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UAE Exchange Extends FLASHremit in Philippines

- Joins hands with "Asia United Bank" and "Metropolitan Bank & Trust Co" - Account credit in real time - SMS notification to both parties on account credit

Abu Dhabi, United Arab Emirates, May 12, 2012 --( "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 Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, talking on the occasion of UAE Exchange joining hands with "Asia United Bank" and "Metropolitan Bank & Trust Company," for FLASHremit. The leading global remittance and foreign exchange brand, partnered with the leading banks in Philippines, for extending the real time account credit facility to more customers.

"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. Our relationship with our partners has only grown stronger with this association, which will reflect as value addition to our customers across the length and breadth of the country," added Mr. Sudhir.

FLASHremit 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. 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.

Apart from FLASHremit, UAE Exchange offers wide range of services, backed by state-of-the-art technology. Its services meet the financial needs of its 3.5 million plus customers worldwide. The range includes Xpress Money, the instant money transfer service with over 135,000 payout locations in more than 125 countries;, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart Pay, the WPS-compliant leading payroll solution; Gocash, the prepaid travel card; and XPay, the online bill payment service using mobile phone. These popular services have made UAE Exchange a true financial supermarket.

The remittance majors penchant for quality has not only brought quality services for its customers, but also has won it many awards including the Banker Middle East Product Award, Dubai Quality Award, Sheikh Khalifa Excellence Award, Sheikh Mohammed bin Rashid Al Maktoum Business Award, Dubai Human Development Appreciation Programme, Dubai Service Excellence Scheme Award, Best Partner by Emirates National Development Program, UAE Emiratisation Award, Dubai Service Excellence Scheme Award, Deutsche Bank STP Excellence Award, Customer Service Week Star Award in 2009 & 2011, ISO 9001 & 14001 certification and voted Superbrand status in 2009, 2010, 2011 and 2012 consecutively and more.

The event was held with much fanfare. It was attended by senior officials of UAE Exchange and the partnering banks and the Media.
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UAE Exchange
Aterta Lahcen

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