Mashreq, Mastercard Expand Quick Remit Network
Mashreq has partnered with Mastercard to expand the reach of its Quick Remit service, enabling faster cross-border money transfers to additional global destinations. The collaboration strengthens Mashreq’s digital payments strategy while improving remittance services for customers across the UAE. Consequently, users will gain access to faster and more convenient international transfers.
The expanded partnership introduces new remittance corridors through Mastercard Move, the company’s global money movement platform. Moreover, the integration helps improve payment speed, transparency, and reliability across supported markets.
Faster Cross-Border Transfers
The enhanced Quick Remit service allows eligible Mashreq customers to send money quickly through the bank’s digital banking channels. Therefore, users can complete international transfers with greater speed while benefiting from transparent pricing and fewer intermediary charges.
The expanded corridors support Mashreq’s commitment to delivering seamless digital financial services. In addition, Mastercard Move provides secure connectivity across an extensive international payments network, helping improve the customer experience for cross-border transactions.
Fernando Morillo, Group Head of Retail Banking at Mashreq, said, “Our collaboration with Mastercard marks another important milestone in enhancing the cross-border payment experience for our customers. By expanding Quick Remit through Mastercard Move, we are providing faster, more transparent, and more accessible remittance services that meet the evolving needs of individuals and families.”
“At Mastercard, we are committed to making cross-border payments as simple and seamless as domestic transactions. Together with Mashreq, we are expanding access to secure, efficient, and transparent money movement solutions that connect people and businesses around the world,” said a Mastercard representative.
Supporting Digital Financial Innovation
Mashreq continues investing in digital banking capabilities that simplify international payments. As a result, customers benefit from real-time or near-real-time transfers across an expanding list of destinations through Quick Remit.
Meanwhile, Mastercard continues broadening its global payments infrastructure through Mastercard Move. Furthermore, the platform supports transfers to bank accounts, digital wallets, cards, and other payment endpoints across more than 200 countries and territories.
Expanding the Future of Remittances
Demand for fast, digital cross-border payments continues to grow worldwide. Therefore, partnerships between banks and global payment networks are becoming increasingly important for improving customer experiences.
The expanded Mashreq and Mastercard collaboration positions Quick Remit for continued growth while supporting secure, efficient, and transparent international money transfers. Consequently, the initiative reinforces both companies’ commitment to advancing digital financial services across the region and beyond.
