Emirates NBD, Western Union deal enables ATM remittances

The Western Union Co., a global payment service provider will offer its Account-Based Money Transfer service to Emirates NBD accountholders in the UAE.

The service will allow Emirates NBD customers to send Western Union Money Transfers directly from their bank accounts using more than 700 ATMs in the region, or via online banking or mobile phone.

Using the service, accountholders will be able to remit money to anyone within the UAE and to more than 400,000 Western Union Agent locations in 200 countries and territories. The agreement between Western Union and Emirates NBD marks the first for the region of this type of remittance.

“The Account-Based Money Transfer Service is a key component of Western Union’s electronic channels strategy,” said Jean Claude Farah, Western Union senior vice president for the Middle East and Africa.

“Our goal is to offer convenient ways to move money. This alliance with Emirates NBD is a clear example of two leading companies collaborating to meet the fast-evolving needs of consumers for technology-driven innovations and services.”

Source: ATM Marketplace

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