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LuLu Financial begins operations in Hong Kong

HONG KONG, May 3, 2018

LuLu Financial Group, a leading financial services and payments solution brand, has started its operations in Hong Kong with the inauguration of its head office at Hankow Centre in Kowloon.

The branch was inaugurated by Adeeb Ahamed, managing director, LuLu Financial Group in the presence of Surendran Ammitathody, VP-APAC, other senior officials and dignitaries.

The group acquired 100 per cent ownership of a local financial services company in Hong Kong, adding five more branches to its global network. Branded as “LuLu Money” in Hong Kong, this is LuLu Financial Group’s tenth country of operation and second in the APAC region, after Philippines.

Ahamed said: “We are extremely delighted to start our operations in Hong Kong. The Asia Pacific region is home to some of the most dynamic economies and Hong Kong is one of the most strategic markets. We are excited to be part of the region’s growth story.”

“Further to offering our world class services, that has made us one of the most sought after financial services organisation in the world, we will be reaching out to a larger audience through our innovative digital platforms that have been created in-house,” he added.

“LuLu Money” retail outlets will offer money transfer, retail currency exchange and import & export of currencies. The company is also foraying into the digital space, with an aim to revolutionize the fintech environment in the region. The upcoming “LuLu Money” app will have various features including instant online transactions, payment tracking in real time and payment history, among others.

LuLu Financial Group plans to move nearly 30 per cent of its transactions on to the digital platform by 2020, a statement said. – TradeArabia News Service

Tags: Hong Kong |

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