CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Commercial Bank extends ‘60 seconds’ remittances

Published: 05 Jul 2018 - 12:11 am | Last Updated: 01 Nov 2021 - 06:30 pm
Peninsula

The Peninsula

DOHA: Commercial Bank has extended its best in class ‘60 seconds’ online remittances to Nepal and Pakistan. Customers can now send money home to Nepal and Pakistan in less than a minute using Commercial Bank’s award winning Mobile Banking App or Internet Banking.

The ‘60 seconds’ online remittance service was first introduced by Commercial Bank last year to bank accounts in India, and the initiative has since been extended to the Philippines, Sri Lanka and now Nepal and Pakistan.  Catering for Qatar’s large expatriate populations, Commercial Bank customers can send funds instantly to Habib Bank accounts in Pakistan, or within 20 minutes to other bank accounts.  For customers sending funds to Nepal, this is within 60 seconds to Global IME Bank accounts, and same day credit for transfers initiated to other affiliated Nepalese banks.

Remitting money using Commercial Bank’s simple, secure and convenient Mobile Banking App  and Internet Banking offers many advantages to Nepalese and Pakistani customers, as it eliminates the need to spend time in queues at exchange houses and they can transact at their convenience, 24 hours a day, seven days a week.

The online remittance service also features market leading exchange rates and competitively priced fees.

Commercial Bank EGM, Head of Retail and Consumer Banking, Amit Sah (pictured), said: “Commercial Bank is the best remittance bank in Qatar, offering a fast and easy service  combined with competitive rates and fees for our customers. We have invested in our Internet and Mobile Banking platforms to create a world class remittance service and we are delighted to provide our unique ‘60 seconds’ remittances to Nepal, Pakistan, India, Sri Lanka and the Philippines.”