Abu Dhabi, UAE, 18 October 2018: Xpress Money, one of the most dependable money transfer brands in the world today announced its participation in Money 2020, a confluence where thousands of the most powerful, brilliant and pioneering innovators gather to collaborate, educate and influence. Xpress Money, part of the Finablr network of brands, will showcase its business solutions, a platform that empowers companies to create a place for themselves in the business of remittances at Booth No. 1959 at Money2020.
The World Bank has pegged cross-border remittances at $613 billion in 2017, a growth of 7% over the previous year that is further estimated to grow on an average of 4.2% by 2019. This thriving industry is largely dominated by banks, exchange houses and money transfer organisations, yet it has enormous potential that is now slowly being tapped into by non-financial institutions as well. Xpress Money’s business solutions are designed to tap into that potential and facilitate all financial and non-financial institutions – be it a bank, a retail chain, a financial institution, a telecom company, a startup, a fintech firm or a money transfer brand, expand their current offerings.
With experience spanning two decades and a robust network in more than 160 countries built through strong partnerships over the years, Xpress Money has the expertise and the technology to deliver remittance solutions for every unique business need. Furthermore, Xpress Money’s business solutions can annihilate any obstacles to enable a seamlessly functioning business.
Each solution is distinctively designed to suit the needs of diverse businesses. The Xpress Money FLEX solution is for any business that is in the remittance or financial services space (from start-ups to global conglomerates) seeking to expand its global reach. Xpress Money FLEX is flexible and therefore compatible with any system, negating the time-consuming process of modification. The second solution, Xpress Money ONE, is for any business that has a customer facing digital presence, be it a retail chain, an FMCG brand or an e-commerce platform. Xpress Money ONE offers everything a business would need – compliance (KYC, AML, regulatory reporting), agent management, online self-service, money transfer app, and the market leading money transfer software. Xpress Money ONE enables a brand to create its own money transfer platform through a white labelled website with its own brand identity. The third solution, Xpress Money BIZ is a platform designed specifically for offline and retail businesses to process remittance transactions for their customers. It has a user-friendly interface that is designed to make it possible for any staff in the business to process remittance transactions for customers.
Many trusted financial and non-financial institutions, such as Travelex, WorldRemit, ADCB, Seamless, RAK Bank etc. have partnered with Xpress Money for its business solutions, either to expand their reach or offer convenient remittances services to their customers. Xpress money is an emphatic believer in collaboration to drive inclusion and progress, in the industry. The organisation aims to facilitate, empower and include, to usher in a whole new world of remittances in the times to come.
About ‘Xpress Money’:
Established since 1999, ‘Xpress Money’ is a global money transfer brand with a thriving presence in more than 160 countries across all continents through over 160,000 locations. It is one of the most dependable and renowned international money transfer brands across the globe. ‘Xpress Money’ provides customers convenient, simple and secure ways to transfer money across geographies. Its widespread network is strengthened by collaborations with renowned organisations that include international money transfer operators (IMTOs), banking as well as non-banking institutions, retail chains, online remittance players and fintech companies. Xpress Money’s state of the art compliance and security policies ensure customers a secure and hassle-free money transfer process.
Xpress Money is part of the Finablr network of brands. With category renowned brands in its fold, Finablr provides a broad array of innovative and trusted financial solutions for consumers, corporates and enterprises, through its deep regulatory know-how, relentless focus on technological innovation and a global network of retail stores, digital channels, payments platforms and industry partnerships.
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Finablr is a global platform that brings together full service Payments and Foreign Exchange solutions underpinned by proprietary technology. With deep regulatory know-how, a relentless focus on innovation and leading industry partnerships, Finablr network brands provide a broad array of tailored and trusted financial solutions for consumers, corporates and enterprises across a worldwide network of retail stores, digital channels and payments platforms. With a network reach spanning over 160 countries and regulated by 95 regulators worldwide, Finablr network brands help customers achieve their desired lifestyles and their business goals by developing a deep understanding of their requirements, designing and delivering a range of solutions tailored to their needs.
With category renowned brands, such as UAE Exchange, Travelex, Xpress Money, Unimoni, Remit2India and Ditto, in its fold, the Finablr network processes over 150 million transactions annually, touching a billion lives.
Finablr seeks to lead the evolution of the financial services industry and is at the forefront of disruptive trends, investing in new innovative companies via its subsidiary, Finablr Ventures. Through its incubator and accelerator programmes, Finablr provides growing companies with access to its ecosystem of products and services, compliance and proprietary technology.