Money transfer firms in Dubai are bracing for currency swings as Trump’s tariffs shake global trade, impacting remittances to India, Pakistan, and the Philippines
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Latest in money transferring
money transferring
UAE’s Al Fardan Exchange ties up with Visa for enhanced cross-border remittance services
The company announced launching a new cross-border remittance service through Visa Direct
astra tech
Botim launches money transfer service with Burj Khalifa ad
Chat and financial service app Botim lights up Burj Khalifa
expat remittances
Indians living in UAE and Saudi allowed to make payments through UPI
Indian expats can now make UPI payments through the government-backed system while in India or abroad through NRE accounts
expat remittances
UPI payment facility for NRIs: Remittances to India by currency exchange houses set to see big fall
Banks in GCC will also be impacted as the number of remittance transactions could come down significantly with expats resorting to few and large transfers instead of numerous small transfers
Arab Financial Services
Bahrain’s bwallet expands to include UK transfers
Digital mobile wallet looking to add further countries in coming months
Al Ansari Exchange
UAE money exchange issues warning after scammers strike
Al Ansari Exchange warns customers after a number have reportedly received scam messages or fraudulent calls
Abu Dhabi
LuLu Financial Group targets 30% digitisation by 2020
Lulu Financial Group has crossed the $10bn mark in its total transactional value in its financial sector business
Banking & Finance
Gulf states set up company to facilitate money transfers
Riyadh-based company will allow GCC countries to transfer money ‘without reliance on international currencies’
Apple Pay Cash
Video: How to use Apple Pay Cash
Apple has released an animated explain how to send and receive money using Apple Pay Cash.
