Media-Center

Standard Chartered Bahrain ties deal with UAE Exchange to expand payment network

Standard Chartered Bahrain in partnership with UAE Exchange is to expand its payment network to 5 payment locations. Standard Chartered Credit Cardholders has the convenience of making cash payments of their credit card bills of up to a maximum of BD2,000 at any of the five UAE Exchange branches in the Kingdom of Bahrain.

UAE Exchange has a network of 5 branches in Bahrain and is recognized in the Bahrain remittance industry since its establishment in 2007. UAE Exchange has branches at LuLu Hypermarket - Riffa, Muharraq, Gudaibiya and in Sh. Hamad Road and Manama.

Commenting on the partnership, B.Chandrasekhar, Regional Head of Consumer Banking Northern Gulf Levant and Oman, Standard Chartered Bank said,

"The expanded payment option service at the UAE Exchange branches is designed to provide a convenient banking experience. Standard Chartered cardholders can now enjoy additional complimentary payment services at the 5 branches of UAE Exchange in addition to the bank's counters and its online banking channel, `iBanking'. Partnering with an established and trusted exchange house, such as UAE Exchange, underscores our commitment to providing convenient, safe and secure payment options to our customers."

Santhosh Nair, Country Head, UAE Exchange, Bahrain said,

"We are proud to associate with Standard Chartered Bank to offer our services to the Bank's cardholders. Our partnership with Standard Chartered Bank will provide our customers with yet another convenient service that will enable them to pay their credit card bills quickly and with confidence. We hope cardholders will take advantage of this bill payment facility as well as enjoy world-class money remittance services offered by UAE Exchange"

Standard Chartered Bank, the first bank in Bahrain, has been in the Kingdom for 90 years since 1920 and has a network of 5 branches. Cardholders can call 17 531 532 or visit the nearest UAE Exchange branch for more information.

Now you can receive money from India easily!

Customers’ convenience has been the foremost thing in UAE Exchange’s preamble. We continuously seek innovative ways to add value to you, our customer, with new products and services. Receive Money Remittance from India is one such unique service by our India operations. You can now receive money from India to your bank account anywhere in the world.

Salient Features

  • Receive money from India to your local bank account anywhere in the world within 48 hours.
  • Send up to USD 100,000 abroad in a Financial year from your NRO account under the ‘’Maintenance to close relative’’ category.
  • Cash Payment of up to a maximum of Rs. 50,000  in a single transaction.
  • Remit up to USD 1 million in a financial year  from your NRE/NRO account to any foreign country.
  • Remit up to USD 200,000 to a NRI friend settled abroad under the ‘’Gift purpose’’ category in a financial year.

Note:
- Payment above Rs. 50,000, by A/C payee cheque, pay order or A/C payee DD required.
- Minimum of Rs. 250 + Service Tax for every transaction.
- Money cannot be sent to a foreign national’s account.

UAE Exchange releases the book 'Lata - Voice of the Golden Era' - April 2011

- A tribute to Lata Mangeshkar by Dr. Mandar V. Bichu
- The book was unveiled by Dr. B. R. Shetty, MD & CEO, NMC Group on 23rd April, 2011

UAE Exchange increases presence in Al Gharbia, the Western Region of Abu Dhabi

- Opens 3 more branches in strategic locations

“We identify an opportunity, when we see one.” said Mr. Y. Sudhir Kumar Shetty, COO — Global Operations, UAE Exchange, while talking on the occasion of the inauguration ceremony of three new branches in Sila, Ghayathi and Liwa. The new outlets are strategically planned in Al Gharbia, the Western Region of Abu Dhabi, a fast upcoming hub with focused developmental activities of the Government of UAE. UAE Exchange currently has three branches in the region — Ghayathi, Madinat Zayed and Ruwais. With three new branches, its presence in the region will be strengthened to six. 

Mr. Shetty further added that, “The UAE Government through Western Region Development Council (WRDC), has identified the potential of the province and has planned out to develop it extensively. This shows the farsightedness and vision for a bright future set by the Government. These new branches will add to our strong network of over 500 branches across 22 countries in five continents. They also strengthen our extensive network in the UAE, taking the total score to 96.”

Always a harbinger of change, UAE Exchange with its innovative approach and strategic partnerships, has continued to add new products and services to its wide range and bring more value to its customers. Its strong correspondent relationship with over 150 global banks adds to the convenience.

“Over three decades, UAE Exchange has grown into a people’s brand globally; winning customers through its unwavering focus on reliability, product quality and service excellence. A strong community member and a responsible corporate citizen, UAE Exchange has always aimed to add value to customers, partners, communities and the society at large. Today customers turn to us not only for remittance and Foreign Exchange but for solutions for their multiple financial requirements. And I feel UAE Exchange today can be considered as a financial supermarket.” said Mr. Shetty before signing off.

UAE Exchange wins Banker Middle East Products and Dubai Service Excellence Scheme awards

Quality service has always scored high. UAE Exchange, the leading global remittance and Foreign Exchange brand, winning multiple awards for service stands testimony to this. The latest recognitions for the remittance major came through the Banker Middle East Products Award in Best Exchange Service category and also the Dubai Service Excellence Scheme Award in the Best Performing Outlet category, recently in Dubai.

Discover Amazing Thailand with UAE Exchange

Discover Amazing Thailand with UAE Exchange - May 2011

UAE Exchange is glad to announce the strategic tie-up with the Tourism Authority of Thailand (TAT). As part of various global marketing initiatives planned with TAT we have triggered off ‘Amazing Thailand’ promotion. The promotion will be running in 5 countries — United Arab Emirates, Bahrain, Qatar, Kuwait & Jordan - for a period of 6 months starting from 1st May, 2011 till 30th October, 2011. All customers, who send money through any of the UAE Exchange branches in the UAE, Bahrain, Qatar, Kuwait or Jordan during this period, get a chance to win a tour package to Bangkok. One customer every month from each of the five countries mentioned above will win a tour package (two pax) to Thailand.

Prize Details:

  • 30 holiday packages to be won
  • Five holiday packages to be won every month
  • Each country will have one winner every month

Eligible transaction(s) for the draw:

  • Customers making remittance transactions for a minimum amount of USD 1,500 and above
  • Customers who purchase Thai Baht, the currency of Thailand
  • Customers who load Thai Baht in ‘’go cash’’ travel card