KFH, Xpress Money Celebrate Successful Launch of “KFH Xpress” for instant cross-border money transfer

Chalouhi: Customers can transfer money anywhere, anytime via KFHonline
KFH had made significant strides with its digital transformation journey
Ghandour: service available to transfer money to beneficiaries in more than 80 countries around the world
Service witnessed high demand from Kuwaiti and expat customers
CEO - Xpress Money: Collaboration with KFH holds immense growth potential for all stakeholders

September 7th, 2019: Kuwait Finance House (KFH) and global money transfer organization, Xpress Money, a Finablr company, are celebrating the successful launch and execution of KFH Xpress service for instant cross-border money transfer. This partnership is facilitated by Xpress Money’s business solution – FLEX. This innovative service was launched in line with KFH’s commitment to continually enhance its customers’ banking experience by introducing new financial solutions while keeping up with the rising bar of quality.

Present at the ceremony from KFH were Group General Manager Retail Banking- Fadi Chalouhi, General Manager Private Banking- Abdullah AlMejhem, Group Deputy General Manager Products- Mohamed Ghandour, Executive Manager Liabilities and Investments Products- Nehal Almosalem, along with Xpress Money senior officials headed by Sudhesh Giriyan – CEO, Prasad Katta - Vice President – Digital (Flex) Business and Vivek Menon – Marketing Director (MENASA).

KFH and Xpress Money discussed the successful partnership and strategized on ways to strengthen the collaboration with the aim of delivering unique banking and payment solutions that meet customer expectations.

On the sidelines of the ceremony, Chalouhi said KFH Xpress service confirms KFH is on track of its digital transformation strategy, emphasizing the keenness of strengthening the leadership position as the best digital financial services provider.

Chalouhi added: “KFH Xpress for money transfer, is convenient, affordable, accessible and secure. It is offered by KFH to its customers in collaboration with Xpress Money, one of the most dependable international money transfer organizations. Customers can transfer money anywhere, anytime by using KFHonline on the website or via mobile application.”

He mentioned that KFH ensured the availability of a variety of options for customers to receive money; cash pick up, transfer to a bank account, or even get it door delivered “for selected countries”.

Meanwhile, Group Deputy General Manager Products- Mohamed Ghandour confirmed KFH Xpress service has witnessed high demand from Kuwaiti and expat customers, since it has a competitive transfer rate if compared to the other money transfer companies in Kuwait. The service is designed and structured as per regulatory considerations and regulations and in accordance with highest standards of service quality.

Ghandour added that the service is available for customers to transfer money to beneficiaries in more than 80 countries around the world.

Meanwhile, Sudhesh Giriyan- CEO, Xpress Money said, “Remittances from Kuwait increased by 23% in the first half of 2019 as compared to the previous year reinforcing the demand for seamless money transfer services in the country. Our partnership with KFH, one of the pioneers in the world of Islamic banking is a step in the right direction within the ambit of remittances. With customer centricity being at the core of both the organizations involved, I am certain that customers will enjoy the convenience of the services that this partnership offers. This collaboration holds immense growth potential for all stakeholders involved and we look forward to a fruitful alliance.”

KHF Xpress is facilitated by Xpress Money’s FLEX platform, a flexible and compatible solution available to businesses seeking to venture into the remittance industry. Xpress Money has consistently focused on developing partnerships that bring new money transfer channels to customers.

About ‘Xpress Money’:

Incorporated in 1999, ‘Xpress Money’ is a global money transfer brand with a thriving presence in more than 170 countries across the globe through partnerships that have a network of over 200,000 locations. It is one of the most dependable and renowned international money transfer brands across the globe. ‘Xpress Money’ provides customers convenient, simple and secure ways to transfer money across geographies. Its widespread network is strengthened by collaborations with renowned organizations that include international money transfer operators (IMTOs), banking as well as non-banking institutions, retail chains, online remittance players and fintech companies. Xpress Money’s state of the art compliance and security policies ensure customers a secure and hassle-free money transfer process.

Xpress Money is part of Finablr, a global platform for Payments and Foreign Exchange solutions. With deep regulatory know-how, technology expertise and industry leading partnerships, Finablr companies provide a broad array of tailored and trusted financial solutions for consumers and businesses. With a global reach spanning 170+ countries, Finablr companies processed over 150 million transactions in 2018, managing nearly USD 115 billion for customers.

For more information, follow us on Facebook: www.facebook.com/XpressMoney, Twitter: @Xpress_Money LinkedIn: https://www.linkedin.com/company/xpress-money-services-ltd/ or visit www.xpressmoney.com

Xpress Money Runs Miles for Smiles at the Dubai Marathon

For the 4th year in a row, Xpress Money, one of the world’s most dependable money transfer brands, has raised funds for a special cause by participating in the Dubai Marathon. In an initiative by the brand’s CSR platform H.O.P.E, forty-three m...

Xpress Money and TerraPay partner to enable real time international money transfers to mobile wallets in Africa

Xpress Money, one of the world’s most dependable money transfer brands has partnered with TerraPay, the world’s first mobile payments switch, to enable real-time international money transfers to mobile wallets in Africa. Powered by TerraPay’...

Xpress Money registers a double-digit growth in 2017

Remittances from the GCC remain strong; 2018 expected to witness continued growth

Xpress Money, one of the world’s most dependable money transfer brands, witnessed a double-digit growth in its global operations in 2017. The growth was b...

Xpress Money’s ‘Dil ki Awaaz’ Grand Finale on March 23 2018

Quest to find hidden singing talents amongst migrant workers reaches out to over 90,000 people across 45 labour camps in Oman

20 finalists to vie for the top three priz...

Xpress Money marks rise in remittances to Jordan from UAE

Great signs for Jordan’s economy as remittances from around the world begin to stabilize

Xpress Money, one of the most dependable money transfer brands in the world, has marked a recent rise in expat remittances sent by Jordanians livin...