Mashreq, one of the leading financial institutions in the UAE, has launched 'Mashreq Flash Transfer' a unique remittance service for customers to send a payment instantly to a beneficiary in India. As part of the Mashreq's initiatives to enhance the bank's capability for remittances, this newly launched facility 'Mashreq Flash Transfer' offers the ultimate convenience and speed of service to individuals who want to send money to India including 'instant cash'.

Today sending funds to your family or friends in emergency is no longer an issue. With Mashreq Flash Transfer wherever you are, all you need is a mobile no. of the recipient and you can instantly send cash. It is that simple.

This 24/7 service is free of cost until December for Mashreq customers. Sender can simply choose the beneficiary phone number from the phone book & initiate the payment in a flash - mobile to mobile payment.

With this new service, the credit to the beneficiary bank account is offered instantly to Axis Bank and near instant to other banks in India. The recipient has the option to withdraw cash at any of the 12,000+ Axis bank ATMs; without the need to have an ATM card or bank account. Additionally there is an option to remit funds instantly to a beneficiary having an Axis bank account in India. Credit to other bank accounts will be near instant depending on the NEFT cutoffs in India. The remittance can be initiated by the sender by simply selecting the beneficiary phone number from the phone address book

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