Xpress Money partners with UPT (Universal Payment Transfer) Service in Turkey
~ All Turkish Post Office Locations to offer Xpress Money services as part of this strategic partnership ~
Turkey: October, 2014: Xpress Money, one of the world's most dependable money transfer brands, today announced its collaboration with UPT (Universal Payment Transfer) service in Turkey. This partnership will help consolidate Xpress Money's presence in the country, where customers will be able to access the brand's send and receive services at over 3,500 Turkish Post Office locations across the country.
In the first phase, Xpress Money has launched its convenient Cash to Cash services in the country. The brand is also offering its customers an added benefit with its Any branch Payout Model, wherein money sent to Turkish Post Office ( PTT ) in Turkey, can be collected by the beneficiary at any branch of Turkish Post Office ( PTT ) in the country, just by mentioning that the money transfer is available through UPT system. Xpress Money plans to roll out its other services in Turkey in the near future, as phase two of its expansion in the country.
Mr. Sudhesh Giriyan, Vice President & Business Head - Xpress Money, said: "According to the Central Bank of the Republic of Turkey, the remittances to & from Turkey increased to 1,22 USD Billion in 2013 from 1,07 USD Billion in 2012. This indicates that the country's remittance industry in moving upwards, which makes Turkey an important market of us International Money Transfer Operators. Therefore, we have strategically focused on increasing our footprint across the country, and this partnership with UPT( Universal Payment Transfer) is a step in the same direction. We are committed to providing the best value to our customers, whether they are the ones sending the money or receiving it. This partnership will help beneficiaries receive money with greater convenience and ease; we will continue innovating with our service offerings so that more people can benefit from them in future."
Mr. Erol ULU, CEO of UPT (Universal Payment Transfer Inc.), said: "Everyone who is doing business, studying, living or working abroad is transferring money. It is an important and common service used almost all over the world. Over the past ten years the economic growth in Turkey has resulted in an increase for workers remittances from Turkey, surpassing the growth of remittances from abroad. With its own infrastructure UPT ( Universal Payment Transfer ) fills an important gap through establishing an international partner network. In a short span of two years, UPT (Universal Payment Transfer) has established partnerships with partners in 249 countries and has reached over 400.000 service points"
When receiving money, the beneficiary needs to provide valid ID and the unique 16-digit Xpress Personal Identification Number (XPIN). The beneficiary also has to state that the money is available through UPT money transfer system. As soon as the money is collected by the beneficiary, the sender will receive a confirmation via SMS.
About Xpress Money:
Xpress Money is a global money transfer brand with a thriving presence in more than 150 countries in 5 continents across 170,000 agent locations. Xpress Money has come to be known as the most dependable international money transfer brand and provides its customers a simple, fast & safe way to transfer money through innovative technology, superior customer service and its extensive worldwide network. For more information, follow us on
Facebook: www.facebook.com/XpressMoney, Twitter: @Xpress_Money or visit www.xpressmoney.com
About UPT (Universal Payment Transfer Inc.):
UPT ( Universal Money Transfer ) is the first and only Turkish international money transfer brand, that belongs to Aktif Bank which is the largest investment bank in Turkey.
UPT ( Universal Money Transfer ) is a Turkish payment system for sending and receiving domestic and international money transfers in Turkish Lira, USD or EUR for cash payout or to any local bank account or credit card from any UPT Service Location all over the world without having a bank account.
UPT is fully integrated with EFT (domestic currency online clearing system) , SWIFT and other money transfer institutions all over the world through Aktif Bank core banking platform. It's also integrated to the core transaction platform of PTT (Turkish Post) that enables the customers in Turkey to send and receive money, domestic and international, through more than 3500 post offices. By using UPT, customers have the option to send and receive money in cash or to a bank account all over the world.
About Aktif Bank:
Aktif Bank is the largest investment bank of Turkey. The Bank operates in retail banking, investment banking and regional banking areas. Aktif Bank's innovative and entrepreneurial business model has been granted 68 international awards in the last four years along with successful financial results. The Bank has been awarded as the World's Most Innovative Bank in the area of distribution channels. Aktif Bank pioneered various innovations in investment banking era such as first bank bond, first asset backed security and first project financing sukuk of Turkey. The Bank named its unique business model as the "New Generation Banking". In 2014, JCR-Eurasia Rating has evaluated Aktif Bank in a high-level investment category and affirmed its ratings on the Long Term National Scale as 'AA (Trk)' along with a 'Stable' outlook.