Xpress Money, one of the most dependable money transfer brands in the world, has partnered with ADCB - one of UAE’s biggest banks - to offer international remittance services to ADCB customers through the bank’s existing mobile banking app (available on iOS, Android and Blackberry*). The partnership provides exclusive benefits to ADCB customers to make hassle-free international money transfers through the app by simply tapping on 'Transfer Money' and selecting 'Xpress Money Global Money Transfer' as their preferred channel. Once the transfer has been requested by an ADCB customer through the mobile app, the Xpress Money platform takes over to deliver the transaction, and credits the target bank account.

 

The move extends ADCB’s international money transfer reach to 14 countries to begin with, through Xpress Money’s existing network and partnerships in those territories. The first phase of the collaboration allows ADCB customers to make international bank account transfers to Bangladesh, Bhutan, Egypt, Ghana, Indonesia, Kenya, Morocco, Nepal, Nigeria, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam. More countries will be added soon.

"We are delighted to have a renowned brand like ADCB as our partner. Our partnership with ADCB is centered around extending convenience and reach to their customers. Xpress Money believes in collaboration that adds value to consumers and facilitates their convenience”, says Xpress Money's COO, Sudhesh Giriyan.

Arup Mukhopadhyay, Group Head Consumer Banking at ADCB said, “ADCB is delighted to partner with Xpress Money to offer convenient and fast money transfer services on the Mobile App to fourteen countries around the world. This collaboration endeavors to make banking with ADCB simpler and more convenient. This in line with our focus on continuously improving the remittance services for our customers who already enjoy instant fund transfers to India and same day credit for transfers to the USA and UK.

"Xpress Money believes that money transfer facilities should be accessible, competitive and easily available to all. Through this collaboration with ADCB, we are moving a step closer in that direction as we are further extending our services to the bank's customers”, Giriyan adds.

The collaboration sees ADCB adapt to Xpress Money’s innovative plug and play fintech solution, where the proprietary API serves as an ideal platform for any firm to plug seamlessly into the money transfer business. The API has been designed to be flexible and extremely compatible with most systems, allowing new partners to be on-boarded with ease.

ADCB Mobile banking has established itself as the fastest growing and the most preferred banking channel by customers over the last few years. The new Xpress Money service, along with the existing convenient banking services made available on the ADCB app, will strengthen the mobile banking proposition and further enhance the customer’s convenience.

Digital transformation has been one of the key focuses for Xpress Money, with continuous innovations to seamlessly integrate digital channels across markets. Xpress Money has established a global network of cash and non-cash delivery channels in over 160 countries across 180,000 outlets and branches, with payout options including Cash, Account Credits, Mobile Wallets, Door Delivery, Cash-to-ATM, etc.

 

About ADCB

ADCB was formed in 1985 and as at 30 September 2016 employed over 4,500 people from 74 nationalities, serving retail customers and corporate clients in 48 branches, 3 pay offices and 2 branches in India, 1 branch in Jersey and representative offices in London and Singapore. As at 30 September 2016, ADCB’s total assets were AED 255 billion.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives and Islamic products, project finance and property management services.

ADCB is owned 58.08% by the Government of Abu Dhabi (Abu Dhabi Investment Council). Its shares are traded on the Abu Dhabi Securities Exchange. As at 30 September 2016, excluding treasury shares, ADCB’s market capitalisation was AED 34 billion.

 

About ‘Xpress Money’

‘Xpress Money’ is a global money transfer brand with a thriving presence in more than 160 countries across all continents through 180,000 agent locations. ‘Xpress Money’ has come to be known as the most dependable international money transfer brand and provides its customers a simple, fast & safe way to transfer money through innovative technology, superior customer service and its extensive worldwide network.

 

Source: Quill Communications