We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Mon 1 Jun 2020 04:07 PM

Font Size

- Aa +

National Bank of Oman launches digital remittance service

The service will allow customers to send money to several countries in Asia and the Middle East

National Bank of Oman launches digital remittance service

National Bank of Oman (NBO) has launched a new digital remittance service, allowing customers to send funds to seven different countries, the bank has announced.

In a statement, NBO said that customers will be able to send up to OMR 7.500 to India, Pakistan, Bangladesh, Egypt, Philippines, Indonesia and Sri Lanka.

With the first transaction free and a low remittance fee, the beneficiary will receive money the same day, or instantly if possible.

“We know that being able to send money abroad is extremely important to many of our customers, yet due to the current situation, there are limited options,” said Abdul Karim Al Hinari, NBO’s deputy general manager for alternative channels–retail banking.

“Our new digital remittance service means our customers can send money to their families 24/7 via the mobile app, from the comfort of home,” he added.

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.