Emirates NBD extends 60 second DirectRemit platform to Sri Lanka

Emirates NBD, a leading bank in the region, today revealed the launch of its 60 second DirectRemit service to Sri Lanka, in collaboration with Hatton National Banking institution. DirectRemit, considered the fastest remittance service from the UAE, enables clients to pay money residence promptly online and also without any remittance costs.

The solution will certainly enable Emirates NBD consumers to perform compensations to Hatton National Bank (HNB) accounts in Sri Lanka in less than 60 seconds, and also transfers to various other Sri Lankan financial institutions within one working day.

The service was officially introduced by Suvo Sarkar, Senior EVP & Group Head-- Retail Banking & Wealth Management, Emirates NBD and also Jonathan Alles, MD & CEO, Hatton National Bank in the existence of Arjuna Mahendran, Governor, Central Bank of Sri Lanka.

Hatton National Bank is a premier private sector office bank operating in Sri Lanka with 249 branches spread out throughout the island. The banking institution has actually been globally identified by the Asian Banker Magazine as the very best Retail Bank in Sri Lanka for 2015. The partnership with the leading financial institution in Sri Lanka remains in keeping with Emirates NBD's technique to show a total suite of economic solutions to its clients whilst making sure enhanced consumer comfort.

Discussing the collaboration, Suvo Sarkar, Senior EVP & Group Head-- Retail Banking and Wealth Management, Emirates NBD, stated: "We are delighted to join hands with Hatton National Bank to be able to help with quick as well as very easy compensations for our Srilankan consumers. The DirectRemit system is amongst our most popular solutions as it provides clients with an on-the-go, quick and also cost-free mechanism to move funds instantaneously to their residence country. We are certain that our customers will certainly take advantage of this brand-new bind to execute compensations to fulfill all their ongoing requirements.".

Mr. Jonathan Alles, MD & CEO, Hatton National Financial institution stated, "We delight in to partner with Emirates NBD to introduce this service. HNB has a huge consumer base in the UAE and also this collaboration will aid all our consumers to perform remittances immediately and also conveniently at no costs.".

On the occasion of launch of the service, Arjuna Mahendran, Guv, Central Bank of Sri Lanka, commented," The UAE is the home of over 300,000 Srilankan nationals and also the launch of this solution via the collaboration of Hatton National Banking institution and also Emirates NBD will be welcomed by all non-resident Srilankans to write cash residence effortlessly as well as instantaneously.".

With DirectRemit, consumers will not only have the ability to transfer funds to their household back home immediately, however also make home mortgage repayments, pay expenses, remit insurance coverage premiums or perform investments more easily and comfortably. Customers could avail of the One Minute money transfer service by means of online and mobile financial.

Since the intro of the DirectRemit solution to India in 2014, Emirates NBD has increased the solution to cover Philippines, Pakistan and also currently Sri Lanka with more corridors expected to be launched in the near future.