Latest news with #InternationalBankAccount
Daily Tribune
07-05-2025
- Business
- Daily Tribune
Strengthening diplomatic cooperation in labour affairs
The Chief Executive of the Labour Market Regulatory Authority (LMRA) and Chairman of the National Committee to Combat Trafficking in Persons, Mr Nabras Taleb, stressed the value of continued cooperation with embassies and consulates of labour-sending countries in supporting a well-ordered and lawful work environment in the Kingdom of Bahrain. He made the remarks during a meeting with diplomatic representatives held as part of the LMRA Majlis, timed with International Workers' Day. The discussions centred on the importance of strengthening coordination in labour affairs, ensuring that foreign workers are fully informed of the country's legal framework, and verifying that they are engaged in permitted activities under valid work permits. Measures Mr Taleb presented a number of recent measures adopted by the Authority, including the requirement for all employers to pay workers electronically through the Wage Protection System. This mechanism is designed to ensure that salaries are paid on schedule and to help reduce pay-related disagreements. He also confirmed that all expatriate workers will be issued an International Bank Account Number (IBAN) either on arrival at Bahrain International Airport or when renewing their work permit, should they not already have one.
Zawya
17-04-2025
- Business
- Zawya
Bahrain's Khaleeji Bank unveils money transfer service
Bahrain - Khaleeji Bank has announced the launch of Visa+, a new service that enables users to send money to Visa cardholders in the GCC using only the recipient's mobile number. It is among the first banks to offer this service, marking a significant milestone that reflects the market's readiness to adopt next-generation financial solutions and accelerate digital experiences. With Visa+, Khaleeji Bank customers can transfer funds to Visa debit and prepaid cardholders in other GCC countries using only the recipient's mobile number. This eliminates the need to share sensitive information such as 16-digit card numbers (Primary Account Numbers) or International Bank Account Numbers (IBANs), making the transaction both safer and more convenient. Khaleeji Bank head of retail banking Ameera Al Abbasi said: 'As a bank that consistently leads in delivering the latest innovations to our clients, we are proud to launch the Visa+ service, which represents a transformative shift in the world of money transfers. At Khaleeji Bank, we believe in offering modern, secure, and intuitive banking solutions that align with our customers' evolving needs and aspirations.' She added: 'This service enables customers to send money effortlessly to Visa cardholders across the GCC using just a mobile number – no card details or account numbers required. It's a simple, secure and fast transfer experience. We invite all our clients to explore this unique feature, which reflects the future of digital banking transactions.' Visa+ also supports financial institutions by enhancing the money transfer experience and strengthening privacy protections for both senders and recipients. It is applicable to various use cases, including peer-to-peer (P2P) payments, loan disbursements, and cross-border remittances. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Biz Bahrain
17-04-2025
- Business
- Biz Bahrain
Khaleeji Bank Launches Visa+ Mobile Money Transfer Service Across the GCC Countries
Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of Visa+, a new service that enables users to send money to Visa cardholders in the GCC using only the recipient's mobile number. Khaleeji Bank is among the first banks to offer this service, marking a significant milestone that reflects the market's readiness to adopt next-generation financial solutions and accelerate digital experiences. With Visa+, Khaleeji Bank customers can transfer funds to Visa debit and prepaid cardholders in other GCC countries using only the recipient's mobile number. This eliminates the need to share sensitive information such as 16-digit card numbers (Primary Account Numbers) or International Bank Account Numbers (IBANs), making the transaction both safer and more convenient. Commenting on the launch, Ms. Ameera Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated: 'As a bank that consistently leads in delivering the latest innovations to our clients, we are proud to launch the Visa+ service, which represents a transformative shift in the world of money transfers. At Khaleeji Bank, we believe in offering modern, secure, and intuitive banking solutions that align with our customers' evolving needs and aspirations. This service enables customers to send money effortlessly to Visa cardholders across the GCC using just a mobile number—no card details or account numbers required. It's a simple, secure, and fast transfer experience. We invite all our clients to explore this unique feature, which reflects the future of digital banking transactions.' Visa+ also supports financial institutions by enhancing the money transfer experience and strengthening privacy protections for both senders and recipients. It is applicable to various use cases, including peer-to-peer (P2P) payments, loan disbursements, and cross-border remittances. Khaleeji Bank remains a pioneering Islamic financial institution in Bahrain, committed to delivering a comprehensive range of high-quality banking services and Sharia-compliant investment opportunities for individuals and businesses alike.
