Doha: QIIB announced the launch of international money transfers to bank accounts using Western Union services via QIIB Mobile and Internet Banking. The Service allows the transfer of funds from the Client’s Account with QIIB to the Beneficiary’s Account, via a simple and easy process. Western Union is a global leader in cross-border, cross-currency money movement and payments.
This service was launched following the acceleration of the QIIB’s digital transformation journey, which has made significant progress as it now covers a large number of QIIB’s products and services, including a number of financing products. . Yesterday’s announcement means customers can send money transfers to bank accounts in more than 130 countries across Western Union’s global network. They can also continue to choose to collect their cash transfers from Western Union retail locations in more than 200 countries and territories.
The new international money transfer service is user-friendly. The Customer only has to connect to QIIB Mobile or Internet Banking, select Western Union, Transfer to a beneficiary’s account, complete the required information and validate.
Commenting on the launch of the service, Omar Abdelaziz Al Meer (pictured), Head of Business Development and Alternative Channels 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”.
He added, “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. 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”.
Finally, he hopes the new service will gain customer satisfaction and be seen as a valuable addition to the ever-evolving suite of products and services offered by QIIB.
“We are delighted to announce that we are expanding our international digital money transfer services with QIIB today,” said Hatem Sleiman, Head of Middle East, Pakistan and Afghanistan at 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 move money across borders easily, securely, reliably and quickly,” concluded Suleiman.