Saturday 23 September 2017
 
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Remittance

Ria Money Transfer launches GCC, India expansion

Ria Money Transfer, claimed to be the third largest money transfer company in the world and subsidiary of Euronet Worldwide, has announced its expansion and ramp-up in the GCC countries. The company has more than 50 key business p

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Campaign urges Bangladesh expats to use legal remittance options

UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has launched a new social awareness drive to encourage the use of legal channels for sending money home among the Bangladeshi expatriates in the UAE.

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Xpress Money’s Qatar business rises 20pc

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

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RakBank offers a 60-second remittance to India

UAE-based RakBank has expanded its remittance service, RakMoneyTransfer, offering a 60 seconds money transfer to India through a network of 26 major banks including Axis Bank, ICICI Bank and more. Not only is RakMoneyTransfer a tr

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Digital channels 'offer huge opportunity for remittance sector'

Mobile and digital channels offer a huge growth opportunity for international money transfer organisations (IMTOs) as the industry still remains still 94 per cent 'brick and mortar', an expert said. Digital channels provid

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UAE remittances to Egypt hit $1.83bn in 2015

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

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UAE Exchange sees 6pc remittance growth in Q1

UAE Exchange, a top remittance solutions provider, has announced a six per cent year-on-year growth in its remittance transactions to the Arab corridor in the first quarter (Q1) of 2016. The company has also posted rise in remitta

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Wall Street Exchange business grows 10pc in 2015

Wall Street Exchange, a leading money exchange service provider in the UAE and a member of Emirates Post Group, has reported a 10 per cent growth in its remittance business for 2015. The chief marketing and support services office

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Gulf expats to be biggest victims of oil shock

Saudi Arabia's army of migrant workers will be among the biggest losers from the slump in oil prices and the impact will reverberate to poor countries across the Middle East and South Asia where many of them originate. Saudi A

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India’s Axis Bank boosts remittance offering in GCC

Axis Bank, the third largest private sector bank in India, continues to expand its partner network across the GCC region aiming to further strengthen its remittance offerings, said a top official. The bank has a specific focus on

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