October 8, 2007 at 10:12 am · Authored by Alex · Filed under Mobile Commerce

Link: Khaleej Times Online - NBAD launches money transfer service by SMS

Clients of National Bank of Abu Dhabi (NBAD) may now transfer money to any person in the UAE who has a mobile phone, through SMS (short message service), or text message, the bank yesterday said in a statement.

Launched early this month, an NBAD customer has to contact the bank’s call centre, which will help facilitate the transaction. The message will include a temporary PIN (personal identification number), to be used on any of NBAD’s 184 ATM machines for the payment. Saif Al Shehi, general manager, NBAD’s domestic banking division, said the service answers the high demand for a reliable and secure modern transaction system with the help of mobile phones. “It also represents a part of NBAD initiatives to provide our customers with more electronic banking solutions as we strive to make banking with us easier,” he said.

NBAD have also announced a deal with mobile payment provider LUUP.