UAE Exchange, the leading global remittance and foreign exchange brand, started its retail operations in China with the inauguration of Himalayas Centre Mall branch in Pudong District of Shanghai.

Abu Dhabi, UAE -- (SBWIRE) -- 06/19/2012 -- "Great news for all Chinese expatriates and travellers to China", said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, on the occasion of UAE Exchange launching its retail operations in China. "Now they can join millions of our happy customers to experience our foreign exchange services. They can enjoy the same brand experience, which has made us a global leader in money service business. We feel privileged to serve the global Chinese community and people travelling to China. As a responsible organisation entering this new and gigantic market, we hope to adapt ourselves to the culture and best practices in China and also live up to the expectations of our customers, partners and regulators in China", he added.

China is the one of the most active markets in foreign exchange realm and it is apt for the leading player in the business to start its retail operations here. With this move, the world's most populous country became the latest and a major link in the global network of UAE Exchange. This entry is in line with the UAE Exchange's vision to spread its wings aggressively, worldwide. With the inauguration of the Himalayas branch in Shanghai, UAE Exchange initiated its retail operations in the land of the great wall. The branch is located at the lower level of the Jumeirah Hotel in the newly built Himalayas Centre Mall.

"We are extremely grateful to the Chinese authorities in the State Administration for Foreign Exchange (SAFE) for giving us this opportunity to prove our capability in the China market. Our special thanks go to our long-time partner, the Bank of China, for guiding us through this process", pointed out Mr. Sudhir Shetty.

Mr. Promoth Manghat, Vice President – Global Operations, UAE Exchange, said, "We are extremely delighted to start our operations in China. Like every other market in the world, which we entered, China too offered us a warm welcome. We bring to the table, the customer-centric approach and the passion to excel, the very same elements, which made us the most preferred brand worldwide."

UAE Exchange entered China with 31 years of experience in the remittance and foreign exchange business backed by the state-of-the-art technology and a dedicated customer service team. This customer-oriented organisation is sure to emerge into a brand trusted for its legendary quality initiatives.

Its penchant for quality has earned the brand many awards including the Banker Middle East Product Award, Dubai Quality Award, Sheikh Khalifa Excellence Award, Sheikh Mohammed bin Rashid Al Maktoum Business Award, Dubai Human Development Appreciation Programme, Dubai Service Excellence Scheme Award DSES, Best Partner by Emirates National Development Program ENDP, UAE Emiratisation Award,, Deutsche Bank STP Excellence Award, Customer Service Week Star Award in 2009 & 2011, ISO 9001 & 14001 certification and voted Superbrand status in 2009, 2010, 2011 and 2012 consecutively and more.

The first UAE Exchange branch in China was inaugurated last week, amidst much fanfare.

The occasion was graced with the august presence of the People's Bank of China (PBOC) Deputy Director for Balance of Payments, Mr. Lu Weixiomg, and other officials of the State Authority for Foreign Exchange, senior officials of the Bank of China, China Union Pay and UAE Exchange along with special invitees and the Media. Mr. Lu extemporaneously penned a poem to mark the significant occasion, adding to the atmosphere of celebration.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Smart Pay provides convenient payroll management and salary disbursal for organisations and easy salary collection for their employees, while complying with all labour laws of the Government.

Abu Dhabi, UAE -- (SBWIRE) -- 06/13/2012 -- "Payroll management will now be a hassle-free process for organisations in Bahrain", said Mr. Promoth Manghat, VP - Global Operations, UAE Exchange. He was speaking on the occasion of the launch of Smart Pay, the flagship payroll solution, by UAE Exchange, the leading global remittance and foreign exchange brand for Bahrain market. Smart Pay would offer an easy salary disbursal solution for organisations across Bahrain. It also enables the employees of these organisations to collect their salaries from any branch of the UAE Exchange network across the Kingdom, thus bringing value to both employers and their employees.

"Smart Pay is a class-leading payroll service, among a diverse range of products which UAE Exchange offers for its valued customers. This payroll solution, which was a huge success in the UAE market, will enhance the convenience of companies in terms of their payroll management in Bahrain too; while it brings ease of salary collection and other value adds to the employees of these partnering companies. All the while ensuring compliance to every regulation and aligning with the Government's vision for the welfare of both employers and their employees", added Mr. Manghat.

Mr. Deepak Nair, Country Head, UAE Exchange Bahrain, said, "UAE Exchange has always strived to bring more convenience to its customers. The launch of this state-of-the-art payroll solution is yet another milestone for us. We have leveraged the UAE Exchange branch network to the advantage of the employees of the organisations partnering with us over Smart Pay. They can walk in to any of the 11 branches across the Kingdom and collect their salaries, promptly. Employees can also take advantage of various services offered at our counters, like remittance, foreign exchange, bill payments etc."

