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Mashreq bank unweils mobile banking service
Powered by the Vipera mobile banking platform


Mashreqbank offers mobile banking to 6 million users across the UAE Monday 10 November 2008 | 03:51 PM CET

United Arab Emirates (UAE)-based Mashreqbank has launched its Mashreqbank Mobile Banking service based on Vipera's mobile banking platform.

The bank will provide 6 million users across the UAE with 24/7 access to its mobile banking service, from any GPRS / 3G / wireless (Wi-Fi) network, anywhere in the world. In order to sign up for the service, users must have a Mashreqbank account, access to online banking and a mobile phone subscription with mobile operators Etisalat or Du. The bank does not charge its customers for utilising the service.

Mashreqbank mobile banking users can view account balance, account details, recent transaction and transaction details, as well as transfer money between their accounts, to third party accounts and interbank. They can also pay bills and top-up their mobile phone credit. Settings and alert management (change frequency of statements, thresholds for alerts on account operations) and customer relationship management support services are also available. Vipera Mobile Banking is based on open standards and can be integrated with existing Core Bank Systems via various middleware and EAI interfaces.

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Finextra:

In keeping with the fast-paced lifestyle of the region, Mashreq Mobile Banking will provide customers secure and fully transactional access to their bank accounts through their mobile phones 24/7, from any GPRS / 3G / wireless (Wi-Fi) network, anywhere in the world.

Douglas Beckett, Head of Retail Banking at Mashreq, comments, 'Mobile banking is emerging as a key service for consumers who expect their bank to be available to them anytime, anywhere and globally. We are enabling 6 million users across the UAE who have mobile phones to connect with their bank account in a more convenient way than any of our competitors.'

Used at the customers' convenience, Mobile Banking provides a secure, user-friendly solution to an emerging demand for managing and tracking finances around the clock.

Services include full access to the details and transactions of personal bank accounts, as well as making Credit Card and utility bill payments and transferring funds instantly.

Signing up for Mashreq Mobile Banking is simple and straightforward.

All that is required is a Mashreq account, access to online banking, and a mobile phone with an 'Etisalat' or 'du' subscription.

Users will be able to register for the service through MashreqOnline by downloading the mobile banking application to their phones; the process is quick and easy to follow.

Once installed, the customer is free to use the Mobile Banking service at their own convenience, completely free of charges from the bank.

The only cost is the normal call cost by the network operators.

Mobile Banking reinforces Mashreq's strategic approach of introducing innovative and convenient solutions for all its customers'.

Earlier this year, Mashreq launched the Etisalat-Mashreq credit card, the region's first co-branded loyalty card that offers customers' free talk time for every Dirham spent.

'This was a huge success for Mashreq. We are extremely happy with the launch results which have significantly exceeded our expectations. We continue to build on the success of such products and services which position Mashreq as clearly the most convenient bank in the UAE. We 'do banking' allowing our customers to focus on the important things in their lives.'


Publisher Contact Information:

Vipera GmbH - Mobile Financial Solutions Provider
+41 56 534 6167
silvano.maffeis@vipera.com

Company profile of Vipera GmbH - Mobile Financial Solutions Provider
Past press releases of Vipera GmbH - Mobile Financial Solutions Provider.

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