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Commercial Bank of Dubai and Thunes partner to offer real-time international remittances

24 June 2020

Singapore/Dubai, 24 June 2020 - Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction flows between the UAE and the rest of the world.

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CBD Dubai Trade Press Rlease-inner

20 February 2017

CBD appreciated as a key strategic banking partner by Dubai Trade

The consistent efforts and technological advancements made by Commercial Bank of Dubai to add valuable inputs to Dubai’s progress in trade and commerce as a strategic banking partner, CBD earned well-deserved appreciation from Dubai Trade, the single window for cross-border trade and a DP World company. 

At a special event organized to felicitate the efforts of its key strategic partners, Dubai Trade proudly recognized and appreciated CBD’s meritorious contribution towards their partnership. Noteworthy mention was made of CDB’s innovative smart banking services and its commitment to bringing the latest in smart banking technology and e-acquiring services to the trading and logistics community in Dubai.

Emphasizing the importance of smart technology in modern banking and notably appreciating CBD’s commendable efforts towards ensuring the best of smart banking services, Eng. Mahmood Al Bastaki, CEO of Dubai Trade, said: “Dubai Trade greatly values its partnership with Commercial Bank of Dubai and appreciates the efforts made by CBD to bring smart banking services to the trading community in Dubai through our secured e-payment gateway “Rosoom”. The technologically advancement achieved by CBD has helped to evolve banking standards to the highest levels, with its innovative smart services and products that are of great value to the trading community.”

Speaking on the occasion, Assem Fikree, Director of IT and Operations of CBD, said: “CBD is proud to partner with Dubai Trade to formulate and launch initiatives to enhance smart trade in Dubai while working towards achieving Dubai’s vision to become the world’s smartest city. This is being made possible through intelligent utilization of smart e-services to their optimum potential, thereby encouraging better trade relations and smoother commercial flow in Dubai.

Giving a broad perspective of the partnership and its way forward, Amol Bahuguna, Head of Payments and Cash Management, said, “Dubai Trade is offering trade and logistics services through its online portal dubaitrade.ae with easy access to a complete bouquet of services round the clock, and at any place, using smart applications. As a strategic partner, CBD plays an active role by adding its own expertise in specific areas of these smart initiatives by Dubai Trade and in particular on “Rosoom””

With more businesses and trading entities steadily migrating towards e-commerce and online entrepreneurship, the partnership between Dubai Trade and CBD assumes even greater strategic importance. It helps to provide the optimal benefits of smart banking services to the rapidly growing and increasingly technology dependent trading community.  

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