Metro Bank expands remittance service

In a move to expand its presence in the Middle East, the Metropolitan Bank & Trust Co. (MetroBank) has come to an agreement with a Saudi Arabian bank for a remittance service tie up. The partnership between the National Commercial Bank (NCB), the first bank established in Saudi Arabia and the Metro Bank is expected to increase the penetration of the Metro Bank in Saudi Arabia. According to the agreement, Metro Bank will be fulfilling the operations of NCB’s Philippine bound NCB QuickPay.

 

Metro Bank has a network of over 800 local and international branches, remittance offices and subsidiaries worldwide. In Saudi Arabia it has six partner banks that serve as its remittance offices. Saudi Arabia is one of the biggest sources of OFW remittances to the Philippines. The modes of payment under the agreement are credit to Metro bank accounts, cash pick-up transactions at Metro bank branches and door to door cash delivery.

 

Advertisements

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: