UAE Exchange, Corporation Bank enter deal

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. 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 in Dubai to mark this new offering. Speaking at the event, 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.” 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. From Gulf Today