UAE Exchange partners with Corporation Bank in India to introduce FLASHremit by alhassan2012


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									UAE Exchange partners with Corporation Bank in India to introduce
UAE Exchange, the leading global remittance and foreign exchange brand and Corporation Bank,
India entered into an agreement to offer FLASHremit services to their customers, who can now send
money real time to their beneficiaries’ bank accounts in Corporation Bank.

Money transfer to bank accounts in Corporation Bank is now real time with UAE Exchange. The
leading global remittance and foreign exchange brand has joined hands with the popular bank in India to
offer FLASHremit, the facility for real time account credit, to its customers. The service will enable
money transfer to bank account within minutes and also intimate both sender and receiver through SMS
on account credit. An event was held at Shangri-la Hotel, Dubai to mark this new offering.

Speaking at the event, Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, said,
“We have had a strong and long relationship with Corporation Bank. This new understanding for
FLASHremit further strengthens it. UAE Exchange has always aimed at making money transfer a
seamless and speedy experience, which is an aim we share with Corporation Bank. Customers get a
sense of satisfaction and security, when their money is transferred real time. This new convenience will
further enhance their happiness.”

Mr. Amar Lal Daultani, Executive Director – Corporation Bank, said, “The relationship with
UAE Exchange has been long and mutually fruitful, which has added rich value to our customers. The
goodwill and common passion to offer quality service has brought us together again. We are very sure
that this new arrangement of real time money transfer through FLASHremit will benefit our customers a

UAE Exchange initially launched FLASHremit, with banks in India and its quality and popularity grew
faster. So far seven banks in India have partnered with the remittance major. Corporation Bank is the
latest and eight in the list. Apart from India, FLASHremit extends convenience to customers in
Philippines, Nepal, Sri Lanka and Pakistan & Bangladesh. Its growing popularity stands testimony to the
goodwill, which UAE Exchange enjoys worldwide. Over 4 million customers trust the money transferrer
with their hard earned money. It has over 650 branches across 30 countries in five continents, making it
the largest global network among remittance brands. Its strong correspondent relationship with over 150
global banks adds to the might.

Corporation Bank has been serving millions of customers since 1906. It is the forerunner in evolving
and adopting financial sector reforms. With over 6000 service outlets overseas, it is one of the premier
public sector banks in India.

The event was attended by senior officials of UAE Exchange, Corporation Bank, special invitees and the

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About UAE Exchange

UAE Exchange is a leading global remittance and foreign exchange brand, based in UAE, with over 600
direct offices in 30 countries across five continents. With correspondent banking relationship with more
than 150 global banks, and associations with leading global brands, UAE Exchange provides
unmatched service to over 3.5 million customers, worldwide. In UAE, the brand has a leading presence
with a network of over 122 branches covering all the Emirates.
For more information, visit, and

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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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