Global remittance company UAE Exchange celebrated its 35th anniversary in business Friday.
The firm, based in Abu Dhabi, now handles $26 billion annually -- 25.4 million transactions -- making them the world's largest global remittance company. There are 800 UAE Exchange branches in five continents.
"As the world’s third largest migrant destination, the evolution of the remittance industry in the Gulf region has a global significance," Promoth Manghat, UAE Exchange CEO, said. "Literally, from snail-paced remittance transactions to sending money in a flash with the aid of superior technology, UAE Exchange has moved at a brisk pace with significant milestones of service innovation on the way."
Manghat said the company's growth could also be attributed to their embracing of technology.
“The sophistication and awareness of customers is now high among all categories of migrants with smart technology paving the way to this evolution and at UAE Exchange our endeavour is to keep up with the pace of change,” Manghat said.
More Stories
- KHALIFA UNIVERSITY: KU Winter Webinar Series
- ISLAMIC CHAMBER OF COMMERCE, INDUSTRY AND AGRICULTURE: ICCIA Congratulates H.E Ambassador Hussein Ibrahim Taha on His Election as the New Secretary General of the Organization of Islamic Cooperation
- FREE UNIVERSITY OF BRUSSELS: 20th edition of the IEE-ULB GEM books
- ISLAMIC CHAMBER OF COMMERCE, INDUSTRY AND AGRICULTURE: The Arab Telecommunications and Information Council of Ministers Approved in It's 24th Cycle on the Selection of Egypt
- AJMAN UNIVERSITY OF SCIENCE AND TECHNOLOGY: Ajman University and Al Dobowi Group Launch New Named Scholarship to Aid Deprived Students
- AJMAN UNIVERSITY OF SCIENCE AND TECHNOLOGY: Ajman University’s Internationalization Efforts Thrive Despite Covid-19 Challenges
- AJMAN UNIVERSITY OF SCIENCE AND TECHNOLOGY: Ajman University Alumnus Maha Al Jaffer appointed UNICEF National Ambassador to Sudan
- KHALIFA UNIVERSITY: Khalifa University’s Seawater Energy and Agriculture System (SEAS) Recognized by Global Water Awards
- KUWAIT QATAR INSURANCE COMPANY: QLM Life & Medical Insurance Company QPSC announces its QAR 659,400,000 IPO on the Qatar Stock Exchange
- AJMAN UNIVERSITY OF SCIENCE AND TECHNOLOGY: AU’s Dr. Mona Salameh Wins Best Paper Award at Key Global Engineering Conference
Opinion
-
BAHRAIN INSTITUTE OF BANKING AND FINANCE: BIBF and Chartered Governance Institute to Advance Governance Excellence in the Kingdom
- COUNCIL OF SAUDI CHAMBERS: The Council of Saudi Chambers organizes the Saudi-Omani Investment Forum
- ABU DHABI UNIVERSITY: Reaching 75% Construction Completion
- ABU DHABI UNIVERSITY: ADU Inaugurates IEEE 2019 International Conference on Imaging Systems and Techniques
- COUNCIL OF SAUDI CHAMBERS: Council of Saudi Chambers organizes the 12th Ministerial Conference in Najran His Excellency the Minister of Commerce and Investment
Alerts Sign-up