UAE Exchange, which started in 1980 from Abu Dhabi, had launched its operations in Bahrain in 2008. In a very short span of time, the brand became a favourite of millions of customers for various financial services, offered under a single roof. They trust the brand with their hard earned money. The offering of the new payroll solution is yet another step to bolster this trust by bringing customers more convenience.

UAE Exchange offers a wide range of services, which include Xpress Money, the instant money transfer service with over 135,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; and more. These popular services have made UAE Exchange a true financial supermarket.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The 11th branch, located on Exhibition Road, further strengthens the strong network of branches across the Kingdom of Bahrain.

Abu Dhabi, UAE -- (SBWIRE) -- 06/03/2012 -- Customers in Bahrain have yet another door of convenience opened for them. UAE Exchange, the leading global remittance and foreign exchange brand, inaugurates its 11th branch in Bahrain. The new branch, located on Exhibition Road, is the new link that strengthens the network further.

"More branches mean more convenience to our customers. The opening of the new branch is in line with our vision of being the trusted neighbourhood remittance brand, which our customers will find near them, always.", said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange. "This constant network building activity reflects our penchant to reach out to more customers. It is a drive that we have taken up across all our operations, worldwide." added Mr. Sudhir Shetty.

Bahrain operations were initiated in 2008. Since then UAE Exchange has been constantly growing by garnering the trust of customers. The remittance major has gathered a wide range of services under one roof, which addresses most of the financial requirements of its customers including money transfer, foreign exchange, bill payments and more.

"We are extremely delighted to add one more branch to our strong network." said Mr. Deepak Nair, Country Head, UAE Exchange – Bahrain. "Bringing convenience to customers has always been a priority to us. This customer-centric approach has made us the favourite of customers, across the country. We dedicate this new branch to the service of our esteemed customers, who have always supported and encouraged us to deliver the best." added Mr. Nair.

Xpress Money, the instant money transfer service with over 135,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere, are examples of some of the high quality services offered by UAE Exchange.

These services along with a wide range of bill payment options have made UAE Exchange, a financial supermarket of sorts.

UAE Exchange currently addresses the financial needs of over 3.5 million customers, worldwide. It has built the largest global network, in its class, with over 580 direct offices in 30 countries. The brand also has a strong correspondent relationship with over 150 global banks.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

"Reducing the turnaround time of crediting to bank accounts, to real time, for our Filipino customers, is our aim. FLASHremit enables us to address it perfectly, taking money transfer to the next level.", said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, talking on the occasion of UAE Exchange joining hands with "Asia United Bank" and "Metropolitan Bank & Trust Company", for FLASHremit. The leading global remittance and foreign exchange brand, partnered with the leading banks in Philippines, for extending the real time account credit facility to more customers.

Abu Dhabi, UAE -- (SBWIRE) -- 05/22/2012 -- "Reducing the turnaround time of crediting to bank accounts, to real time, for our Filipino customers, is our aim. FLASHremit enables us to address it perfectly, taking money transfer to the next level.", said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, talking on the occasion of UAE Exchange joining hands with "Asia United Bank" and "Metropolitan Bank & Trust Company", for FLASHremit. The leading global remittance and foreign exchange brand, partnered with the leading banks in Philippines, for extending the real time account credit facility to more customers.

"Philippines is one of the most active remittance receiving markets. To bring more convenience to the hard working Filipino expatriates and their families in Philippines, we have found like-minded partners in Asia United Bank and Metropolitan Bank & Trust Company. Our relationship with our partners has only grown stronger with this association, which will reflect as value addition to our customers across the length and breadth of the country." added Mr. Sudhir.

FLASHremit has revolutionised the account credit scenario, where the beneficiary will receive money in their bank account within minutes, in a secured manner. The moment the amount is credited to the beneficiary's account, an SMS notification is instantly sent to the mobile phones of both the sender and the receiver, thus reducing on the follow up costs. UAE Exchange has a strong correspondent relationship with over 150 global banks. Other than Philippines, currently FLASHremit is active in India, Nepal and Sri Lanka. Soon more banks and countries will be able to avail this quality service.

Apart from FLASHremit, UAE Exchange offers wide range of services, backed by state-of-the-art technology. Its services meet the financial needs of its 3.5 million plus customers worldwide. The range includes Xpress Money, the instant money transfer service with over 135,000 payout locations in more than 125 countries; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart Pay, the WPS-compliant leading payroll solution; Gocash, the prepaid travel card; and XPay, the online bill payment service using mobile phone. These popular services have made UAE Exchange a true financial supermarket.

The remittance majors penchant for quality has not only brought quality services for its customers, but also has won it many awards including the Banker Middle East Product Award, Dubai Quality Award, Sheikh Khalifa Excellence Award, Sheikh Mohammed bin Rashid Al Maktoum Business Award, Dubai Human Development Appreciation Programme, Dubai Service Excellence Scheme Award, Best Partner by Emirates National Development Program, UAE Emiratisation Award, Dubai Service Excellence Scheme Award, Deutsche Bank STP Excellence Award, Customer Service Week Star Award in 2009 & 2011, ISO 9001 & 14001 certification and voted Superbrand status in 2009, 2010, 2011 and 2012 consecutively and more.

