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NEWS
Bank of Bahrain and Kuwait launches a new electronic remittance service through the MaxWallet App!
31 Oct 2019
BBK, Bahrain’s pioneer in retail and commercial banking, continuously strives to provide its customers with the latest technological solutions in order to further enhance their banking experience.
BBK is proud to announce the launch of Mastercard Send, a technological solution in the area of Money Transfer, which is aimed at enabling customers to enjoy the latest advent in technology through highly transparent, faster and more secure services. This step emanates from the bank’s belief in the importance of the early adoption of FinTech based innovative enhancements to its banking services.
This new electronic remittance service is made available for all BBK customers who wish to perform cross border payments to bank accounts, mobile wallets and cash-out locations with ease and attractive pricing through the MaxWallet App in collaboration with CrediMax and Mastercard International.
In line with CBB’s initiative towards the financial digital transformation, this new service is one of the many FinTech based projects that BBK is in the process of developing and offering. .
MaxWallet is a digital wallet solution introduced by CrediMax offering a wide range of easy to use services and features to the customers in Bahrain in order to perform financial transactions and make purchases easily through their mobile devices.
Dr. Adel Salem, General Manager of the Retail Banking Division at BBK commented: “In line with our strategic objective towards providing our customers with the latest digital services and highly secure payment solutions, we are pleased to announce that the “Mastercard Send” service is now available to use through the MaxWallet app. Through this service, customers holding eligible BBK debit cards will be able to conveniently perform payments to more than 25 countries across the globe with great transparency, reliability, enhanced security and faster delivery”.
Mr. Yousif Ali Mirza, Chief Executive of CrediMax also commented: “Our goal is to provide our customers with services that are well suited to cater to their busy lifestyles whilst enhancing their banking experience and with that, we are proud to announce that the Mastercard Send service is now available to all BBK customers registered in the MaxWallet App. This service enables customers to conduct instant money transfers at their own convenience, anytime and anywhere”.
The service is available on the current MaxWallet App under the “Send Money” button. BBK customers who are registered via the MaxWallet App can make payments/transfers to more than 25 destination countries with the relevant receiving channel of their choice.
It is worth mentioning that this new e-remittance service costs less than the traditional international transfer channels and is backed by the Mastercard network, which features efficient facilities with enhanced security, through a single connection.
MaxWallet with the newly added Mastercard Send service is currently available for both Android and iOS devices on App Store and Google Play.
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