Wed18092019

Last update08/06/2018

exchange-rates



Xpress Money offering flat fee of RO1.70 for remittances

Saturday, 18 August 2012
Rate this item
(0 votes)

Xpress Money LogoMuscat: Xpress Money, one of the fastest growing global money transfer brands, recently announced a flat fee of RO1.70 for remittances of any denomination to India during Ramadan. This is among the lowest rate of money transfer fees among remittance service providers in the Sultanate of Oman.

By combining effective management of exchange rates and an affordable transfer fee of RO1.70, Xpress Money now offers one of the lowest rates to customers in Oman who send money to India. It is also among the few remittance services to offer a flat fee for any amount sent via its network from Oman to India.

Pushpak Damania, Head-Business Development for Mena Afpak, Xpress Money, said: "India is the largest remittance receiving market in the world with inward remittances upwards of $64 billion in 2011. Since it is such a high volume market, we are tapping into the efficiencies of scale that our extensive networks in Oman and India can generate and passing on the savings to our customers. The holy month of Ramadan stands for sharing with the community, so we thought why not share this initiative with our customers, at this special time. Affordable

This rate reduction highlights our commitment to make money transfer services more affordable and easily accessible to customers.-┬Ø Xpress Money has built a formidable pan-India network of 36,000 agent locations through tie-ups with leading banks, non-banking financial institutions and single agent locations.┬áIt has also invested in robust technology to enable secure, reliable and convenient access to remittances for customers. To broadcast its message of lowest pricing of a flat fee of RO1.70 to India, Xpress Money will launch a 360-degree marketing campaign in Oman.

Xpress Money has pioneered new standards in money transfer services since its establishment in 1999. It offers a bouquet of services to address varied customer demands in both evolved and evolving remittance markets in 'cash to cash', 'cash to bank account', cash to mobile', and 'online money transfer' categories. Xpress Money constantly innovates to bring homes closer for the growing expatriate community across the world.

Source: timesofoman.com

Xpress Money launches campaign on safe remittance

Xpress Money, engaged in money transfer business, has launched a State-wide campaign to educate people, particularly families whose kin make remittances from abroad, about risks involved in ÔÇ£illegitimateÔÇØ means of money transfer.

In view of the fact that a large number of people make remittances in ÔÇ£unsafeÔÇØ ways, the money trading firm has decided to educate consumers about safe remittance practices and legal means of money transfer besides creating awareness about the brand.

Districts to be covered:
The campaign was formally launched on Wednesday with flagging off of a canter that would cover all major remittance locations like Karimnagar, Adilabad, East and West Godavari district.

Xpress Money global marketing and communications head Vinesh Nair who launched the campaign said the money transfer firm adopted below the line approach in the State to enable meeting customers at their locations. A large number of families who receive remittances from abroad were low on awareness about safe remittances and hence, the campaign to reach out the grass root level, he said.

Source: thehindu.com

For more information, log on to: www.xpressmoney.com

Last modified on Wednesday, 11 February 2015 09:07