RAKBank offers instant remit to Sri Lanka

RAKBank has signed an agreement with Sri Lanka’s Cargills Bank to facilitate instant remit to Sri Lanka.

RAKBank’s RAKMoneyTransfer (RMT) services enables customers to make instant, frictionless, and secure money transfer services to Sri Lanka’s Cargills Bank via blockchain using Ripple platform. The bank’s customers have the flexibility to use their RAKBank credit cards to remit money at competitive rates, with no hidden fees and a 55-day interestfree credit period.