Posts Tagged ‘Metro Bank’

Metro Bank expands remittance service

May 26, 2008

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.

 

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