CBD partners with Xpress Money

DUBAI: The Commercial Bank of Dubai (CBD) recently partnered with international money transfer organisation, Xpress Money, a Finablr company, to offer remittance solutions to Pakistan and Philippines for the bank’s customers in the first phase. This partnership is facilitated by Xpress Money’s business solution – FLEX.

The partnership agreement was signed by Amit Malhotra, General Manager - Personal Banking Group, CBD, and Sudhesh Giriyan, CEO of Xpress Money along with senior executives from both organisations at a ceremony held at the CBD Head Office in Dubai.

Through this partnership, customers of Commercial Bank of Dubai can now process cross-border remittances to their beneficiary’s bank account in Pakistan and Philippines using the bank’s online banking platform and mobile banking app - CBD Mobile. These transfers will offer customers convenience, speed and great rates. In addition, the bank is running a special promotion whereby customers can get their first 3 remittances for free.

Dr. Bernd van Linder, Chief Executive Officer, Commercial Bank of Dubai, said: “In line with the bank’s strategy to offer customers a seamless banking experience, we are now focusing on strategic partnerships to grow the bank’s remittance footprint and to extend our remittance service into new corridors.” Amit Malhotra said: “At CBD, we are constantly working on enhancing our products and services to cater to our customers’ financial needs. Our partnership with Xpress Money will enable us to provide a holistic remittance experience to our customers.”