Middle East teams with Mastercard on Quick Remit

Mashreq Bank announces its collaboration with Mastercard to expand the "Quick Remit" cross-border transfer service, enabling customers to send money quickly and easily through digital channels. The service supports transfers to over 200 countries in 150 currencies, with the possibility of receiving cash payments through a Mastercard-specific network. This partnership aims to reduce transfer costs and enhance the customer experience in the remittance sector, which is projected to be valued at approximately $47 billion in the UAE by 2025.

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