- The World's Most Dependable Instant Money Transfer Service Registers 59% Growth in Agent Network
- 135,000 Locations in 125 Countries By Year-End
DUBAI, United Arab Emirates--(BUSINESS WIRE)--The new look of Xpress Money was unveiled at a gala dinner in Dubai on the 31st of October 2011. Major stakeholders, VIPs and Xpress Money agent partners from across the world were present at this landmark event.
This new brand identity comes at a time when the money transfer giant can announce record growth. By the end of 2011, Xpress Money will register a 52% increase in its agent network size taking it from 85,000 locations in 95 countries to 135,000 locations in 125 countries. This network comprises of leading banks, NBFCs, Exchange Houses, Postal Unions and Single Agent Locations.
In addition to this, the company's network in Europe will grow to about 1000 locations by the end of 2012. Xpress Money already boasts the largest network in the Philippines. It is also the 2nd largest brand in India, and now the preferred instant money transfer service brand in Pakistan.
Xpress Money's new brand positioning is centered on the premise that they are 'The world's most dependable instant money transfer service.' Simple. Fast. Safe. - is the new tagline reflecting the company's renewed commitment to offering an easy-to-use, convenient and efficient solution.
Commenting on this special occasion, H.E. Abdulla Humaid Ali Al Mazroei, Chairman - Xpress Money said, "Xpress Money began with a single-minded purpose to support the growing expatriate community in a way that helped ease the stress of living away from home and family. That purpose took on the concrete form of a simple, convenient and efficient way to send money back home to their families. The conviction and power that supported the purpose was the impetus that brought Xpress Money to the position it enjoys today, and I'm proud that today millions of people trust Xpress Money with their hard-earned money and are confident that through us their families are safe."
The new avatar of Xpress Money will be deployed across the world in a phased manner and as we speak, Filipinos in Hong Kong and Indians & Pakistanis in Australia and New Zealand are waking up to the new brand identity. This is a part of Xpress Money's global decentralization plan, which includes marketing teams in all critical markets.
It has also been announced that the Xpress Money loyalty card, Priceless which was launched successfully in the UAE earlier this year, will now be taken to the entire GCC as a part of its 2012 roll out. Besides its dominance in the Cash to Cash space, other services that will be launched shortly include Cash to Account, Account to Cash, Account to Account, Cash to Mobile, Customer to Business and Business to Customer. The company is also one of the few non-banking financial institutions with a SWIFT membership.
"We've come a long way since our first transaction on 9/9/99 from UAE to India. By the end of the year we will be present in 135,000 locations in 125 countries across the world. Our network resides on a state-of-the-art technology platform and is backed by a dedicated support system. We have always wanted to present to our customers the perfect combination of global standards with personal and friendly service. Today, at this significant milestone, I see that the brand has more than fulfilled these expectations and looks ahead to continue on this path towards excellence," added Dr. BR Shetty, Managing Director - Xpress Money.
Highlighting key milestones, Y. Sudhir Kumar Shetty, Chief Operations Officer - Xpress Money said, "We began with a simple 'cash to cash' model and now Xpress Money has a range of product offerings to keep in mind the different needs of our customers. We have the support of a number of prestigious banking and non-banking partners who have enabled us to expand our global network. We are one of the few non-banking organizations with a SWIFT membership giving us the credibility and reach that is unparalleled across the globe. We are launching our online money transfer portal from Canada in a few days. We are also expanding our operations in Europe and the Americas. This list of accomplishments though significant is merely the foundation of an organization set to make a mark in the remittance industry."
About Xpress Money
Xpress Money is a UK based instant money transfer brand with a thriving presence in more than 100 countries in 5 continents across 100,000 agent locations worldwide. Xpress Money is an FSA licensed Authorized Payment Institution (API) that has come to be known as the fastest growing instant money transfer brand worldwide. Xpress Money provides its customers an instant, safe & affordable way to transfer money worldwide. For more information, visit www.xpressmoney.com.
*Source: ME NewsWire
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50052974&lang=en
Contacts
For Xpress Money
Lahcen Aterta, +971-2-4945480
Manager Media Relations
Aterta.lahcen@uaeexchange.com
From left: Mr. Y. Sudhir Kumar Shetty, COO, H.E. Abdulla Humaid Ali Al Mazroei, The Chairman, Dr. B.R. Shetty, MD & CEO and Mr. Sudhesh Giriyan, Vice President. (Photo: Business Wire)