popular .
videos
The country’s largest lender Banco de Oro Unibank has teamed up with Emirates NBD, the leading bank in the United Arab Emirates, for a new cash remittance service touted to be the fastest bank transfer service out of this Middle Eastern territory.
BDO and Emirates NBD recently launched the money transfer service called “DirectRemit 60 Seconds,”which enables the transfer of money from UAE to BDO bank accounts in 60 seconds. This is seen to benefit households which are the beneficiaries of overseas Filipino workers stationed in the various parts of the UAE such as Dubai and Abu Dhabi.
“UAE is host to more than 700,000 Filipinos who diligently work to be able to send money back to their families in the Philippines. This is another channel that will bring security and ease to our remitters,” BDO senior vice president for remittance distribution Geneva Gloria said in a press statement on Friday.
The Philippines is one of the countries with the biggest inward remittances reaching about $24 billion annually.
Gloria said the alliance with Emirates was a “good fit,” citing the resemblance between the two banks. Both are leading industry players in their respective countries and serving considerable number of Filipino clients.
“Most of their Filipino clients who maintain an account with them are also enrolled in Emirates’ online banking facility. Using this platform, these customers can send money to the Philippines anytime, anywhere and can also pay their bills, insurance premiums or loans payments via their BDO accounts,” she added.
Emirates NBD – a product of a merger between Emirates Bank International and the National Bank of Dubai – is into corporate, retail, private, Islamic and investment banking throughout the region. Its vision is to be globally recognized as the most valued financial services provider based in the Middle East. It is a market leader across core business lines and the leading retail banking franchise, with more than 220 branches and over 885 automated teller machines (ATMs) and cash deposit machines (CDMs) across the country and overseas.
BDO is the largest bank in the Philippines in terms of total assets, loans, deposits, capital and trust funds under management.
- Tags:
- Banco de Oro Unibank
- BDO
- Business
- cash remittance service
- emirates nbd
- partnership
- “DirectRemit 60 Seconds”
Related Stories:
- Australia investigates ‘paedophile’ father in Thai baby scandal
- Bangladesh ferry owner faces charges in sinking
- Bangladesh ferry owner faces charges in sinking
- Bangladesh ferry owner faces charges in sinking
- Bangladesh ferry owner faces charges in sinking
- Bangladesh ferry owner faces charges in sinking
- Bangladesh ferry owner faces charges in sinking
- Bangladesh ferry owner faces charges in sinking
Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
seo tools
No comments:
Post a Comment