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Emirates NBD: Posts 20% growth YoY in mobile remittance flows | Fintech InShorts: Latest fintech news, analysis by experts

Emirates NBD: Continues strategic partnership with Plug and Play Abu Dhabi

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Emirates NBD: Posts 20% growth YoY in mobile remittance flows

By Laura M

February 1, 2021

Emirates NBD, a leading banking group in the MENAT region recorded an increase of over 20% in the number
DirectRemit a digital money transfer service that allows Emirates NBD customers to make remittances to India
The rise in remittances via the bank’s digital platform comes even as the overall personal remittance market
The growth in DirectRemit transactions takes place amidst an acceleration seen in digital adoption as customers increasingly switch to online
Customers used DirectRemit to send money instantly to their loved ones with India and Philippines topping the list of recipient countries
Emirates NBD also ran an exciting promotion in collaboration with City 1016 enabling customers to sign up

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