QIIB Launches International Money Transfers via Mobile and Internet Banking via Western Union

QIIB launched international money transfers to bank accounts using Western Union’s services through the bank’s mobile and internet banking.
The service allows the transfer of funds from the customer’s account with QIIB to the beneficiary’s account, through a simple and easy process. Western Union is a global leader in cross-border, cross-currency money movement and payments.

Omar Abdelaziz al-Mir

The service was launched following the acceleration of the QIIB’s digital transformation journey, which has made huge strides as it now covers a large number of QIIB’s products and services, including a number of financing products .
QIIB’s announcement means customers can send money transfers to bank accounts in more than 130 countries through Western Union’s global network. They can also continue to choose to collect their cash transfers from Western Union outlets in more than 200 countries and territories.
The new international money transfer service is user-friendly. The customer simply needs to log in to QIIB Mobile or Internet Banking, select Western Union, transfer to a beneficiary’s account, complete the required information and submit.
At the launch of the service, Omar Abdelaziz al-Meer, Head (Business Development and Alternative Channels Sector) at QIIB said, “Our goal is to provide best-in-class services to our valued customers. With this in mind, we launched the direct payout service to a beneficiary’s bank account in partnership with Western Union, to simplify the payout process for customers and provide them with a flexible option to make payments 24 hours a day, without the need to visit a QIIB branch or any remittance office”.
“We are delighted to partner with Western Union, a global payments provider. Our collaboration began several years ago and we are happy to deepen it further through this new service which will undoubtedly enrich our experience and our partnership”.
He said: “This is another step in the digital transformation journey in which we have made great strides. We are continuously working to enrich the banking experience offered to our valued customers while adapting to the ever-changing market”.
Al-Meer hopes the new service will earn customer satisfaction and be seen as a valuable addition to the ever-evolving suite of products and services offered by QIIB.
“We are thrilled to announce that today we are expanding our international digital money transfer services with QIIB,” said Hatem Sleiman, Head (Middle East, Pakistan and Afghanistan), Western Union.
“Qatar has made significant progress in digitally transforming the way consumers can manage their everyday financial needs. A large proportion of them are expatriates, making the country a major hub for the movement of money in the Middle East. This is reflected in the numbers.
“According to World Bank data, Qatar is among the top 20 outbound remittance markets in the world. As customer preferences evolve, it is imperative that we remain nimble to their needs. This makes our partnership with QIIB, and announcements like this, even more critical so customers can choose how to transfer money across borders easily, securely, reliably and quickly.

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