BisB to launch ‘Visa+’ International Money Transfer Service

TDT | Manama

Email: mail@newsofbahrain.com

Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has announced another new innovative solution with the launch of Visa+ service, a new international remittance service developed in partnership with the BENEFIT Company and Visa, a world leader in digital payments.

Through this service, BisB customers can now send money instantly to selected regional banks in the GCC using the BenefitPay app, simply by entering the recipient’s mobile number linked to their Visa Debit card. In addition, customers can also receive funds instantly from regional partner banks, allowing for seamless two-way transfers. This facility is currently available in selected regional banks in Qatar, and United Arab Emirates, and more countries will be added in due course.

Ms. Fatema AlAlawi, Chief Executive Officer of BisB said, “We are pleased to be one of the first banks in Bahrain to launch “Visa+” service, this latest step in our digital journey reflects our continued commitment to making everyday banking faster, simpler and more convenient for all our clients, Bahraini and non-Bahraini clients as well. We remain committed to providing products that make banking simpler and more accessible for everyone we serve.

“ The introduction of Visa+ strengthens BisB’s position as a digital-first institution delivering effortless money transfer services that support the everyday banking needs of its clientele across the region.