- Emirates NBD and Visa partnership will offer existing bank’s customers faster, secure and quicker means to send money to Visa cardholders within the GCC
- Emirates NBD first bank in the UAE to launch Visa+ (Visa Direct Alias Directory) for its customers
- Visa study: 73% of expats in UAE plan to send more money abroad, presenting a strong opportunity for digital remittances
Dubai, UAE, 14 April 2025: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has partnered with Visa, a global leader in digital payments, to become the first bank in the UAE to launch Visa+ (Visa Direct Alias Directory) for its customers. This innovative service offers Emirates NBD’s customers a more convenient, secure and faster way to send money to Visa cardholders within the GCC, reshaping the remittance and money transfer landscape in the UAE.
The partnership comes as digital methods are rising in popularity among remittance senders in the UAE. In line with this trend, Visa+ is designed to meet the growing demand for digital remittances, with more than half (56%) of UAE users surveyed by Visa’s Money Travels study indicating that they expect to use digital money transfers more often in the future. The study also revealed that 73% of remittance users in the UAE plan to send more money abroad, presenting a strong opportunity for digital remittances.
Deepak Chandran, Group Head of Retail Products at Emirates NBD, commented: “As a leading local bank committed to innovation and shaping the future of the UAE’s digital economy, Emirates NBD is proud to strengthen our longstanding partnership with Visa. We are excited to be at the forefront of bringing Visa+ to the UAE, offering our customers a seamless and secure way to send money across the GCC. This launch reaffirms our commitment to delivering cutting-edge solutions that enhance convenience, security, and flexibility for our customers. By continuously evolving our offerings, we reinforce our leadership position in the UAE banking sector and set new benchmarks in digital payments.”
“At Visa, we are committed to enhancing the remittance experience for senders in the UAE. The launch of Visa+ with Emirates NBD will transform the way people send money and help reshape the entire remittance landscape in the region. This innovative service benefits not only the senders, but also the families, communities, and economies worldwide that rely on these vital funds,” said Salima Gutieva, Visa’s VP and Country Manager for UAE.
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), loan disbursements, 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 Visa.com.
About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st December 2024, total assets were AED 997 billion, (equivalent to approx. USD 271 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 848 branches and 4,601 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.87 billion.
Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.
Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE’s main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE’s Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
For further information on Emirates NBD, please contact:
Ibrahim Sowaidan
Senior Vice President
Head – Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: [email protected]
Burson
Dubai, UAE
Tel: 971-4-4507600;
Email: [email protected]