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March 19, 2015updated 04 Apr 2017 4:03pm

Saudi British Bank launches remittance service with Visa

Saudi British Bank (SABB) has tied up with Visa to launch new Visa Direct Remittance service to instantly transfer money to several countries around the world.

By Verdict Staff

Saudi British Bank (SABB) has tied up with Visa to launch new Visa Direct Remittance service to instantly transfer money to several countries around the world.

The service will enable individuals and small businesses in the Middle East to transfer funds to eligible overseas-issued Visa cardholders globally in real time via a visa credit, debit or prepaid card.

The new service leverages SABB’s digital banking platform and Visa’s global reach to provide innovative approach in global payment convenience.

The remittance service will be available across countries including the UAE, UK, India, Philippines and Sri Lanka.

SABB will initially offer this service for free of charge for the first two months through SABB’s website, mobile applications and ATM machines.

SABB general manager of retail banking and wealth management Naif Alabdulkareem said: "We will continue to seek all methods to elevate ease of use and bring comfort to our customers, in line with SABB’s continuous commitment to ensure the highest levels of customer experience."

 

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