Emirates NBD, a UAE-based bank, has signed an agreement with Al Fardan Exchange to enable E-Money, the Al Fardan Payroll card on the Emirates NBD ATM network.
Through this partnership, Al Fardan cardholders will be able to use the bank’s ATM network for salary withdrawal, balance enquiries and money transfers.
Under the E-money platform, Al Fardan Exchange issues E-money payroll cards, which could be used at Al Fardan Exchange branches and POS terminals in remote sites.
Emirates NBD said that the new agreement extends the use of E-money card to Emirates NBD ATMs for various services related to salary withdrawals and money transfers. The E-money card can now be used at all 650 bank ATMs across the country.
Emirates NBD SVP & head of direct sales &aAlternative channels Mohammed Al Falasi said Al Fardan’s E-Money leverages technology to provide comprehensive payroll and remittance solutions and look forward to working with them to offer value-added services to clients.
Al Fardan Exchange general manager Osama Al Rahma said E-money offers a one-stop shop solution for payroll and money transfer that is cost effective, secure and convenient.
"Our tie up with Emirates NBD, the largest banking group in the UAE with a million plus customer base, will enable us to extend E-money services to a much wider network of people and organizations," Al Rahma said.