnership will support Mashreq’s faster payment product, QuickRemit, which was launched in 2017. Mashreq is one of the oldest banks in the UAE, and has a presence in twelve countries across Europe, US, Asia and Africa. It is also the only privately-owned bank in the UAE. Referring to this tie-up, Shalini Warrier, Executive Director, Federal Bank said, “We are excited about the partnership with Mashreqbank PSC, UAE, to provide a cost effective instant money transfer service from UAE to India.  With a market share of 17% in personal inward remittances to India, we have been always at the fo...