The fee waiver follows a host of initiatives taken by the group to help the flood-stricken Indian state, including a personal contribution of Two Crore Rupees made by Chairman, Dr. B. R. Shetty
Dubai: Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister's Distress Relief Fund in the wake of the catastrophic floods that has ravaged the Indian state of Kerala. The initiative which enables the global Indian diaspora to contribute to the relief efforts, follows a personal contribution of two crore rupees made by the Group Chairman and noted UAE-based businessman and philanthropist, Dr. Bavaguthu Raghuram Shetty, to help those affected by the floods.
Promoth Manghat, Executive Director, Finablr and Group CEO, said, “As a committed corporate citizen, who firmly believes in helping communities in times of need, it was our responsibility to do all that is in our power to aid the people of Kerala, who are facing this unprecedented natural calamity. Besides waiving off service fee on remittances to Kerala Chief Minister's Distress Relief Fund, we have also mobilised the India Unit of Unimoni to extend on-ground support to the ongoing relief efforts. With support pouring in from all quarters, we are confident that Kerala will soon recover from this disaster. We are also thankful to Kerala Chief Minister Pinarayi Vijayan & his cabinet for allowing us to support the community in need.”
Those seeking to support the relief efforts can walk into their nearest UAE Exchange or Unimoni branches or log on to the website/mobile application and transfer money to Kerala Chief Minister's Distress Relief Fund (CMDRF) at zero transfer fees. Contributions to CMDRF are completely tax exempt.
A total amount of Rs 25 lakhs too has been provided by UAE Exchange and NMC to support the flood-affected victims with the help of select media houses.
The account details for the same are as stated below.
Name of Donee: CMDRF
Account Number: 67319948232
Bank Name: State Bank of India
Bank Branch: City Branch, Trivandrum, Kerala
About UAE Exchange
UAE Exchange is a leading financial services brand, born in the United Arab Emirates in 1980. The brand offers a full suite of diversified and innovative financial solutions in money transfer, foreign exchange and payments solutions. The customer-centric ethos combined with a quality-driven approach, constant innovation in products and processes, and the deployment of latest technological advancements sets UAE Exchange apart from its peers. The brand has been globally recognised and awarded for its corporate citizenship, customer service initiatives and business excellence such as Dubai Quality Gold Award, Mohammed Bin Rashid Al Maktoum Business Award, Great Place to Work Award, Emiratisation Award, Sheikh Khalifa Excellence Award etc. UAE Exchange has partnered with leading institutions such as Emirates Foundation and Dubai Cares, and is a member of World Economic Forum and the United Nations Global Compact. For more information, visit the UAE Exchange website: www.uaeexchange.com
Unimoni is a provider of money transfer, foreign exchange and payment solutions. The brand facilitates the seamless movement of money across geographies, currencies and channels with a focus on delivering convenience, speed and value to its customers. With multiple touchpoints spanning retail stores, digital channels and self-service kiosks, Unimoni offers secure and simplified financial solutions for its customers. For more information, visit the Unimoni website: www.unimoni.com
Finablr is a holding company which will bring together category-leading global financial services brands including UAE Exchange, Unimoni, Travelex, Xpress Money etc., under one network. With technology innovation at its core, Finablr seeks to drive the agenda of financial enablement and empowerment of customers through R&D efforts, industry ecosystem engagements, investments and potential acquisitions. With over four decades of industry experience and 18,000+ employees, the Finablr network brands have a direct presence in 45 countries and a reach across 165 countries. Collectively, the Finablr network touches over a billion lives through its retail stores, agents and digital channels. For more information, visit the Finablr website: www.finablr.com
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© Press Release 2018