The event was held with much fanfare. It was attended by senior officials of UAE Exchange and the partnering banks and the Media.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The offer, exclusively for the Filipino community, has a total of 86 winners in three lucky draws and a mega draw. The mega draw will see the mega winner driving home a KIA RIO, while five customers win return air tickets to Philippines. 20 winners will get PHP 10,000 each, while 60 will take home a Bee mobile phone each.

Abu Dhabi, UAE -- (SBWIRE) -- 05/18/2012 -- All individual remittance transactions to Philippines, qualify for the draws during the promotion period, which ends on 29th June, 2012.

Sending money to Philippines can turn the lucky customer into a proud owner of a KIA RIO car in the Filipino Fest 2012 promotion launched by UAE Exchange, the leading global remittance and foreign exchange brand. In this exclusive promotion for Filipino customers, all individual remittance transactions to Philippines, from UAE Exchange branches in the UAE, qualify for the draws. The promotion, which started on 1st May, will continue up to 29th June, 2012. The winners are selected through three lucky draws and a mega draw.

"We are extremely glad to come up with a promotion for our Filipino customers" said Mr. Varghese Mathew, Country Head - UAE Exchange, UAE. "UAE Exchange salutes the Filipino community, for its dedication, adding value to not only their country of work, but also supporting their home country, by sending money home. The quality of service, security, speed and affordability has made UAE Exchange, their favourite money transfer partner. For the trust they bestow on us, we bring this exclusive promotion as a token of our gratitude and appreciation. This promotion with three lucky draws and a mega draw, offers more opportunity for customers to win, thus spreading more value. We are thankful to our partners for adding value to the promotion, making it more exciting for the enterprising Filipino community." added Mr. Mathew.

In a total of three draws, which will be conducted on 21st May, 4th June and 2nd July, respectively, 20 lucky customers will win gift vouchers worth PHP 10,000 each and 60 customers will take home a Bee mobile phone, each. The mega draw, which will be held on 2nd July, 2012, will see a KIA RIO car driven home by a lucky customer. Also five customers will get a round-trip air ticket to Philippines, each.

Along with money transfers, UAE Exchange offers a wide range of services including foreign exchange, bill payments, payroll management, prepaid cards and more. Its services meet the financial needs of its 3.5 million plus customers, worldwide. The range includes Xpress Money, the instant money transfer service with over 135,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart Pay, the WPS-compliant leading payroll solution; gocash, the prepaid travel card; and XPay, the online bill payment service using mobile phone. These popular services have made UAE Exchange a true financial supermarket.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Eight iPads to be won. Four winners each in two monthly draws. Any transaction, including outward, inward, Forex and online money transfers are eligible for the draw

Abu Dhabi, UAE -- (SBWIRE) -- 05/14/2012 -- Making a remittance transaction (inward/outward) or Forex transaction at UAE Exchange branches in the United Kingdom (UK) or using its online portal, Money2anywhere, to send money, could make you do your next transaction in your new iPad. The World's Trusted Money Transferrer - UAE Exchange, launches its Summer Promotion in UK. Any customer, who makes a remittance or Forex transaction at any of the UAE Exchange branches or online, in the UK, is eligible for the draw. The promotion, which offers four iPads each, as prizes to be won in two monthly draws, will commence from 1st May and continue up to 30th June, 2012. The two monthly draws will be held on 6th June and 2nd July, 2012, respectively.

"We are extremely delighted to present this summer promotion to our customers in the UK" said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange. "Unlike the earlier promotions, now receiving money at any UAE Exchange branch, in the UK, can also make our customers win. We believe that such new dimensions to the promotions, offer more opportunity to our customers to win more and also add more excitement. Promotions help us in improving the service standards, as they drive us to deliver greater qualitative experience to our customers and give additional value for the money transacted. We wish all the customers the very best for the promotion." added Mr. Sudhir.

"UAE Exchange started its UK operations in 2004. In this short span of time, we have built a strong network of eleven branches along with the introduction of Money2anywhere.com, the online remittance portal, across the country. In addition to offering excellent customer service, these promotions are also a small token of our gratitude to our cherished customers, who have bestowed their trust on us." said Mr. Mohan Shetty, Country Head - UAE Exchange, UK.

UAE Exchange is one of the leading global remittance and foreign exchange brands, addressing the financial needs of its 3.5 million plus customers, worldwide. It has built the largest global network, in its class, with over 580 direct offices in 30 countries. The brand also has a strong correspondent relationship with over 150 global banks.

