Latest news with #Visa+
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.
Yahoo
15-04-2025
- Business
- Yahoo
Visa supports cross-border transfers in Bahrain
Visa has launched its Visa+ service in Bahrain, enabling customers to conduct cross-border transfers within the Gulf Cooperation Council (GCC) by using the recipient's mobile number. Visa is launching this new cross-border remittance service in partnership with local banks, through the BenefitPay app. Initially, this service is accessible to clients of Bahrain Islamic Bank (BisB) and Khaleeji Bank. Visa+ allows BisB and Khaleeji Bank customers to send funds to Visa debit and prepaid cardholders across the GCC without the need to share sensitive card or bank account details. The service uses a mobile number as an alias for the transaction, which enhances the security and simplifies the transfer process. This move is part of an initiative to create a cross-border payment network. The initial phase includes BisB and Khaleeji Bank in Bahrain, Emirates NBD in the UAE, and Qatar Islamic Bank in Qatar. The goal is to connect multiple banks across the GCC and eventually expand to include Pakistan and EU countries, facilitating global remittances. Visa+ aims to provide financial institutions with the capability to offer their customers a secure and private money movement experience, relevant for peer-to-peer payments, financing disbursements, and cross-border remittances. Visa Bahrain country manager Ahmed ElKaffass said: "At Visa, we understand the crucial role that fast, secure, and easy payments play in people's lives across the region. 'The introduction of Visa+ in collaboration with BenefitPay, Bahrain Islamic Bank and Khaleeji Bank marks a significant step in transforming remittances, simplifying money transfers, and reshaping the money movement landscape in Bahrain. This innovative service not only enhances convenience for senders but also benefits families, communities, and economies globally." Earlier this month, Visa expanded its portfolio of services with the launch of three new solutions - a reimagined platform, Unified Checkout, and the ARIC Risk Hub. "Visa supports cross-border transfers in Bahrain " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
15-04-2025
- Business
- Zawya
QIB launches Visa+ to simplify international money transfers
QIB first bank in Qatar to launch Visa+ (Visa Direct Alias Directory) for customers Doha, Qatar – Qatar Islamic Bank (QIB), Qatar's leading digital bank, has partnered with Visa, a global leader in digital payments, to become the first bank in Qatar to launch the Visa+ (Visa Direct Alias Directory) for its customers. This innovative service offers QIB's customers a more convenient, secure and faster way to send money to Visa cardholders within GCC, marking a significant shift in the remittance and money transfer landscape in Qatar. With Visa+, the bank's customers can transfer funds to Visa cardholders in other countries using the recipient's alias - a mobile number. This eliminates the need for the recipient to share sensitive information like a 16-digit debit card number (Primary Account Number or PAN), making the process more secure and convenient. The initial phase of the partnership will focus on enabling seamless cross-border transfers from QIB's customers in Qatar, Emirates NBD in UAE and from Bahrain Islamic Bank and Khaleeji Bank customers (through BenefitPay) in Bahrain. This strategic move marks the first step in building a broader ecosystem that will connect multiple banks across markets in GCC soon. Commenting on the partnership, Mr. D. Anand, QIB's General Manager – Personal Banking Group, said: We are pleased to partner with Visa to be the first bank in Qatar to launch the Visa+ (Visa Direct Alias Directory) for our customers. This partnership highlights our commitment to providing fast, secure and more convenient way to send money through our award winning QIB Mobile App. At QIB, we are committed to provide our customers with innovative solutions to fulfill their financial needs and more. "At Visa, we understand the crucial role that fast, secure, and easy payments play in people's lives across the region. The introduction of Visa+ in collaboration with Qatar Islamic Bank marks a significant step in transforming remittances, simplifying money transfers, and reshaping the money movement landscape in Qatar. This innovative service not only enhances convenience for senders but also benefits families, communities, and economies globally," said Shashank Singh, Visa's Vice President and General Manager for Qatar and Kuwait. For financial institutions, enabling Visa+ can help create a better money movement experience—and improve protection of privacy—for both the sender and the receiver for a variety of use cases, including P2P (peer-to-peer payments), and cross border remittances. Visa+ offers Visa's financial institution partners capabilities to expand their reach by connecting to an ever-evolving ecosystem of secure networks for an improved money movement experience for both financial institutions and their customers. About Visa Inc. Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at About QIB Established in 1982, Qatar Islamic Bank (QIB) stands as Qatar's pioneering Islamic institution as the second largest bank in the country. It provides a diverse array of banking products and services catering to both individuals and businesses. QIB's dedication to innovation, customer contentment, and upholding the utmost ethical standards has positioned it as a reputable and trusted financial institution in Qatar.
