UAE’s eWallet launches international remittance to 200 countries

UAE based digital payment service eWallet launches its international remittance service to 200 countries and territories worldwide, it announced on April 2.

The service entails free, real-time international money transfers at competitive rates. Digital on-boarding from home allows contactless payments including instant money transfers to any mobile number in the UAE as well as bill payments and mobile recharges.

Digital Financial Services, a joint venture between telecom operator Etisalat and Noor Bank, launched the eWallet’s service in partnership with MoneyGram International. Money transfers can be made digitally to over 350,000 locations consisting of banks, over the counter (OTC) agents, and international mobile wallet operators. The offer is for a limited period only.

Depending on the recipient’s destination, an eWallet customer, can either send funds directly to a recipient’s bank account or to a mobile wallet.

“We understand that in light of the current global situation, people are increasingly choosing to send money digitally from the comfort and safety of their homes,” said Ahmed Al Awadi, chairman of eWallet.

“As people work to support their family and loved ones across the globe, we aim to enable them to safely and instantly remit money to over 200 countries and territories worldwide.”

Regulated and licensed by the Central Bank of the UAE, eWallet users do not need to have a bank account, credit or debit card to do digital payments. Customers only need a valid Emirates ID and a working UAE mobile number to register for the eWallet account.

Upon registration, users can top-up their wallet balance and start sending and receiving money between mobile phones, transfer to own or third-party bank accounts, and settle merchant and bill payments.

Users also can deposit and withdraw cash from their wallets by visiting the nearest location as suggested in their app.