MANAMA: BBK plans to launch an electronic remittance service through MaxWallet in collaboration with CrediMax and Mastercard International.
The bank said yesterday that the service will allow all BBK customers to make cross-border payments to bank accounts, mobile wallets and cash-out locations.
MaxWallet is a digital wallet solution introduced by CrediMax, a BBK subsidiary, that allows transactions and purchases through mobile devices.
BBK assistant general manager of retail banking Dr Adel Salem said, “In line with our strategic direction to provide latest electronic services and secure payment solutions, we are pleased to announce that the ‘Mastercard Send’ service will soon be introduced through the MaxWallet app. This service will enable customers holding eligible BBK debit cards to conveniently perform payments to more than 30 countries across the globe with great transparency, reliability, enhanced security and faster delivery.”
The service will be enabled on the current MaxWallet app under the ‘Send Money’ button.
BBK customers who are registered via the MaxWallet App can make payments/transfers to more than 30 countries with the relevant receiving channel of their choice.
The new e-remittance service costs less than traditional international transfer channels and is backed by the Mastercard network, which features efficient facilities with enhanced security, through a single connection.
CrediMax chief executive Yousif Ali Mirza said: “Our goal is to facilitate the use of our channels to enhance our customers’ banking experience and with that, we are proud to announce that the Mastercard Send service will soon be available to all BBK customers registered in the MaxWallet App. This service enables customers to conduct instant money transfers at their own convenience, anytime and anywhere.”
MaxWallet is currently available for both Android and iOS devices on App Store and Google Play and the new Mastercard Send service will soon be added to the wallet.
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