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Mr. Khalid Deemas, Head of Retail Banking Group at NBAD said "Amounts of up to U.S. Dollars2500 can be transferred every day. With NBAD's Visa Money Transfer Service, Visa debit or credit card holders can transfer funds electronically from their Visa card to other Visa cards with Visa International member banks worldwide,".
Kamran Siddiqi, General Manager Visa International Middle East, commended National Bank of Abu Dhabi for being the first Visa member bank in the UAE to offer the Visa Money Transfer solution. "There is a considerable outflow of foreign remittances from across the GCC to developing countries with the U.A.E being the second largest source of transfers after Saudi Arabia."
The NBAD Visa Transfer service is another add up to NBAD's list of services that provide clients with the efficient banking services they need to help run a cost-effective spending lifestyle. The new service is quick, convenient and above all secure. The service will go live on NBAD's website today.
"NBAD has a strong technology platform and its infrastructure like e-payments is just an example of NBAD's commitment to implementing technology in day-to-day banking,"
added Deemas.
Posted by Anne-Birte Stensgaard, Senior News Editor
