Mashreq Bank recently launchedMFT (Mashreq Flash Transfer) service, making it the first bank worldwide to offer 24×7, instant money transfer to 12,000+ ATMs across India.
Empays’ products, EPC (Empays Payment Cloud) and IMT (Instant Money Transfer), provide key under-pinnings for this service.
MFT allows the senders to simply choose their beneficiary’s phone number from the phone book & initiate the payment in a flash. With Axis Bank as the partner bank, MFT beneficiaries can choose to receive money in any bank account in India or withdraw cash from ATMs, 24×7. Click here to know more about the MFT service.
Empays is proud to announce its first bank customer in the Middle East: Emirates NBD (ENBD).
ENBD has launched an innovative new remittance service – DirectRemit 2 Mobile (DR2M) – which allows its account holders to transfer funds to any mobile phone in India.
Speaking on the occasion, Ravi Rajagopalan, founder and CEO of Empays added, “We are delighted to partner with Emirates NBD to provide this first-of-its-kind service from the UAE to its customers. The Empays Payment Cloud (EPC) connects banks across the globe to enable digital payments to be made from mobile to mobile instantly and securely and at the customer’s convenience. We help Emirates NBD offer a unique differentiating service to their client base to cater to their remittance needs to India and elsewhere.”