UAE Exchange addresses most of the financial requirements of its customers through a wide range of services, backed by state-of-the-art technology. The range includes Xpress Money, the instant money transfer service with over 135,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Gocash, the prepaid travel card; and XPay, the online bill payment service using mobile phone. These popular services have made UAE Exchange, a true financial supermarket.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Promotion was conducted across seven countries. Winners, from across countries, bagged iPhone4, iPad2 and Galaxy Tab

Abu Dhabi, UAE -- (SBWIRE) -- 05/03/2012 -- Yes…one word of reference has brought in luck to Mr. P. E. Philip (Kuwait), Mr. Hardip Singh Sidhu (Canada) and Mr. Anish Joseph (Australia), as they have been selected as the first, second and third prize winners, respectively, in the recently ended Money2anywhere Refer and Win Contest 2012, by UAE Exchange, the leading global remittance and foreign exchange brand.

The contest, which ran on the official Facebook fan page of Money2anywhere (facebook.com/money2anywhere) from 15th February to 15th April, 2012, gave away exciting prizes including iPhone4, iPad2 and Galaxy Tab to the winners. All fans, who referred three friends to the online money transfer portal, were eligible for the draw, which was held on 20th April, 2012 at the Global Head Quarters of UAE Exchange in Abu Dhabi.

"Congratulations to all the winners", exclaimed Mr. Promoth Manghat, VP – Global Operations, UAE Exchange. "At UAE Exchange, we were glad to see the overwhelming response, which we received during the promotion. This goes to show how much Money2anywhere is appreciated and trusted. The online portal witnessed over 70% growth in 2011 and this contest opened the gates for more people to get introduced. We are extremely thankful to all participants for being our brand ambassadors and strengthening our customer-base further through your referrals. It is your unstinting support that has made Money2anywhere a fast-growing online remittance portal." added Mr. Manghat.

The contest was conducted in seven countries, which include Australia, Bahrain, Canada, Kuwait, New Zealand, United Kingdom and United States of America, where the Money2anywhere service is available. Under the wings of UAE Exchange, this online portal enables its customers to send money to any corner of the world using credit / debit card or bank account, with an internet connection from anywhere.

This online promotion was one among the many that the remittance major has conducted in its social media network, which too had received a similarly overwhelming response.

More such promotions are being planned out to thank the strong online community that UAE Exchange has built in the social media space.

The event was attended by senior officials of UAE Exchange.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The award, won for the fourth time, is under Dubai Service Excellence Scheme organised by Department of Economic Development and the Government of Dubai

Abu Dhabi, UAE -- (SBWIRE) -- 04/29/2012 -- 'Service is our currency' asserts the tagline of UAE Exchange, the leading global remittance and foreign exchange brand. The brand has proved what it believes in, yet again, by winning the 'Best Service Performance Outlet Award' for 2011 under the Dubai Service Excellence Scheme (DSES), organised by Department of Economic Development and the Government of Dubai. H.H. Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, presented the award on 4th April, 2012 at Dubai World Trade Centre, Dubai.

"We are extremely happy with this achievement!" said Mr, Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange. "Excellent customer service has always been our forte. This award, which we are winning for the fourth time, proves our passion for excellence and the perseverance to stand up to our promise of quality service, yet again. We are constantly striving to ingrain more value in to our customer service, across the globe, to ensure that the largest network, in its class, offers the best service through its every outlet. Such recognitions only propel us further to work towards this aim of ours."

Quality is one aspect, which UAE Exchange has never compromised upon. This penchant for quality has enabled the remittance major to offer the widest range of services under one roof, which include money transfer, foreign exchange, utility bill payments, credit card payments, mobile phone recharge, subscription payments and more. All these make UAE Exchange, a financial supermarket, which addresses most of the financial requirements of its customers.

Some of the quality services offered by UAE Exchange include includes Xpress Money, the instant money transfer service with over 1,35,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart Pay, the WPS-compliant leading payroll solution; and XPay, the online bill payment service using mobile phone.

The brand's passion for excellence has not only brought quality services for its customers, but also has won it many awards including the Banker Middle East Product Award, Dubai Quality Award, Sheikh Khalifa Excellence Award, Sheikh Mohammed bin Rashid Al Makhtoum Business Award, Dubai Human Development Appreciation Programme, Best Partner by Emirates National Development Programme, UAE Emiratisation Award, Deutsche Bank STP Excellence Award, Customer Service Week Star Award for the Best Implemented Initiative and ISO 9001 & 14001 certification, Superbrand status in 2009, 2010, 2011 and 2012 consecutively and more.

About UAE Exchange
UAE Exchange is a leading global remittance and exchange house based in UAE with, with direct ?operations spanning 29 countries across five continents with over 600 direct offices. With ?correspondent banking relationship covering more than 150 global banks, and associations with ?many leading brands globally to bring several value-added products to customers, UAE ?Exchange, acclaimed the world over as the 'World's Trusted Money Transferrer provides ?unmatched service in the industry to a wide customer base of around 3.5 million. In UAE, the ?brand has a leading presence with a network of over 101 branches covering all the Emirates. In ?October 2009, UAE Exchange commenced its 30th year of successful business operations.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Abu Dhabi, UAE -- (SBWIRE) -- 04/23/2012 -- "Excellence gets recognised, especially when it has a welfare angle to it.", said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange. He was speaking on the awards ceremony of Smart Pay Appreciation Programme 2011, held on 11th April, 2012 at Madinat Jumeirah, Dubai. The programme is aimed at awarding corporate entities, which work towards achieving excellence, while aligning with the UAE Government's vision for employee welfare. The programme is an initiative from Smart Pay, the WPS-compliant leading payroll solution from UAE Exchange.

