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					UAE Exchange extends FLASHremit in Philippines
      Joins hands with "Asia United Bank" and "Metropolitan Bank & Trust Co"
      Account credit in real time
      SMS notification to both parties on account credit

"Reducing the turnaround time of crediting to bank accounts, to real time, for our Filipino customers, is
our aim. FLASHremit enables us to address it perfectly, taking money transfer to the next level.", said
Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, talking on the occasion of
UAE Exchange joining hands with "Asia United Bank" and "Metropolitan Bank & Trust Company", for
FLASHremit. The leading global remittance and foreign exchange brand, partnered with the leading
banks in Philippines, for extending the real time account credit facility to more customers.

"Philippines is one of the most active remittance receiving markets. To bring more convenience to the
hard working Filipino expatriates and their families in Philippines, we have found like-minded partners
in Asia United Bank and Metropolitan Bank & Trust Company. Our relationship with our partners has
only grown stronger with this association, which will reflect as value addition to our customers across
the length and breadth of the country." added Mr. Sudhir.

FLASHremit has revolutionised the account credit scenario, where the beneficiary will receive money in
their bank account within minutes, in a secured manner. The moment the amount is credited to the
beneficiary’s account, an SMS notification is instantly sent to the mobile phones of both the sender and
the receiver, thus reducing on the follow up costs. UAE Exchange has a strong correspondent
relationship with over 150 global banks. Other than Philippines, currently FLASHremit is active in
India, Nepal and Sri Lanka. Soon more banks and countries will be able to avail this quality service.

Apart from FLASHremit, UAE Exchange offers wide range of services, backed by state-of-the-art
technology. Its services meet the financial needs of its 3.5 million plus customers worldwide. The range
includes Xpress Money, the instant money transfer service with over 135,000 payout locations in more
than 125 countries;, the convenient online money transfer portal by which money
can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart
Pay, the WPS-compliant leading payroll solution; Gocash, the prepaid travel card; and XPay, the online
bill payment service using mobile phone. These popular services have made UAE Exchange a true
financial supermarket.

The remittance majors penchant for quality has not only brought quality services for its customers, but
also has won it many awards including the Banker Middle East Product Award, Dubai Quality Award,
Sheikh Khalifa Excellence Award, Sheikh Mohammed bin Rashid Al Maktoum Business Award, Dubai
Human Development Appreciation Programme, Dubai Service Excellence Scheme Award, Best Partner
by Emirates National Development Program, UAE Emiratisation Award, Dubai Service Excellence
Scheme Award, Deutsche Bank STP Excellence Award, Customer Service Week Star Award in 2009 &
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2011, ISO 9001 & 14001 certification and voted Superbrand status in 2009, 2010, 2011 and 2012
consecutively and more.

The event was held with much fanfare. It was attended by senior officials of UAE Exchange and the
partnering banks and the Media.

About UAE Exchange

UAE Exchange is a leading global remittance and exchange house based in UAE with, with direct ‎ perations
spanning 30 countries across five continents with over 600 direct offices. With ‎ orrespondent banking
relationship covering more than 150 global banks, and associations with ‎ any leading brands globally to bring
several value-added products to customers, UAE ‎ xchange, acclaimed the world over as the ‘World’s Trusted
Money Transferor provides ‎ nmatched service in the industry to a wide customer base of around 3.5 million. In
UAE, the ‎ rand has a leading presence with a network of over 101 branches covering all the Emirates. In
‎ ctober 2009, UAE Exchange commenced its 30th year of successful business operations. For ‎ ore information,
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Contact Details:

Manager Media Relations
UAE Exchange Centre LLC
Al Saigh Building, Hamdan Street,
PO BOX 170, Abu Dhabi, UAE
Telephone: +971-2-4945480

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