DU launched a money transfer service in more than 200 countries

DU Mon­ey Trans­fer can be a good option if you live in the UAE and are look­ing for an easy and cheap way to send mon­ey abroad. Mil­lions of peo­ple come to the Unit­ed Arab Emi­rates to work and earn jobs, but they face a lot of dif­fi­cul­ties in send­ing mon­ey. In such a sit­u­a­tion DU has intro­duced its finance sys­tem which is a good step.

Report:

DU recent­ly launched a mon­ey trans­fer ser­vice in more than 200 coun­tries, part of its larg­er fin­tech push. DU has also con­firmed this and said that soon all peo­ple will be able to get the ben­e­fits of this ser­vice.

A new ser­vice called DU Mon­ey Trans­fer allows users to send mon­ey around the world using their DU SIM cards or the app. Mon­ey trans­fers are made instant­ly and can be paid to the recip­i­ent as cash or deposit­ed into a bank account.

The new ser­vice could ben­e­fit mil­lions of peo­ple liv­ing in the UAE with fam­i­ly and friends world­wide. It will also be a con­ve­nience for those who send mon­ey abroad for busi­ness or oth­er pur­pos­es. Users will be able to receive their deb­it cards linked with Du Pay dig­i­tal wal­let and they will be able to send and receive mon­ey using IBAN.

The launch of DU Mon­ey Trans­fer marks the grow­ing com­pe­ti­tion in the UAE’s finan­cial ser­vices sec­tor. In recent months, sev­er­al oth­er telecom­mu­ni­ca­tions com­pa­nies and fin­tech star­tups have launched their own mon­ey trans­fer ser­vices. This trend could help the UAE emerge as a major hub in the glob­al finan­cial sys­tem.

Key features of DU Money Transfer:

1. Trans­fer mon­ey to over 200 coun­tries
2. Quick and safe trans­fer
3. Deposit in cash or bank account
4. Com­pet­i­tive prices
5. Easy access via DU SIM card or app
6. With­draw using Deb­it card
7. Get an Account IBAN for send­ing and receiv­ing mon­ey

To use DU Mon­ey Trans­fer, you have to do the fol­low­ing steps:

1. Down­load the DU Mon­ey Trans­fer app or vis­it your DU web­site.
2. Cre­ate a new account or log in to your exist­ing DU account.
3. Click on “Send Mon­ey”.
4. Select the des­ti­na­tion coun­try, recip­i­ent infor­ma­tion and the trans­fer amount.
5. Select a pay­ment method and enter your pay­ment infor­ma­tion.
6. Click “Send”.

After the funds are trans­ferred, you will receive a con­fir­ma­tion email or SMS.

Some impor­tant points about DU Mon­ey Trans­fer:

• DU Mon­ey Trans­fer is only avail­able for DU cus­tomers while DU has said that it will be avail­able to peo­ple on all net­works.
• The min­i­mum trans­fer amount is AED 50.
• The max­i­mum trans­fer amount is AED 100,000.
• Trans­fer fees vary depend­ing on the des­ti­na­tion coun­try.
• Mon­ey trans­fers are usu­al­ly received with­in a few hours.

You can con­tact cus­tomer ser­vice if you have any ques­tions about DU Mon­ey Trans­fer.