"Congratulations to all awardees! It gives immense happiness to us to see such passion for excellence. We take pride in our relationship with our corporate clients, who share our vision to achieve excellence in every sphere, while ensuring the welfare of their employees. This award programme is a token of our appreciation for the committed efforts of our partners towards excellence, while aligning their objectives with the Government's vision.", Mr. Shetty added.

Smart Pay initiated the Smart Pay Appreciation Programme in 2010. The first edition, held in 2011, recognised the top 10 achievers with the 'Best Smart Employer Award'. The committed efforts of the clients, clubbed with their penchant for quality of processes and welfare of their employees, has inspired Smart Pay to add more categories to its repertoire of awards. The result was introduction of 'Best Free Zone Star Award' and 'Relationship Excellence Award' in 2012.

The award winning corporate entities include IFFCO-Group, Cars Taxi Services Co. LLC, Emirates Technical & Thermal Systems Co. LLC, Laing O'Rourke Middle East, Larsen & Toubro Limited – ECC Construction Group, Al Ryum Group, Extraco Group, Al Arif Contracting Co. LLC and Al Arif Group, Eastern International LLC (Bukhatir Group) and NCC Group of companies under 'Best Smart Pay Employer' category; RAK Ceramics P.S.C., Lamprell Energy Ltd. and Inter Ocean Ship Repair Group of Companies under 'Best Free Zone Star' category; NICO International, Emirate Techno Casting FZE and Dolphin Group of Companies under 'Relationship Excellence' category.

The event also witnessed the launch of the new online customer-centric Smart Pay portal, which enables Smart Pay's corporate clients to view various Smart Pay payroll reports, online, and know the status of their payroll, with just few clicks. The function also saw more value coming in with the launch of the revamped Smart Pay website, which has now become sleeker and more interactive. These two new introductions, this year, will bring more convenience to Smart Pay clients, right at their desktops.

Smart Pay, the WPS-compliant industry-leading payroll solution, is an initiative of UAE Exchange, the leading global remittance and foreign exchange brand. Started in 2006, Smart Pay has today emerged into a leader in the segment. As per 2011 WPS statistics, Smart Pay is the No.1 in terms of salary disbursals among exchange houses.

Smart Pay offers quality payroll solutions to tens of thousands of corporate entities and their employees. It not only helps the clients with easy salary disbursals, but also with compliance to Wages Protection System (WPS), an award-winning initiative from UAE Ministry of Labour and UAE Central Bank.

Taking its value addition to a new level, Smart Pay reduced the turnaround time for salary processing to two hours. Now employees of the corporate entities can collect their salaries, within two hours from the time of deposit of funds, from any UAE Exchange branch, across the UAE.

Smart Pay also offers an electronic payroll card, powered by MasterCard, to the employees of its clients. This card enables the employees to withdraw salary from any MasterCard ATM, worldwide; shop at MasterCard-approved merchant locations; withdraw from UAE Exchange Cash Dispensing Machines (CDM); and avail exciting discounts from various loyalty partners. This is apart from the camp site salary disbursal and remittance services offered for the convenience of the employees.

This law-abiding passion to excellence has made Smart Pay a favourite of corporate entities, their employees and the compliance authorities. The appreciation progamme is an extension of this passion.

The function, conducted amidst much fanfare, was graced by dignitaries from the Ministry of Labour, Smart Pay's corporate clients, senior officials of UAE Exchange and special invitees.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Customers can make their payments at any UAE Exchange counter in the UAE

Abu Dhabi, UAE -- (SBWIRE) -- 04/17/2012 -- UAE Exchange, the leading global remittance and foreign exchange brand, joins hands with Cozmo Travel, a leading travel company in the UAE, to provide a new payment option for their online bookings. Now, Cozmo Travel customers can make their payments and confirm their online bookings at any UAE Exchange counter in the UAE.

"It is a priority for us to partner with those brands, who strive to achieve customer delight", said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange. "We are glad to join hands with Cozmo Travel. This new payment option would certainly benefit the customers of Cozmo Travel, as UAE Exchange has a wide network of branches in the UAE, which can be accessed easily from any point in the country. Our extended branch timings would also add more convenience.", he added.

Jamal Abdul Nazar, General Manager, Cozmo Travel, said, "We are happy to partner with a reputable remittance brand like UAE Exchange. We are sure that this partnership will turn out to be a real value addition for our customers, considering the strong branch network and service quality that UAE Exchange is known for."

