The Abu Dhabi-based company was the latest UAE company to go public, raising Dh864 million earlier this month
markets8 hours ago
Transfast has announced that it has partnered with Commercial International Bank (CIB), one of the largest commercial banks with over 205 branches in Egypt, to facilitate the Egyptians expatriates around the globe to send money to bank accounts in Egypt.
With the wide network presence of CIB, customers will also avail the convenience of collecting money in cash from over 950 locations. The remittance facility between Transfast and CIB would be available to the Egyptian expatriates globally by middle of September 2019.
"CIB is one of the most reputable and far-reaching financial institutions in Egypt and it is an honor to partner with them. Transfast has for long enjoyed a leadership status in the cross-border payments industry. It offers competitive pricing and quick transfer of funds," said Samir Vidhate, SVP and MD at Transfast. "Through this partnership we will provide our Egyptian customer base with the ability to deposit money instantly into CIB bank accounts as well as provide bank account credit to the reach to 39 other banks in the country."
Mohamed Farag, deputy COO, CIB added: "We are thrilled to partner with a leading cross-payments service provider such as Transfast to offer Egyptian expatriates the convenience to send funds directly into their account across various banks in Egypt". "It has always been our endeavour to offer value to our customers and we are confident that this partnership will be benefit Egyptians globally."
- business@khaleejtimes.com
The Abu Dhabi-based company was the latest UAE company to go public, raising Dh864 million earlier this month
markets8 hours ago
Investors using metals as a hedge against a potential ‘Red Sweep’ in US polls
markets8 hours ago
This comes as IMF raised the Emirates' 2024 growth forecast earlier in May on the back of strong economic growth
business8 hours ago
Move aims to elevate experiences for clients and fans alike
business9 hours ago
Precautionary maintenance schedules will increase the design life of the buildings, protecting investments and raising the value of the property
uae9 hours ago
Selfdrive offers additional Dh50 off for Diwali celebrations
business9 hours ago
Here's everything residents can expect from the 'Zayed and Rashid' initiative
uae9 hours ago
First of its kind event in the region reinforces Dubai’s reputation as a watch capital of the world
business9 hours ago