UAE Exchange & Union Bank of India Launch Real-time Account Credit Service FLASH Remit

Union Bank of India (UBI), the first public sector Bank in India to introduce FLASH Remit with UAE Exchange. The service shall be branded UNION FLASH Remit. UBI customers to now experience instant credit to accounts.

Abu Dhabi, United Arab Emirates, January 26, 2012 --( “Indian expatriate customers to experience a revolutionary improvement in turnaround time for Account Credit!” exclaimed Dr. B.R. Shetty, MD & CEO, UAE Exchange, while announcing the news of UAE Exchange and Union Bank of India launching the real time account credit facility, Union FLASH Remit. “UAE Exchange has always walked that extra mile to bring customers, more value. We have always had like-minded partners to achieve this aim. Union Bank of India, a trusted name among millions of customers, is one such strong partner since many years. To enhance the satisfaction levels of our beloved Indian customers, we bring FLASH Remit, which enables instant credit to account,” added Dr. B. R. Shetty.

FLASH Remit has revolutionised the account credit scenario, where the beneficiary will 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. Union FLASH Remit service with Union Bank of India is available 24 x 7, 365 days, which includes Sundays and bank holidays.

UAE Exchange, the leading global remittance and foreign exchange brand, in association with Union Bank of India, one of the leading public sector banks of India, extends this real time account credit facility to all the account holders of Union Bank of India.

Mr. M.V Nair, Chairman & Managing Director of Union Bank of India, said, “Union FLASH Remit is a testimony of our promise to the customers to offer them the best service possible. Taking remittance service to the next level, we present the innovative real time account credit facility, Union FLASH Remit, to our customers. With this product, customer satisfaction shall achieve heights never experienced before, strengthening relationship with our valued customers even more. It gives us great delight to present to you this product in association with our long time remittance partner UAE Exchange, who, like us, is known for value-based services and customer-oriented approach.”

Speaking on the occasion, Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, said, “Satisfaction is to reach new heights for customers, thanks to FLASH Remit being extended to Union Bank of India. Next is the age of Instant Account Credits. With FLASH Remit we are fortifying our proposition of bringing more value to our Indian expatriates, world over.”

The event was attended by senior officials of UAE Exchange and Union Bank of India along with invitees and the Media.

About UAE Exchange
UAE Exchange has brought together an interesting range of products and services.

Along with FLASHRemit, the remittance major offers Xpress Money, the leading global instant money transfer brand; Money2anywhere, the online money transfer portal; Smart Pay, the WPS-compliant leading payroll solution; and XPay, the facility for bill payment using mobile phones. UAE Exchange also has an interesting line-up of popular promotions all year long, which offers high value prizes like cars, gold, villas, cash in millions and more.

UAE Exchange is the largest networked among remittance brands with over 555 direct offices in 30 countries across five continents. We have correspondent banking relationship with over 150 global banks. Over 7000 professionals from more than 40 nationalities strive to ensure that UAE Exchange understands customer needs and provides them with the right solutions.

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Aterta Lahcen