Xpress Money Cuts Down Remittance Fees to Key African Countries

In a recent move, Xpress Money has slashed its transfer fees on cash transfers from Oman to Kenya, Uganda, Rwanda, Ghana and Tanzania by up to 50%

Xpress Money, one of the most dependable money transfer brands, has reduced remittance fees for cash transfers from Oman to Kenya, Uganda, Rwanda, Ghana and Tanzania. Customers can now send money to these countries from any of Xpress Money’s 310 agent locations in Oman at fees starting at just OMR 2. The revised fees are applicable only for cash pick up services sent from Oman to these countries.

Oman is increasingly becoming a destination for expats from Africa to earn a living and support their families back home. Many of these African countries rely hugely on private remittances received from their citizens living and working abroad. Xpress Money is a preferred choice for many of these expats due to good exchange rates on money transfer and its multiple modes of transfer. With this new cut in transfer fees, expats will be able to pay less and receive more payout in their home countries.

“Our goal, at Xpress Money, is to provide more convenient and affordable money transfer solutions to our customers. Africa has always been a very important market for us; and we have cut down our transfer fees from Oman to these African countries by an average of 45% to make it even more cost effective for expats to transfer money. We have a wide network of trusted agent partners in these countries and we are sure that with this reduction in fees, expats will find the true value in sending money back home with Xpress Money, said Arvind Mylar, Vice President “ Business Development (MEASA & CIS), Xpress Money.

Xpress Money has partnered with various banking and non-banking partners in Africa including mPesa, MTN and other mobile wallet service providers. With 400+ locations in Kenya, 360+ locations in Ghana, 250+ locations in Uganda, Xpress Money has one of the strongest payout networks in the region.

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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