Free of charge transfers with zero remittance fees

Dubai, UAE – 19th April 2016

Mashreq, one of UAE’s leading financial institutions, announced the exclusive launch of 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 is unique as it offers immediate transfers as opposed to the regular remittance transfer which could take up to 2 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.

Rohit Garg, Head of Business Banking, Mortgages, Deposits and Remittances at Mashreq commented: “At Mashreq, we try to maximize 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 endeavor is to provide our customers with simple solutions to access and deliver money to various countries at competitive rates.”

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.

For more information, please visit: http://www.mashreqbank.com    

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About Mashreq
Mashreq is the oldest bank in the UAE with an extensive branch network across the Emirates. Mashreq is also present in 11 countries outside UAE with 21 overseas branches and offices spread across Europe, USA, Asia and Africa providing a comprehensive range of international financial services. Established in 1967, Mashreq has established itself as a market leader by delivering award-winning customer experiences and innovative thinking across its financial products and services. Mashreq’s various banking divisions cater to its own unique specialisms and expertise and include: Corporate Banking, Retail Banking, International Banking, and Innovative Treasury Services. The bank also allows for customers to experience Sharia’h Compliant financial banking solutions. As a leading financial institution, Mashreq is committed to supporting every community it serves. In the UAE, the bank pays particular attention to recruiting, training, and developing UAE National employees.  Mashreq is the only financial institution in the UAE to have been awarded the CSR Label by Dubai Chamber for five years in a row.

For media enquiries, please contact:
Rana AlBorno     
Public Relations, Mashreq    
Tel: 04 - 6083703        
Email: RanaAlb@mashreq.com                                                       

Nssrin Khalil
Public Relations, Mashreq
Tel: 04 – 6083836
Email: NssrinK@mashreq.com

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