Bank Dhofar has signed an MoU with India’s ICICI Bank to facilitate instant remittances to India which now takes up to 48 hours.
The lender stated that the instant remittance service will now be conducted through, Money2India, an online money transfer platform by ICICI Bank.
Vikash Sharma, ICICI’s Regional Head- Middle East & Africa, said that the alliance will enhance the overall customer experience, Bank Dhofar will assist Indian expats in Oman for opening an account with ICICI Bank in India should they require while ICICI Bank in India will assist its customers to open an account with Bank Dhofar in Oman.
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