Etisalat and Noor Bank announced the launch of eWallet – an international remittance service that will allow financial transactions between UAE individuals and 200 countries worldwide.
The joint venture assured eWallet customers would be able to send money to relatives abroad in real time, in partnership with MoneyGram International, without having to visit a branch or go outside during the Covid 19 pandemic.
An eWallet consumer may either send funds directly to a recipient’s bank account or to a mobile wallet, depending on the destination of the recipient. Now eWallet customers can make real-time, international money transfers from their homes.
Transfers of money can now be made digitally to more than 350,000 locations, consisting of banks, counter agents and international mobile wallet operators in more than 200 countries and territories worldwide.
Ahmed Al Awadi, Chairman of eWallet, 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. As people work to support their family and loved ones across the globe, we aim to enable them to safely and instantly remit money to over 200 countries and territories worldwide.”
Regulated and licensed by the UAE’s Central Bank, Like other mobile wallet services, eWallet is not contingent on having a bank account credit card or debit card to make digital payments.
All customers need to register for the eWallet account is a valid Emirates ID and a working UAE mobile phone.