First Abu Dhabi Bank announced that it has partnered with Mastercard to provide instant international money transfers via the bank’s electronic payit wallet. Payit is the first integrated digital wallet in the region to support Mastercard money transfer services for more than 100 locations worldwide.
This partnership will now allow Payit e-wallet users to transfer funds to selected bank accounts or digital wallets conveniently and easily using the application and according to the highest levels of security.
On this occasion, Hanaa Al Rostamani, Group Head of Retail Banking, First Abu Dhabi Bank, said: “Providing this technology to customers now is more important than ever, it is necessary to switch to using digital channels under the current circumstances. Our customers can make transfers International Finance with ease and comfort through payit. Our partnership with Mastercard for International Money Transfers confirms our continuous commitment to investing in digital solutions, and providing our customers with the best services that are comfortable, easy and the highest levels of security. ”
For his part, Ramana Kumar, Head of Payments Division at First Abu Dhabi Bank said: “We always strive at First Bank of Abu Dhabi to support the efforts made by the United Arab Emirates to convert to a cashless economy, and our customers who use the electronic payit wallet can benefit from the Mastercard money transfer platform. Immediately without waiting in line or paying transfer fees or having to carry cash with them anymore. The electronic payit wallet is an innovative financial services system that allows sending and receiving financial payments from anywhere and at any time, and our partnership with Mastercard is the best proof of our commitment to support the system Instant digital payments. “
The Mastercard service now available will allow payit customers to transfer money instantly and without any fees to bank accounts in the Philippines, Bangladesh, Pakistan, Nepal, Kenya, Egypt, Nigeria, Sri Lanka, Vietnam, and Ghana, while working to add more countries to this service. .