Xpress Money along with its agent partners organize financial literacy programs for over 50,000 blue-collar workers in Oman

~The initiative is part of Xpress Money’s ethos of financial literacy and inclusion for all ~

Xpress Money, one of the most dependable money transfer brands in the world, in association with its agent partners, has reached out to over 50,000 blue-collar migrant workers in Oman through targeted financial literacy programmes designed to empower them.

The initiative is part of Xpress Money’s commitment to providing financial literacy to blue-collar audiences across the Middle East, thus promoting financial inclusion.

Over the last 6 months, Xpress Money along with its agent partners visited over 7 labour camps countrywide. Over 70 interactive sessions were conducted that have collectively benefitted over 50,000 migrant workers specifically from South Asian countries like Bangladesh, Pakistan and India. “Xpress Money is committed to providing financial education and inclusion to migrant workers, particularly the blue-collar segment. We want to help them effectively manage money, safely remit funds without falling prey to fraud, and become a part of the formal financial system. Xpress Money has been reaching out, empowering and benefitting blue-collar migrant workers across the GCC and we are proud of the effectiveness of our outreach in Oman. We thank all our agent partners, who have constantly supported us in our endevour, said Ashwin Gedam, Vice President of Global Marketing, Xpress Money.

The financial literacy sessions included details on how to safely manage money, safely remit to friends and family back home, and the risks inherent in using money mules. Workers were also given practical financial tips to help better manage their money and plan for a secure future.

“Our financial literacy initiative in Oman has benefitted from the outreach we have conducted in other countries. We have gathered feedback from participants, and have tailored our sessions to offer maximum benefit to our blue-collar audiences. It is heartening to see the difference these sessions make to their lives, and help them assume more control over their finances, Gedam added.

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

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