Global partnership established between ADIB and Visa, introducing a new real-time international money transfer service
Abu Dhabi Islamic Bank Launches Revolutionary Cross-Border Money Transfer Service
Abu Dhabi Islamic Bank (ADIB) has partnered with Visa to launch Remit!, a groundbreaking real-time cross-border money transfer service. This collaboration marks a significant step forward in the digital transformation of the region's payments infrastructure [2][4][5].
The service, powered by Visa Direct, allows ADIB customers to send money instantly to over 11 billion cards, digital wallets, and accounts worldwide. As a result, ADIB becomes the first bank globally to offer such a wide reach with its cross-border money transfer service [2][4][5].
The partnership addresses the demand for faster, more convenient remittance options for customers in the UAE and wider region. High fees and the need to travel to a physical location to complete a transfer are among the most frequently reported frustrations in the UAE [1].
Remit! is designed to offer real-time, secure, and convenient cross-border money transfers, catering to individuals who require funds for family support, personal needs, or other purposes [6]. The service reaffirms ADIB's commitment to digital innovation and customer-centric financial services [7].
Amit Malhotra, Global Head of Consumer Banking at ADIB, emphasised the high demand for fast, secure, and reliable cross-border transfers in the Middle East. He stated that, on average, consumers in the UAE send money abroad 1.4 times per month [8]. According to Visa's 2025 remittance study, 95% of surveyed consumers in the UAE send money abroad at least once per year [8].
Visa Direct, Visa's global money movement network, enables real-time, secure transfers to cards, wallets, and accounts globally. Visa+, a solution offered by Visa Direct, allows businesses and financial institutions to send funds using a recipient's mobile number or email. Visa+ is already active across key GCC corridors, including the UAE, Qatar, and Bahrain, and helps streamline a range of use cases, from peer-to-peer payments to business disbursements and cross-border remittances [9].
The launch of Remit! is part of a broader push by Visa to expand real-time money movement across the Middle East. As consumers increasingly seek digital solutions for sending funds abroad, such collaborations help modernise the region's payments infrastructure [10]. The partnership aims to support greater financial inclusion in the region [3].
In conclusion, the ADIB–Visa collaboration ushers in a new era of efficient, transparent, and accessible cross-border payments that benefit consumers and businesses by reducing transaction times and expanding accessibility [4][5]. This service is a testament to ADIB's commitment to innovation and enhancing customer experience, providing a seamless and secure way for its customers to send money across the globe.
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