Wall Street Exchange expands retail operations to enhance communities

New stores in Al Jazira Al Hamra, Ras Al Khaimah, and Jurf Industrial Estate, Ajman, ease vital remittance process for residents seeking to send money to family members

Wall Street Exchange expands retail operations to enhance communities

Outlets record more than 1,000 transactions each in opening weeks as Wall Street Exchange takes UAE store count to 25

Dubai: Wall Street Exchange (WSE), an established and trusted remittance and currency exchange provider in the UAE, has strengthened its promise to serve communities by opening two new stores in the Northern Emirates, the latest additions to a strategic expansion plan that allows UAE residents to make safe and secure transfers to families back in their home countries.

The new outlets, in the Al Jazeera Al Hamra area in Ras Al Khaimah and the Jurf industrial Area in Ajman, are aimed at overseas workers in those areas who previously had to travel to remit money to their loved ones and get access to other services. The openings extend Wall Street Exchange’s footprint to 25 stores nationwide as it continues its mission to offer currency exchange and money transfer services that exceed expectations.

The ongoing expansion of the firm’s physical retail presence – more openings are in the pipeline – comes with outward personal remittances from the UAE amounting to more than AED 169 billion annually and projected for further growth according to latest statistics from the UAE Central Bank. The decision to open in the new locations is already paying off, with both units each recording in excess of 1,000 transactions in their first few weeks of operations. 

With a vision to become the preferred choice for reaching and connecting people worldwide, the new stores underline Wall Street Exchange’s commitment to enhancing communities.

“As the world continues to move at a rapid rate and digital transformation takes hold, we recognize the value a large portion of the UAE’s population continue to place on having a physical outlet where they can safely and securely remit vital funds to their loved ones around the world,” said Graham Flannery, CEO, Wall Street Exchange.

“The first few weeks for the new stores have been very encouraging. However, we see our stores as more than just a place to transfer or exchange money, they are outlets that bring friends, colleagues and strangers together, enhancing communities, while building a high level of trust in both our operations and the UAE economy. We look forward to continuing expanding our reach and commitment to safe, secure and compliant transactions.”

Services at the new stores include remittance, currency exchange, mobile top-ups, national bonds, bill payments and more. For more information, visit www.wallstreet.ae

© Press Release 2020

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