Xpress Money provides financial literacy training to over 125,000 blue-collar workers across the GCC

Xpress Money marketing teams visited close to 300 labour camps across the GCC in Q1, 2017

Xpress Money, one of the world’s most dependable money transfer brands, has reached out to over 125,000 blue collar workers across the GCC providing them with focused financial literacy training over the last 3 months. Xpress Money teams visited labour camp residents in UAE, Oman, Kuwait, Bahrain, Qatar and Saudi Arabia and educated them on important topics such as financial planning, savings, the importance of using legal, regulated channels for money transfer and how ‘hawala’ or ‘hundi’ can rob them of all their hard-earned money and life savings.

Xpress Money also played a crucial role in educating Indian expats about remonetisation on every step, and how their beneficiaries could receive the money sent by them without any hassle.

“Xpress Money has a proud history of community outreach, and prides itself on being a responsible member of the global financial sector. Our program was designed to promote financial security and inclusion by raising awareness among blue-collar workers – who can be at risk of falling prey to grey remittance channels and scams. Simple but important tips on how to save money are very well appreciated by the audience. We happy to have made a small but essential difference to the lives of thousands of expats residing in the GCC”, says Ashwin Gedam, Vice President of Global Marketing, Xpress Money.

Collectively, the financial literacy training was provided to expats from India, Bangladesh, Pakistan, Nepal, Sri Lanka, Philippines, Kenya, Nigeria, Ghana, Uganda and Ethiopia. The teams visited labour camps on a weekly basis and on an average covered 35 camps a week, across these countries.

“We want to ensure that our blue-collar customers are assured that they can remit money securely, with complete traceability and a guarantee that it will reach the intended recipients safely and on time. Through this endeavor, we also want to support the regulators and authorities of the UAE in promoting the importance of financial transparency.” concluded Gedam.

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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