UAE Exchange offers a wide range of services, which meets most of the financial needs of its over 3.5 million customers, worldwide. The range includes Xpress Money, the instant money transfer service with over 135,000 agent locations in more than 125 countries; FLASHremit, the facility for real time account credit; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks;Smart Pay, the WPS-compliant leading payroll solution; and XPay, the online bill payment service using mobile phone. These popular services and other bill payment facilities have made UAE Exchange a true financial supermarket.

UAE Exchange has more than 570 direct offices across 29 countries, which makes it the world's largest networked, among remittance brands. Its correspondent banking relationship with over 150 global banks adds to it.

Cozmo Travel, under the wings of Air Arabia, was launched in 2010. With an year-on-year growth of over 150%, in the past two years, its services are now available in Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah. Cozmo Travel answers various travel needs with services including airline tickets, holiday packages, corporate travel management, visa processing, travel insurance etc. Their services are set to expand in the near furture, covering all the seven emirates of the UAE and the rest of the countries in the GCC.

The event, which announced the partnership, was attended by senior officials of UAE Exchange and Cozmo Travel, along with special invitees and the Media.

About UAE Exchange
UAE Exchange is a leading global remittance and exchange house based in UAE, with direct operations spanning 24 countries across five continents with over 521 direct offices. With correspondent banking relationship covering more than 150 global banks, and associations with many leading brands globally to bring several value-added products to customers, UAE exchange, acclaimed the world over as the 'World's Trusted Money Transferrer provides unmatched service in the industry to a wide customer base of around 3.5 million. In UAE, the brand has a leading presence with a network of over 100 branches covering all the Emirates. In october 2009, UAE Exchange commenced its 30th year of successful business operations.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Post interesting stuff on the UAE Exchange Facebook page. Win an iPad 2 every week in April

Abu Dhabi, UAE -- (SBWIRE) -- 04/09/2012 -- Hang out at the UAE Exchange page on Facebook, in April, and you could walk away with an iPad 2 every week. UAE Exchange, the leading global remittance and foreign exchange brand presents 'Fan of the week' - a contest, exclusively for its Facebook fans. This exciting promotion will run till December 2012, with each month offering a different prize including iPads, Galaxy Tabs etc. To qualify, visitors need to like the UAE Exchange Facebook fan page, post interesting stuff on its wall, and interact with various fun and information posted on the page.

"We are extremely glad that we are nearing 50,000 fans on our Facebook page. The strong online community that we could build in a very short period, goes to show that the brand is equally popular with the younger generation, which is active in the online social media space." said Mr. Y Sudhir Kumar Shetty, COO - Global Operations, UAE Exchange.

"We have been regularly conducting online contests and promotions, which have received overwhelming response from our online community. We offer this promotion to all our customers, who connect with our brand in the online space, and is meant to bring greater value and happiness to them. We are thankful to our partners, who have helped in making this contest exciting for our online community." he added.

UAE Exchange, which has a strong online presence, is one of the largest networked remittance brands in the world, with close to 600 direct offices in 30 countries across five continents. Its strong correspondent banking relationship with over 150 global banks adds to the might.

The remittance major offers the widest range of services backed by state-of-the-art technology. Its services meet the financial needs of its 3.5 million plus customers, worldwide. The range includes Xpress Money, the instant money transfer service with over 1,35,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere.com, the convenient online money transfer portal through which money can be sent to any corner of the world in just a few clicks; Smart Pay, the WPS-compliant leading payroll solution; and XPay, the online bill payment service using mobile phone. These popular services have made UAE Exchange a true financial supermarket.

For more information on our latest products or to participate in this exciting contest, join us on our page on Facebook

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

• New branch inaugurated in Ramli Mall, A’ali on 14th April, 2011 • Seventh branch in just over three years in Bahrain

Abu Dhabi, UAE -- (SBWIRE) -- 04/24/2011 -- Enhancement of customer convenience has always been a priority for UAE Exchange, the leading global remittance and foreign exchange brand. As a step towards this goal, the remittance major has opened its seventh branch in Ramli Mall, A'ali, Kingdom of Bahrain on 14th April, 2011.

UAE Exchange has a strong presence in the Middle East region, offering services encompassing remittances - bank transfers & instant money transfers, foreign exchange, and various value-added allied products & services. UAE Exchange was the first exchange house in Bahrain to receive the prestigious ISO 9001:2008 certification. The global remittance leader, present in 22 countries across five continents, has more than 500 direct offices offering wide range of popular products and services.

The new branch was inaugurated by Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, in the presence of Mr. Mohammad Dadabhai, Director, Mr. Promoth Manghat, VP - Global Operations, and Mr. Santhosh Nair, Country Head – Bahrain.

