By Andrei Skvarsky.
Commercial Bank of Dubai (CBD) has signed a deal with Xpress Money, a brand of United Arab Emirates-based payments and foreign exchange company Finablr, to facilitate and speed up remittances from the UAE to Pakistan and the Philippines for CBD clients.
The system to be launched by the agreement would enable a customer to use a CBD online platform or a mobile app, CBD Mobile, to send money to a bank account in Pakistan or the Philippines, according to a CBD statement.
It would offer “great rates”, and one’s first three remittances would be free of charge, the statement said.
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