Fintech has the potential to alter financial services in the GCC by 2020, said an industry expert, adding that service is still in emerging status due to the lack of consumer confidence, issues of scale, and regulatory compliance.
Xpress Money, one of the world’s leading money transfer brands, witnessed a 12 per cent growth in its global operations in 2016, propelled by customer loyalty and a strong agent network.
Xpress Money saw its traditional remi
Xpress Money, a global money transfer brand, witnessed a 12 per cent growth in its global operations in 2016, propelled by customer loyalty and a strong agent network.
Xpress Money saw its traditional remittance corridors linking
WorldRemit, an online money transfer service, and Xpress Money, a global leading money transfer brand, have announced a partnership to open up new remittance routes across Africa and Asia.
Through Xpress Money’s extensive ag
Xpress Money, a global leading money transfer brand, saw a 20 per cent growth in its Qatar business in 2015 as compared to 2014.
The growth trend continued into 2016 as well, with Xpress Money’s September 2016 remittance fig
Remittances to low and middle-income countries (LMICs) are projected to hit $442 billion in 2016 – an increase of 0.8 per cent over the previous year, according to a World Bank report.
Remittances to the Mena region are expe
Xpress Money, a leading money transfer brand, has partnered with Dubai-based NGO SmartLife to offer education support for the children of blue collar workers employed in the UAE.
The initiative is spearheaded by Xpress Money&rsquo
Xpress Money, one of the world’s most dependable money transfer brands, has called for a liberalization of remittance markets towards an open structure to create economic efficiencies and equality in the Mena region.
Egypt received an estimated $19.7 billion in remittances from the world over in 2015, of which $1.83 billion came from the UAE, according to remittance data of World Bank.
Meanwhile, Jordan received $3.8 billion from countries acr
The Middle East is among the top outward remittance hubs in the world, with the figure in excess of $120 billion for 2015, a report.
Remittances within the Middle East are rising rapidly as well, particularly with the Arab nationa