Zawya
16-04-2025
- Business
- Zawya
Khaleeji Bank launches Visa+ Mobile Money Transfer Service across the GCC countries
Manama, Bahrain – Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of Visa+, a new service that enables users to send money to Visa cardholders in the GCC using only the recipient's mobile number. Khaleeji Bank is among the first banks to offer this service, marking a significant milestone that reflects the market's readiness to adopt next-generation financial solutions and accelerate digital experiences. With Visa+, Khaleeji Bank customers can transfer funds to Visa debit and prepaid cardholders in other GCC countries using only the recipient's mobile number. This eliminates the need to share sensitive information such as 16-digit card numbers (Primary Account Numbers) or International Bank Account Numbers (IBANs), making the transaction both safer and more convenient. Commenting on the launch, Ms. Ameera Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated: "As a bank that consistently leads in delivering the latest innovations to our clients, we are proud to launch the Visa+ service, which represents a transformative shift in the world of money transfers. At Khaleeji Bank, we believe in offering modern, secure, and intuitive banking solutions that align with our customers' evolving needs and aspirations. This service enables customers to send money effortlessly to Visa cardholders across the GCC using just a mobile number—no card details or account numbers required. It's a simple, secure, and fast transfer experience. We invite all our clients to explore this unique feature, which reflects the future of digital banking transactions." Visa+ also supports financial institutions by enhancing the money transfer experience and strengthening privacy protections for both senders and recipients. It is applicable to various use cases, including peer-to-peer (P2P) payments, loan disbursements, and cross-border remittances. Khaleeji Bank remains a pioneering Islamic financial institution in Bahrain, committed to delivering a comprehensive range of high-quality banking services and Sharia-compliant investment opportunities for individuals and businesses alike.
Mid East Info
10-02-2025
- Business
- Mid East Info
Emirati Talent Competitiveness Council Adopts New mechanism for Disbursing Support to Beneficiaries of the Nafis Program
The Emirati Talent Competitiveness Council has announced a new mechanism for allocating financial support to beneficiaries of the Nafis program through the International Bank Account Number (IBAN) provided by the beneficiary, replacing the previous method of payment via the Nafis debit card. This update is part of efforts to enhance the beneficiaries' experience, facilitate the support receipt process, and avoid delays in receiving benefit amounts due to issues such as delays in activating or receiving the card, or cases of card damage or loss. The Council urged beneficiaries of the Nafis program to update their activated international account information within the next five months. Citizens who have not yet registered can add their International Bank Account Number (IBAN) in the designated section of their personal account on the Nafis platform to receive financial support through direct bank transfers, regardless of the bank they are affiliated with. The number of citizens employed in the private sector exceeds 132,000, of whom 102,000 benefit from the financial support of the Nafis program as of the end of January. Among these, 92,000 have registered their International Bank Account Number (IBAN) to take advantage of the new payment mechanism. Last month, benefits were disbursed to over 22,000 beneficiaries as part of the first phase. The Emirati Talent Competitiveness Council emphasized its commitment to enhancing collaboration with the Ministry of Human Resources, the Central Bank, the Department of Finance, and the Government Empowerment Department to improve the experiences of beneficiaries of the Nafis support program. It noted that the new mechanism for allocating support to beneficiaries represents an important step in facilitating and expediting procedures, aligning with the Council's goals of providing the best services to citizens and encouraging them to join the private sector, thereby becoming a driving force for the national economy and a fundamental engine for comprehensive and sustainable development in the country.
