UAE Exchange ties up with Punjab National Bank for FLASHremit

Media Release

• Customers with an account in Punjab National Bank can transfer money to their account instantly.

Dubai, 16 April 2014: UAE Exchange, the leading global remittance and foreign exchange brand, has tied up with Punjab National Bank, to offer FLASHremit services. Now Indian expatriates, who have an account in Punjab National Bank, can credit money in their accounts in real-time.

Speaking at the event, Dr B. R. Shetty, MD & CEO, UAE Exchange, said, “UAE Exchange has always aimed at making money transfer a seamless experience. Towards this, we have entered into an alliance with Punjab National Bank for FLASHremit, which enables customers to get a sense of security, while their money gets transferred instantly. At UAE Exchange, we have a long term relationship with Punjab National Bank and our new arrangement is sure to strengthen it further.”

Mr. K. R. Kamath, Chairman & Managing Director, Punjab National Bank, said on the occasion, “Our goal has always been to provide enhanced customer experience by offering better services to them and this has brought us closer to UAE Exchange, which shares similar vision. We are very happy to have this partnership with UAE Exchange and thank them for choosing us to partner with them for FLASHremit.”

 

FLASHremit is the instant account credit facility from UAE Exchange. It is a unique product of its kind, which remits cash to bank account, in real time. FLASHremit has already marked its presence in India, Bangladesh, Pakistan, Philippines, Nepal, Indonesia and Sri Lanka. Famed for its excellent customer service, UAE Exchange serves to over seven million customers and their dear ones, worldwide. This widest globally networked remittance brand has over 700 branches across 31 countries in five continents. Its strong correspondent banking relationship with over 150 global banks add to the might.

 
More than 9000 professionals representing over 40 nationalities, strive to achieve excellence and bring delight to customers, worldwide. This penchant for quality has won the ISO certified brand many global awards for quality & business excellence, and earned the trust of customers, partners and regulators alike, thus earning the acclaim of the World’s Trusted Money Transferrer.

Punjab National Bank (PNB) is a leading Public Sector Bank, headquartered in New Delhi, India. Established in the year 1895 as private banking company by a group of visionaries including Lala Lajpat Rai, Punjab National Bank, today has the second largest network in the country with more than 6000 branches. Punjab National Bank is one of the most profitable banks in India, which serves to more than 80 million customers and has been ranked the 221st in the world, by the Bankers’ Almanac. With a total asset of over US$ 91 billion, the banking major has its presence in 10 countries with a banking subsidiary in UK, Bhutan and Kazakhstan. It also has branches in Hong Kong, Dubai and Kabul. The Bank also has Representative Offices in Almaty (Kazakhstan), Dubai, Oslo (Norway), Sydney (Australia) and Shanghai (China). 

For more information, visit www.uaeexchange.com, and
http://blog.uaeexchange.com