- First-of-its-kind remittance service from UAE to Sri Lanka
- Sri Lankan customers can directly send foreign remittances to their beneficiary's mobile
Dubai - UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, has partnered with eZ Cash, Sri Lanka’s largest and pioneering mobile payment network managed by Dialog Axiata PLC, for instant mobile wallet credit. With this service, Sri Lankan expatriates residing in the United Arab Emirates (UAE) can now transfer funds instantly to their beneficiary’s mobile wallet in Sri Lanka. This is a first-of-its-kind remittance service from the UAE to Sri Lanka.
A formal signing ceremony was held at the UAE Exchange Country Headquarters in Dubai today amidst senior officials of both companies.
eZ Cash is a real-time mobile money service that enables its customers residing in Sri Lanka to receive instant foreign remittances directly to their mobile phones. On receiving funds, customers can access a wide portfolio of financial transactions such as paying utility bills, transferring money to other eZ Cash wallets, withdrawing money through ATMs via secured wallet PIN and even use Near Field Communication (NFC) technology to make POS payments.
Commenting on the tie-up, Abdel Kareem Alkayed, Country Head, UAE Exchange-UAE, said: As a customer service-oriented brand, we are constantly looking at ways of sparking new innovations that improve customer experience. The partnership with eZ Cash is yet another way of giving value addition to our customers and facilitating them with quick and convenient financial solutions. The new service will enable real-time money transfer to the mobile wallets of the customer’s beneficiary residing in Sri Lanka.”
Speaking on the partnership, Fariq Cader, Vice President – Digital Services, Dialog Axiata PLC, said: “eZ Cash has empowered and transformed lifestyles of all Sri Lankans with effective and innovative mobile money solutions. Our collaboration with UAE Exchange paves the way for instant foreign direct remittances, which adds further convenience and reach to both customer groups. We look forward to strengthening our partnership towards greater heights.”
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About UAE Exchange
UAE Exchange commenced its operations in 1980. Today, it has grown into a leading global remittance, foreign exchange and payment solutions brand. Headquartered in Abu Dhabi, the brand has spread its footprint worldwide. With close to 800 branches across 31 countries in 5 continents, it has emerged as the widest globally networked remittance brand.
Strong correspondent banking relationship with over 140 global banks and smart technology add to its might. Over 9000 professionals, representing 40+ nationalities, strive to achieve excellence and bring delight to more than 15 million customers worldwide.
UAE Exchange is an ISO-certified brand and a member of prestigious global associations, recognised and awarded for its quality and business excellence. For more information about UAE Exchange, visit www.uaeexchange.com.
About eZ Cash
Sri Lanka’s pioneer mobile money network, eZ Cash, the world’s first end-to-end inter-operable mobile money service, was launched by Dialog Axiata, and offers subscriber’s unparalleled reach to send and receive money from anywhere in Sri Lanka. eZ Cash was launched in June 2012, under the aegis of the Payments and Settlements Act No. 28 of 2005. Custodial Banking Services for eZ Cash are provided by Hatton National Bank PLC, and further secured by a trust agreement administered by Deutsche Bank AG.
© Press Release 2017
