New service will allow customers to send money online to over 30,000 EzRemit locations worldwide.
Manama, 13 April 2011: Bahrain Financing Company (BFC), the Kingdom's oldest and most reputed money transfer and foreign exchange group today announced its new remittance service, EzRemit online cash transfer. Boosting the company's existing online remittance service BFC Smart Money, the new service will allow customers to send cash online within minutes to family and friends at over 30,000 EzRemit locations worldwide.
As part of BFC Smart Money, the service will guarantee the best exchange rates, allowing customers to securely transfer money online, to anywhere in the world. With the introduction of EzRemit online cash transfer service, BFC Smart Money customers will now have a choice of sending money online either through international bank transfer or via EzRemit cash pickup locations.
Commenting on BFC Smart Money and the new EzRemit online cash transfer service, Mr. Ebrahim Nonoo, Managing Director and CEO of BFC Group Holdings said, "With best foreign exchange rates and lowest transfer charges BFC's Smart Money channel is today the cheapest way to send money and surely the most convenient money transfer method in Bahrain. Leveraging BFC's innovative internet services customers can conduct their remittance transactions privately, right from their desks, at their own convenience 24 hours a day, 7 days a week- paying directly from their bank account or cards."
"With the introduction of EzRemit online cash transfer service we have enhanced the BFC Smart Money service further by giving customers an additional option of sending money to their loved ones via EzRemit locations worldwide", Mr. Nonoo added.
Following its launch in January, BFC's Smart Money has generated immense interest from expatriate and local remitters in Bahrain. To benefit from BFC Smart Money's convenient and cost effective online services, customers can register online (www.bfcsmartmoney.com) or visit any BFC shop in Bahrain. Once the registration process is complete, BFC will forward the login details to the customer's email, thus activating the service. To avail the service customers need to have a local bank account in Bahrain and payments can be made easily using most locally issued Mastercard and Visa debit cards.
Every care has been taken to ensure that BFC Smart Money is a secure service. Secured by VeriSign, the trusted provider of Internet infrastructure services for the networked world, the service ensures that financial transactions processed through the system are highly secure and customer information is kept confidential at every stage. In addition, the service offers full transactional history of remittances and status updates on all services 24 hours, 7 days a week.
Improving customer service through social media, BFC has recently launched its official Facebook page BFC Bahrain as well as a dedicated Twitter account, where customers can now follow the companys latest offers, promotions and service updates from anywhere in the world. The BFC Bahrain Facebook page is the first in the region to provide customers with live exchange rates and currency converting services online.
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About BFC Group Holdings
BFC Group Holdings (BFC) is the holding company for Bahrain Financing Company, Bahrain Exchange Company (Kuwait) and EzRemit. BFC is a leading money transfer and foreign exchange group in the region, facilitating customers' lives with simple and hassle-free foreign exchange and remittance services. With an extensive global reach covering over 100 countries, BFC has a 90-year history of moving money smartly and efficiently; with the best rates available. Committed to providing reliability, trust and convenience, BFC is competitively positioned in the growing global market. BFC offers a vast array of retail products, including remittances, EzRemit, instant cash transfer worldwide, door to door delivery service, demand drafts, travellers cheques, gift delivery, courier services, foreign currency banknotes all supported by state-of-the-art systems. For more information visit www.bfc.com.bh
Issued on behalf of BFC Group Holdings by Hill & Knowlton
For press information contact:
Bayan Nasser
Hill & Knowlton
Tel: +973 1753 3532
Fax: +973 1753 3370
Email: Bayan.nasser@hillandknowlton.com
Press Release 2011
