Xpress Money

Xpress Money Introduces Flat Fee for Money Transfers to India

~ Only AED15 for All Remittances to India ~

~ No Hidden Costs ~

Dubai-UAE: 10 April, 2012 – Xpress Money, the preferred partner for money transfers in the GCC, today announced it has introduced a flat fee of AED15 for remittances of any denominations to India.

The revised fee comes on the heels of the company’s decision to discontinue its earlier slab system of differential pricing based on the amount being transferred to India. By combining effective management of the exchange rates with an affordable transfer fee of AED 15, Xpress Money is confident of offering the best rates to its customers.

Sudhesh Giriyan - Head, Xpress Money Business, said: “One of the fastest-growing economies in the world, India is also the largest ‘receive’ market in the remittance industry having received upwards of USD 58 billion in 2011. Similarly, UAE is one of the largest ‘send’ markets in the world, having a sizeable Indian population with a clear need to send money back home. As a brand, Xpress Money wants to provide the best value to its Indian customers, whether they are the ones sending the money or receiving it; introduction of a flat fee for all transactions to India is an endeavour to further strengthen our presence in these regions and offer our customers a unique advantage in terms of affordability. We continuously work towards building greater convenience for our customers in addition to introducing new services to offer better value for their growing needs.”

Working with a network of banks and non banking financial institutions, Xpress Money has built a strong country-wide network in India comprising more than 35,000 agent locations. To broadcast its message of AED 15 to India, Xpress Money will be launching a 360 degree marketing campaign including a new television commercial, amongst other marketing activities.
Xpress Money has pioneered new standards in money transfer services since its establishment in 1999. It offers a bouquet of services to address varied customers in both evolved and evolving remittance markets through ‘Cash to Cash’, ‘Cash to Bank Account’, ‘Cash to Mobile’, and ‘Online Money Transfer’ modes . Xpress Money is committed to working towards developing innovative payment solutions to support the growing expatriate community across the world.

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About Xpress Money:

Xpress Money is a global money transfer brand with a thriving presence in more than 125 countries in 5 continents across 135,000 agent locations across the world. Working towards the goal of Bringing Home Closer to millions of migrants residing away from their homes, Xpress Money has come to be known as the most dependable international money transfer brand. Xpress Money provides its customers a simple, fast & safe way to transfer money anywhere in the world through innovative technology, superior customer service and its extensive worldwide network. For more information, visit www.xpressmoney.com