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 | rachelle.auyeung@ifastgb.com
/ corpcomms@ifastfinancial.com
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