The first of-its-kind remittance service in Kuwait will allow Al Muzaini customers to transfer funds to overseas Visa cards in near real-time.
Al Muzaini Exchange Co has announced the launch of Visa Direct, a new remittance service, which is a cross border fund transfer service that allows fund transfers to overseas Visa debit, credit or prepaid cards via Al Muzaini’s 120 Branches.
The launch event was attended by Mr Hugh Fernandes, General Manager – Al Muzaini Exchange Co and Uttam Nayak, Visa’s Senior Vice President for Visa Direct for CEMEA region
This Visa Direct service leverages Kuwait’s most popular brand – Al Muzaini Exchange Co, as well as Visa’s extensive global reach to offer a seamless and secure option to move money globally.
Al Muzaini customers will be able to send funds to Visa cards in 125 countries such as UAE, Qatar, Saudi Arabia, Oman, Jordan, Turkey, Lebanon, Europe, UK, Canada, Australia, New Zealand, China, many countries in Africa and South America .Additional countries will be added to this service periodically.
Hugh Fernandes, GM, Al Muzaini Exchange Co, said: “We are pleased to be partnering with one of the world’s largest electronic payment networks to launch Visa Direct services. Visa Direct service is a great addition to Al Muzaini’s remittance proposition where a customer will be able to send money almost instantly to fast funds enabled cards. The service will be available at all our 120 locations spread across Kuwait and will soon be available 24×7 on Al Muzaini Mobile App. We are absolutely elated to be the first in Kuwait to launch Visa Direct Service “
Ankush Devadason, Visa’s Country Manager for Kuwait, said: “We are delighted to see Al Muzaini Exchange Co be the first exchange house in Kuwait to launch Visa Direct. Our partnership strives to bring digital-first solutions that meet Kuwaiti consumers’ increasing expectations for seamless and secure payment and remittance experiences. With Visa Direct, Al Muzaini Exchange’s customers will have access to our billions of Visa cardholders worldwide and the backing of our trusted global network for fast, easy and secure transfers.”
Al Muzaini is committed to implementing new and innovative remittance solutions for a fast, safe, and secure experience, new corridors will be added to the Visa Direct service periodically.