Wednesday 19, April 2017 by Georgina Enzer

Mashreq launches Quick Remit to Pakistan

Mashreq Bank has launched its Quick Remit service to Pakistan.

Mashreq customers can transfer Pakistani rupees free of charge either - via MashreqOnline or Snapp and enjoy instant credit to all bank accounts in Pakistan. The new service offers immediate transfers as opposed to the regular remittance transfer which could take up to two days.

Quick Remit offers convenience and fast services to Mashreq customers using its award winning mobile application – SNAPP available 24/7 with zero remittance fees and through MashreqOnline available on www.mashreq.com. Customers can send money to their respective beneficiaries with the benefit of “instant credit”, otherwise known as a Quick Remit.

“At Mashreq, we try to maximise customer convenience with the use of technology. We are pleased to be launching a service that is designed to be instantaneous and beneficial to both – sender and receiver. Our endeavour is to provide our customers with simple solutions to access and deliver money to various countries at competitive rates,” said Rohit Garg, Head of Business Banking, Mortgages, Deposits and Remittances at Mashreq.

Customers can also benefit from “immediate credit” funds in the destination country, designed for individuals who are either salaried class or self-employed. These transfers are free of charge with zero remittance fees and are processed immediately. There is a quick two-step process to remit, the customer simply has to register their beneficiary with the beneficiary bank account or IBAN number and the beneficiary bank name and upon registration the customer can start sending money immediately.

 

Features & Analyses

SME Finance Pay people properly

  As companies try to manage their budgets in the current economic climate, underpaying their staff could cost them in the long… read more