Abu Dhabi Commercial Bank (ADCB) has partnered with Xpress Money to offer international account credit services through its existing mobile banking app.
The partnership provides exclusive benefits to ADCB customers and extends the bank’s international money transfer reach to 14 countries.
During the first phase of the collaboration, ADCB customers can make international bank account transfers to Bangladesh, Bhutan, Egypt, Ghana, Indonesia, Kenya, Morocco, Nepal, Nigeria, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam.
The groups intend to soon extend the service to more countries.
Xpress Money COO Sudhesh Giriyan said: "We are delighted to have a renowned brand like ADCB as our partner. Our partnership with ADCB is centered around extending convenience and reach to their customers. Xpress Money believes in collaboration that adds value to consumers and facilitates their convenience.”
ADCB group head consumer banking Arup Mukhopadhyay said: “This collaboration endeavors to make banking with ADCB simpler and more convenient. This in line with our focus on continuously improving the remittance services for our customers who already enjoy instant fund transfers to India and same day credit for transfers to the USA and UK.
The deal will see ADCB adapt to Xpress Money’s plug and play fintech solution, where the proprietary API serves as an ideal platform for any firm to plug seamlessly into the money transfer business.