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

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases