Dubai: Now, you can SMS money back home
Link: Dubai: Now, you can SMS money back home
For thousands of expat workers in the UAE, the long wait and serpentine queues at exchange houses to remit money home will soon be an ordeal of the past.
With a new SMS technology, they will now be able to send and receive money instantly around the world, provided they have a ‘salary card’ issued by a leading UAE bank.
In a pioneering effort to provide financial services across the UAE to a category of ‘underserved and unbanked people,’ mostly low income workers, Emirates Bank is introducing this card, which can be used to remit funds, and pay local and international bill by SMS.
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