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Dubai / Emirates Business
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, recently partnered with International money transfer organisation, Xpress Money, a Finablr company, to offer remittance solutions to Pakistan and Philippines for the bank’s customers in the first phase. This partnership is facilitated by Xpress Money’s business solution — FLEX.
The partnership agreement was signed by Amit Malhotra, General Manager — Personal Banking Group, CBD, and Sudhesh Giriyan, CEO of Xpress Money along with senior executives from both organisations at a ceremony held at the CBD Head Office in Dubai. Through this partnership, customers of Commercial Bank of Dubai can now process cross-border remittances to their beneficiary’s bank account in Pakistan and Philippines using the bank’s online banking platform and mobile banking app — CBD Mobile. These transfers will offer customers convenience, speed and great rates. In addition, the bank is running a special promotion whereby customers can get their first 3 remittances for free.
These transfers initiated by CBD customers will be quickly credited to the target bank account using state-of-the-art Xpress Money FLEX platform, a flexible and compatible solution available to businesses seeking to venture into remittance industry. Xpress Money has consistently focused on developing partnerships that bring new money transfer channels to customers.