iFAST Global Bank unveils cross-currency transfer service

This allow money transfers to over 50 countries in more than 25 currencies.

iFAST Global Bank (iGB) has launched EzRemit, a cross-currency service transfer for its digital personal banking customers, allowing money transfer to over 50 countries in more than 25 currencies.

EzRemit can facilitate transfers to international banks and over 50 e-wallets, including Malaysia’s TNG, the Philippines’ GCash and Pakistan’s Easypaisa.

Near-instant transfers can now be “completed within minutes and most within 48 hours,” depending on the receiver’s bank and country they are in, said Simon Lee, general manager of DPB division, n

Eligible deposits of customers’ cross-currency transfer are protected up to £85,000 ($145,650) per person under UK’s Financial Services Compensation Scheme (FSCS).
(£1 = SG$1.71)

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