WorldRemit partners with UAE Exchange for instant money transfers
New service rolled out initially to five African countries
London and Abu Dhabi, 10 May 2016: WorldRemit –– has partnered with UAE Exchange - the global remittance, foreign exchange and payment solutions brand - to offer WorldRemit customers instant money transfers for multiple markets.
Through the partnership, WorldRemit customers can now send money instantly to be picked up as cash at UAE Exchange branches in Morocco, Uganda, Rwanda, Kenya and Zambia. Over time, new services will be rolled out across further countries in Africa, the Middle East and Asia.
With the WorldRemit app, people can send money instantly to their friends and family in over 125 different countries. The UK’s fastest-growing technology firm1, WorldRemit customers send over 400,000 transfers every month.
UAE Exchange offers a host of services and diverse remittance channels to its customers. With a network of 800 branches across 31 countries, UAE Exchange has correspondent banking relationships with over 140 global banks.
UAE Exchange has integrated with WorldRemit though WorldRemit’s Payout API – an easy-to-integrate, scalable API built using RESTful architecture that can process a high frequency of requests.
Promoth Manghat, CEO, UAE Exchange, said: “As one of the world’s most innovative remittance and foreign exchange brands, we are delighted to collaborate with another trailblazer in the space. Through our partnership, WorldRemit can benefit from our extensive correspondent network, expanding their coverage into new areas.”
Ismail Ahmed, CEO and founder of WorldRemit, comments: “We are committed to giving people the power to share money anytime, anywhere. By partnering with UAE Exchange, our customers can enjoy a greater range of payout options in more countries that ever before.”
- Deloitte Technology Fast 50 2015 - http://www.fast50.co.uk/2015-winners/2015-winners.aspx