UAE Exchange, Filipino banks in remittance deal
Abu Dhabi, May 10, 2012
UAE Exchange, a leading global remittance and foreign exchange brand, has partnered with leading banks in the Philippines for extending the real time account credit facility to more customers.
"Reducing the turnaround time of crediting to bank accounts, to real time, for our Filipino customers, is our aim. FLASHremit enables us to address it perfectly, taking money transfer to the next level,” said Y Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, speaking on the occasion of UAE Exchange joining hands with Asia United Bank and Metropolitan Bank & Trust Company, for FLASHremit.
"Philippines is one of the most active remittance receiving markets. To bring more convenience to the hard working Filipino expatriates and their families in Philippines, we have found like-minded partners in Asia United Bank and Metropolitan Bank & Trust Company.”
FLASHremit enables the beneficiary to receive money in their bank account within minutes, in a secured manner.
The moment the amount is credited to the beneficiary’s account, an SMS notification is instantly sent to the mobile phones of both the sender and the receiver, thus reducing on the follow up costs.
UAE Exchange has a strong correspondent relationship with over 150 global banks. Other than Philippines, currently FLASHremit is active in India, Nepal and Sri Lanka. Soon more banks and countries will be able to avail this quality service. – TradeArabia News Service