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May 11, 2016updated 04 Apr 2017 3:58pm

WorldRemit collaborates with UAE Exchange for instant money transfers

WorldRemit has joined hands with UAE Exchange to offer its customers instant money transfers for multiple markets.

By Verdict Staff

WorldRemit has joined hands with UAE Exchange to offer its customers instant money transfers for multiple markets.

The deal will enable WorldRemit clients to transfer money instantly to be picked up as cash at UAE Exchange branches in Morocco, Uganda, Rwanda, Kenya and Zambia.

WorldRemit said it intends to launch the new services across further countries in Africa, the Middle East and Asia over time.

UAE Exchange has integrated with WorldRemit though WorldRemit’s Payout API, a scalable API built using RESTful architecture that can process a high frequency of requests.

UAE Exchange CEO Promoth Manghat said: "As one of the world’s most innovative remittance and foreign exchange brands, we are delighted to collaborate with another trailblazer in the space. Through our partnership, WorldRemit can benefit from our extensive correspondent network, expanding their coverage into new areas."

WorldRemit CEO and founder Ismail Ahmed said: "We are committed to giving people the power to share money anytime, anywhere. By partnering with UAE Exchange, our customers can enjoy a greater range of payout options in more countries that ever before."

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