Xpress Money expands its network to Ireland and Denmark

The year 2011 just keeps getting better for the global instant money transfer brand, with a number of business partnerships with prestigious institutions under their belt, Xpress Money has now announced their entrance into 2 crucial markets – Ireland and Denmark, which will greatly enhance their business potential.

Around 19% of Ireland’s population constitutes of immigrants with a number roughly around 900,000, with a major concentration in Dublin and in suburbs like Clondalkin, Tallaght, & Blanchardstown. Ireland enjoys the status of being both a send and receive corridor, latest figures claims that inward remittances are at about USD 618 million and outward remittances at USD 2bn. Xpress Money hopes to leverage this market and provide it’s instant money transfer service to the top source countries that are US, Nigeria, Germany, Philippines and India.

In 2009 the inward remittance to Denmark was at USD 926 Million and has gone up to USD 952 Million in 2010. Outward remittances were significantly higher at USD 3417 Million. Xpress Money’s entry into Denmark couldn’t have been at a more opportune time, with the remittance industry picking up pace. Their first agents in the country is Quick International Money Transfer who will bring on board 40 sub agents.

Sudhesh Giriyan, Vice President, said, “Europe is an extremely dynamic market, with its large and diverse immigrant population. The expansion into Denmark and Ireland is a great start and we are now present in 8 countries in the continent and this is just the beginning. With careful analysis and study we hope to cater specifically to our customers needs we hope to make an indelible impression in the minds of our customers and make Xpress Money a household name.”

About Xpress Money

Xpress Money is a UK based instant money transfer brand with a thriving presence in more than 95 countries in 5 continents across 85,000 agent locations worldwide. Xpress Money is an FSA licensed Authorized Payment Institution (API) that has come to be known as the fastest growing instant money transfer brand worldwide. Xpress Money provides its customers an instant, safe & affordable way to transfer money worldwide. For more information, visit www.xpressmoney.com

The below markets are in the descending order in terms of remittances from Denmark:

• Major foreign nationals living there: Covered up in point 1 and some additional info:

Immigration to Denmark in 2010 from:

Turkey, Germany, Iraq, Poland, Bosnia and
Herzegovina, Nor way, Sweden, Lebanon, the Islamic Republic of Iran, the
United Kingdom

1. The remittance market
1. How much money has been received:  
2. How much money sent out

1. Our plan of expansion

We would be expanding through our existing Super agent, Quick International Money Transfer. They will brin gin 40 sub-agents and we have already activated 3 locations on XM System. Through this agent we will be building our network in Denmark and all the sub agents would be a send and receive partner.

earned the trust of millions of individuals who wish to send money to across the world. In under a decade, Xpress Money has expanded its operations to include 95 countries in 5 continents with 85,000 agent locations, and we’re constantly growing.

Thailand is a key market for Xpress Money, with more than 140,000 Thailand nationals living abroad in countries like US, Malaysia, Australia and UK it is a country that has a receive market worth $1.8bn. It is also a send market as there is a large immigrant population that has made Thailand their home.

To cater to this thriving market Xpress Money has 2 major agents in Thailand – Government Savings Bank and Krung Thai Bank which together have a spread of over 1000 locations across the country.

Sudhesh Giriyan, VP of Xpress Money said, “The remittance industry has become an essential component of the economies of developing countries, with the flow of money from developed to developing countries gaining momentum its impetus on development and growth is tremendous. And this industry has proved to be very powerful.  With Thailand nationals becoming such a large work force globally Xpress Money is making every effort to make our services easily available and affordable and thereby increase our presence.”

World Bank figures claim that in 2010 $325bn dollars was sent to developing countries with the figure said to go up to $404bn in 2013.

Mr. Giriyan finished with, “At this juncture the emphasis is to build a safe and reliable instant money transfer service that the people can come to depend and trust implicitly with their hard-earned money and is something that all we at Xpress Money never rest in giving our customers peace of mind.”

About Xpress Money

Xpress Money Services Limited is the fastest growing instant money transfer company, with a thriving presence in more than 95 countries across 85,000 agent locations worldwide. Xpress Money provides its customers an instant, safe & affordable way to transfer money worldwide. For more information, visit www.xpressmoney.com