United Arab Emirates – RAKBANK has partnered with Xpress Money, one of the most dependable money transfer organizations in the world, to offer convenient money transfer services to RAKBANK customers through the Bank’s award-winning remittance service, RAKMoneyTransfer (RMT). The Bank’s money remittance service is available in 5 countries including India, Pakistan, Philippines, Sri Lanka and Nepal. By virtue of this partnership with Xpress Money, RAKBANK has expanded its RMT service to 20 new countries with a total reach of 25 countries* worldwide. It will also allow customers to make hassle-free money transfers with greater convenience and maximum security.
RAKMoneyTransfer service has been specially designed to meet the remittance needs of customers who can conveniently remit money from their RAKBANK Account or Credit Card to the aforementioned countries. In addition, RMT offers another convenient choice of cash pickup options through 85,000 Xpress Money agent locations, out of the 200,000 locations that Xpress Money has globally. RMT also provides customers with highly competitive exchange rates to ensure the most convenient, secure and cost-effective transfer solution that can be completed at just the click of a button using RAKBANK’s Digital Banking platform and through all of the Bank’s branches.
Peter England, RAKBANK CEO, said: “In line with the Bank’s strategy to offer customers a seamless banking experience, we are currently focusing on aligning our offering through strategic partnerships to increase the Bank’s remittance footprint. We are delighted to have partnered with Xpress Money to extend our RMT service into new territories with the objective of offering the expat community in the UAE the ability to immediately remit money back home. Therefore the partnership will enable our customers to make secure, faster and convenient money transfers to 20 countries.”
Sudhesh Giriyan, COO, Xpress Money, said: “It has been a constant endeavor of Xpress Money to make money transfers easily accessible and affordable to customers globally. Through our global network of partners in 165 countries, we offer convenient money transfer services, with multiple pay-in and pay-out options, suitable to our customers’ needs. This collaboration gives us the opportunity to offer digital solutions through RAKBANK, elevating the level of their customers’ convenience as they can now send money anytime, to 20 new countries. We are happy to have partnered with a brand that is also working towards a similar objective that benefits the end customer.”
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* Remittance service is available in 25 countries including: India, Pakistan, Philippines, Sri Lanka, Nepal, Australia, Bahrain, Bangladesh, Bhutan, Denmark, Greece, Hong Kong, Ireland, Jordan, Kenya, Kuwait, Malaysia, Morocco, Oman, South Africa, Tanzania, Thailand, Uganda, United Kingdom and Vietnam.
About RAKBANK
RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of Personal Banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKislamic, throughout its 38 branches and its Telephone and Digital Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX). For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000. Alternatively, you can connect with RAKBANK via twitter.com/rakbanklive and facebook.com/rakbank.
About ‘Xpress Money’
‘Xpress Money’ is a global money transfer brand with a thriving presence in more than 165 countries across all continents through 200,000 agent locations. ‘Xpress Money’ has come to be known as the most dependable international money transfer brand and provides its customers a simple, fast & safe way to transfer money through innovative technology, superior customer service and its extensive worldwide network. For more information, follow us on Facebook: www.facebook.com/XpressMoney, Twitter: @Xpress_Money or visit www.xpressmoney.com
For media enquiries, please contact:
RAKBANK Xpress Money
Tarek Kiwan Daphne Correa
Tarek.kiwan@rakbank.ae daphne.correa@xpressmoney.com
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