Fintech PR
iFAST Global Bank Unveils Cross-Currency Transfer Service for Digital Personal Banking Customers
LONDON, Sept. 3, 2024 /PRNewswire/ — iFAST Global Bank (“iGB”), the digital banking division of iFAST Corporation Ltd. (“iFAST Corp”), is excited to introduce EzRemit, a revolutionary service transforming cross-currency transfers for its Digital Personal Banking (“DPB”) customers.
Building on iGB’s existing success with Business-to-Business clients, EzRemit now empowers DPB customers to transfer money swiftly and affordably to over 50 countries in more than 25 currencies. EzRemit facilitates transfers to international banks and over 50 e-wallets via its EzWallet feature, including Malaysia’s TNG, the Philippines’ GCash and Pakistan’s Easypaisa.
“We envision the future of digital banking and wealth management to be one where people from various emerging markets are looking for the best platforms that can provide seamless access and connectivity to global products and exchanges. The bank’s Digital Personal Banking customers can now benefit from doing cross-currency transfers to international banks and e-wallets quickly and are no longer confined to the financial players in their local markets. This new service brings us one step closer to realising our vision of building a truly global business,” said Mr Lim Chung Chun, CEO, iFAST Corp.
“EzRemit is our latest commitment to delivering fast, fee-free, and seamless transfers, catering to the evolving needs of our customers in the UK and globally.” Simon Lee, General Manager of the Digital Personal Banking division, added. “Traditionally, cross-border transfers via SWIFT can take a couple of days for people to receive the money and can be quite costly in terms of fees. With the launch of EzRemit for our Digital Personal Banking customers, we can offer near-instant transfers, with many completed within minutes and most within 48 hours, with variations depending on the receiver’s country and bank,” said Mr Simon Lee, General Manager of the Digital Personal Banking division.
EzRemit’s key benefits:
- Speed: Near-instant transfers, with many completed within minutes and most within 48 hours, with variations depending on the receiver’s country and bank.
- Competitive FX Rates: Access competitive exchange rates updated every minute, for over 25 currencies.
- No Fees: Enjoy fee-free cross-currency transfers, delivering exceptional value.
- Security: Clients’ cross-currency transfer journey with iFAST Global Bank, a fully-licensed UK bank, starts on a secure footing, as their eligible deposits are protected up to £85,000 per person under UK’s Financial Services Compensation Scheme (FSCS).
For more information, visit https://www.ifastgb.com/home.
About iFAST Global Bank Limited (“iGB”)
iGB is a fully-licensed UK bank and a subsidiary of iFAST Corporation Ltd. iGB provides multi-currency deposits, domestic and international payments, and currency exchange services. Regulated by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), iGB is a direct member of the Bank of England Faster Payment Scheme, Clearing House Automated Payment System (CHAPS) and SWIFT.
About iFAST Corp
iFAST Corp is a digital banking and wealth management platform, with assets under administration of S$22.37 billion as at 30 June 2024. Established in Singapore in 2000 and listed on the SGX-Mainboard in 2014, iFAST Corp also operates in Hong Kong, Malaysia, China, and the UK. For more information, visit http://www.ifastcorp.com.
Contacts: Rachelle Au-Yeung | (+44) 7793 469015 | [email protected] / [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/ifast-global-bank-unveils-cross-currency-transfer-service-for-digital-personal-banking-customers-302236556.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
Photo – https://mma.prnewswire.com/media/2557788/image.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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