Digital Financial Services, a joint venture (JV) between telecoms giant Etisalat and Dubai-based lender Noor Bank, has launched eWallet international remittance service to 200 countries from the UAE.
The service, regulated by the UAE’s central bank, is the result of an alliance with remittance provider MoneyGram International.
Users of eWallet can make international remittances at zero-charge to more than 350,000 locations in over 200 countries.
These locations include banks, over the counter agents as well as international mobile wallet operators.
The users can choose to send funds directly to the bank account of the recipient or to a mobile wallet.
They can top-up their wallet balance instantly.
With the new service, users can transfer money between mobile phones as well as transfer funds to own or third-party bank accounts.
The service supports bill and merchant payments in addition to mobile recharge.
It also enables users to deposit and withdraw money from their wallets.
For this, the users have to go to the nearest location directed by the app.
Commenting on the new offering, eWallet chairman Ahmed Al Awadi said: “eWallet continues to be an innovative solution that uplifts the way UAE residents conduct financial transactions today.
“We understand that in light of the current global situation, people are increasingly choosing to send money digitally from the comfort and safety of their homes.”