Speaking on this occasion Mr. Shetty said "UAE Exchange is a highly trusted brand among the general public. This trust was built over three decades by placing customers at the top in our priority list, every time. We have always strived to match the aspirations of our customers, and to bring more value to them, through product diversification and qualitative improvement of delivery channels, which has contributed to our emergence into a one-stop-shop for our customers. This new branch would be another contributing hub to our strong network, which would further enhance our market relations in Bahrain."

Mr. Mohammad Dadabhai, Director, added that "In a short span of little over three years, we have opened seven branches across the Kingdom. This is in line with our aim to enhance customer experience by getting closer to them and furthering their accessibility to the remittance major. Our new branch is yet another link to add to the customers' ease to reach us."

By opening this branch we show of our commitment to this great country and we will continue to expand and participate in the economy of Bahrain by spreading our network with more number of branches in the times to come. This expansion would also enable us to provide job opportunities to Bahrainis as well as other nationalities.

The grand inaugural event was attended by special invitees, senior officials of UAE Exchange and the Media.

About UAE Exchange
UAE Exchange is a leading global remittance and exchange house based in UAE, with direct operations spanning 22 countries across five continents with over 500 offices. With correspondent banking relationship covering more than 150 global banks, and associations with many leading brands globally to bring several value-added products to customers, UAE Exchange, acclaimed the world over as the 'World's Trusted Money Transferrer', provides unmatched service in the industry to a wide customer base of around 3.5 million. In UAE, the brand has a leading presence with a network of over 93 branches covering all the Emirates. In October 2009, UAE Exchange commenced its 30th year of successful business operations.

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Winner of Banker Middle East Products Award in Best Exchange Service category. Winner of Dubai Service Excellence Scheme Award in the Best Service Performance Outlet category

Abu Dhabi, UAE -- (SBWIRE) -- 04/18/2011 -- Quality service has always scored high. UAE Exchange, the leading global remittance and foreign exchange brand, winning multiple awards for service stands testimony to this. The latest recognitions for the remittance major came through the Banker Middle East Product Award in ?Best Exchange Service category and also the Dubai Service Excellence Scheme Award in the Best Service Performance Outlet category, recently in Dubai.

The Banker Middle East Product Awards, organized by CPI Financials, recognise banks and financial institutions that are shaping the future of finance in the Middle East and North Africa. Meanwhile the Dubai Service Excellence Scheme (DSES) award, under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, recognises organisations in the UAE for achieving service excellence under various categories.

Speaking on the occasion, Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, said, "In our more than 30 years of successful operations, we have always strived to offer quality products and services to enhance our customers' convenience. Each of our products and service processes has been well accepted for their innovation and convenience by our customers. And this winning of awards reflects our penchant for ensuring quality in every gamut of the organisation. It also stands testimony to our dedication to the customers, who ?inspire us to push the horizons further."

The remittance major, with more than 500 direct offices spanning 22 countries across five continents and a strong correspondent banking relationship with over 150 global banks, has ?always brought quality products and services. This penchant for quality has earned UAE Exchange appreciation from various quarters including the Dubai Quality Award, Sheikh Khalifa Excellence Award, Dubai Human Development Appreciation, Mohammed bin Rashid Al ?Maktoum Business Award, Superbrand status etc.

The award ceremonies recently held in Dubai were attended by prominent dignitaries, leaders from the industry, senior officials of UAE Exchange, special invitees and the Media.

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Delhi Private School Primary wing in association with UAE Exchange successfully completed 3rd season of Rickie Mathew Memorial Cubs Cricket Tournament.

Abu Dhabi, UAE -- (SBWIRE) -- 03/10/2011 -- Delhi Private School (DPS), Sharjah Primary in association with UAE Exchange, the leading global remittance and foreign exchange brand, successfully completed the 3rd ?season of Rickie Mathew Memorial Cubs Cricket Tournament on 2nd March, 2011 at the DPS Sharjah Cricket Ground.

UAE Exchange has always been in the forefront to support such events, which promote the true spirit of culture, arts and sports.

The global remittance major, spanning a network of close to 500 direct branches in 22 countries across five continents, supported this ?special tournament for cub players, in the age group of 4 to 6 years, to spot and ?encourage young talent.

Speaking on the occasion, Mr. Y. Sudhir Kumar Shetty, COO – Global Operations,
UAE Exchange said "This initiative is in line with our efforts to promote arts, culture and sports. The fact that the event has entered its 3rd season stands testimony to our strong relationship with the DPS Group. This unique event featuring the little ones is a stepping stone for today's budding players to be tomorrow's reigning champions. Our efforts in this direction emphasize on the overall development of children, for they should be encouraged not for just academics but for sports too. And that the tournament is being conducted in the wake of World Cup 2011 season, adds to the excitement of the cricket lovers."

DPS Sharjah, DPS Dubai, Ryan Star International School Sharjah and The New Indian Model School, Sharjah, participated in the tournament. The final match was graced by Chief Guest, Mr. Homi Gazdar, CEO, Dubai Sports City and Guest of Honour, Mr. Maqbul Dudhia, GM - Sports Business, Dubai Sports City, special invitees, officials of UAE Exchange and DPS, apart from the Media.

