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UAE's Al Ghurair International Exchange joins hands with Western Union to facilitate remittances to billions of bank accounts in 51 countries11, April, 2017
Dubai: Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide money transfer company, has partnered with Western Union to expand its reach to billions of bank accounts by enabling account credit facilities for cross-border consumers.
The account payout service by Western Union is a quick, secure and cost-effective way to transfer money to a bank account at the most competitive exchange rates, within minutes. Currently, the service is available to billions of bank accounts in 51 key remittance receiving countries around the world.
Imad ul Malik, General Manager, Al Ghurair International Exchange said, "We are pursuing innovation in consumer facilitation by capitalising on the emerging choice in money transfer channels. Western Union's account payout service connects us to many of the major banks worldwide. The additional ability to pay out in billions of bank accounts gives consumers' unparalleled choice when sending money through all Al Ghurair International Exchange locations across the UAE."
Hatem Sleiman, Regional Vice President Middle East for Western Union, added, "At Western Union we are working to provide consumers with convenience and choice in how they send money around the world. We are very pleased to work with Al Ghurair International Exchange to offer the account payout service to their customers at locations across the UAE."
Al Ghurair International Exchange launches IMPS service for Indian customers in the UAE06, April, 2016
For those sending from the UAE to India, Al Ghurair International Exchange has just made things a little easier. With the launch of Immediate Payment Service (IMPS) through IndusInd Bank, Indians residing in the UAE can transfer funds instantly and securely to IMPS- enabled banks in India 24/7, including Sundays and bank holidays.
IMPS is an instant, real-time electronic funds transfer system in India that enables customers with the convenience of using their phones to transfer money to banks in India instantly.