The DPS Primary wing was more agog with the Cubs Cricket fever than the world cup ?matches. The grounds were decked festively. The exciting final match was between DPS Dubai and DPS Sharjah. After winning the toss DPS Dubai opted to bat. They massed a score of 57 runs. DPS Sharjah fought back valiantly and won the prestigious running ?trophy for the third season. Every ball bowled had all the spectators groaning or leaping in excitement.

Vandana Marwaha, Principal DPS Sharjah said, "It is great to win, but it can be as hard to be a good sport when you have won a game as when you have lost one. In competition as in life we may not always win but we can learn something from losing, too and there's always the next match. Rickie Mathew memorial cub's cricket started during the academic year 2008-2009 has gained huge popularity.

Ms. Mousumi Dasgupta, Headmistress DPS Primary said, "This is a memorial cup and we will always carry the light of Rickie Mathew in our hearts.

This is not about equality but about tapping the energy and potential of every child. The children and teachers have practiced very hard and so have the teachers."

RJ Tarun from 1024 FM added some spunk to the event with his on-the-spot interviews.

Each participating school was honoured with certificates and medals. The best batsman, ?best bowler and players scoring maximum fours and sixes were awarded trophies and the man of the match awards for each match of the tournament was also given away.

Cubs Cricket it may be but in terms of success it was roaring in every way.

About UAE Exchange
UAE Exchange is a leading global remittance and exchange house based in UAE, with direct operations spanning 22 countries across five continents with over 500 offices. With correspondent banking relationship covering more than 150 global banks, and associations with many leading brands globally to bring several value-added products to customers, UAE Exchange provides unmatched service in the industry to a wide customer base of around 3.5 million. In UAE, the brand has a leading presence with a network of over 80 branches covering all the Emirates. In October 2009, UAE Exchange, acclaimed the world over as the 'World's Trusted Money Transferrer' commenced its 30th year of successful business operations. For more information, logon to http://www.uaeexchange.com

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Federal Bank and UAE Exchange launched an ambitious new product Fed Flash which is deemed to usher in a new phase in remitting to bank accounts

Abu Dhabi -- (SBWIRE) -- 01/16/2011 -- Fed Flash, as the name signifies, is a real-time account credit product, which significantly reduces lead time by taking on conventional methods of remittance.

The prodigious product was unveiled at a grand event held in Kochi, attended by Mr. Shyam Srinivasan MD & CEO of Federal Bank and Mr. Sudhir Kumar Shetty, COO, Global operations, UAE Exchange among other senior officials from both institutions and other invitees.

Fed Flash enables Federal Bank customers to remit money real-time into to their accounts through any of the UAE Exchange branches overseas, to all branches of Federal Bank covering the length and breadth of India. A significant feature of this product is that it not only credits the account in minutes, but also completes its product cycle in a fully automated environment. The moment the account is credited, the remitter shall receive an SMS in his mobile and at the same time the beneficiary in India too gets the credit confirmation SMS. This feature takes out apprehension both at the 'Send' and 'Receive' sides of remittance, and saves on follow-up costs.

Speaking on the occasion, Mr. Surendran, Dy. General Manager, International Banking Department of Federal Bank, said, "Fed Flash brings to the fore, the spirit of more than three decades of global remittance leadership of UAE Exchange now present across 23 countries worldwide, and the capabilities of Federal Bank in the Indian banking scenario, and symbolizes the strong partnership between the two financial brands which benefits millions of customers every year. Trust, which customers have invested on both the brands, will be reinforced further with an innovative product like Fed Flash, which would be the new face for remittance to India."

Mr. Pramod Manghat, the Vice President, Global Operations, UAE Exchange, added, "Remittance has evolved quite a bit from the earlier days when the remitter had to wait for days together to be convinced that the designated account has been credited, which involved many ISD calls too. Technology has ensured that the aspirations of remitters were well met, with several product innovations which has helped cut down on the lead time for account credit, and minimizing the anxiety of the remitter. Fed Flash is the latest of the products the technology has to offer to the remitters who want to send money to Federal Bank accounts in India, who can rest assured that the beneficiary account is credited immediately when he does a transaction in a UAE Exchange branch anywhere. Fed Flash indeed would be the next dimension of remittance technology."

About Federal Bank
Federal Bank, incorporated in the year 1931, has grown to the stature of the 4th largest private sector bank in India, having at present 737 branches and 775 ATMs spread all over India. The Bank offers Internet banking, Mobile banking, on-line payments, depository services, RTGS / NEFT facility, VISA International Debit Cards, insurance / mutual fund products and also sells imported Suisse pure gold coins. As on date the bank is having remittance arrangements with more than 52 institutions throughout GCC countries and correspondent banking arrangements with 18 International Banks Globally.

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