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Ripple partners with Egypt's largest bank for cross-border remittances

Ripple has partnered with the National Bank of Egypt to power cross-border transfers between the North African nation and the UAE.
The partnership will greatly benefit both parties as Egypt is one of the top five nations in terms of remittance received.
Ripple has partnered with the largest bank in Egypt to power cross-border remittances. The National Bank of Egypt will connect with a UAE-based financial services provider, allowing the millions of Egyptians working in the Middle Eastern country to send money back home seamlessly on RIppleNet.
Ripple announced the partnership today via a blog post. The San Francisco company will facilitate the remittances through RippleNet between the Egyptian bank and LuLu International Exchange, a UAE financial services company that deals primarily in foreign exchange and global money transfer. ....

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Expo 2020 Dubai: 15 money exchanges near the venue

Dubai: Heading to Expo 2020 and need to convert some cash to dirhams? We ve got you covered. Here are 15 money exchanges closest to the site. Plus, all the other ways in which you can use foreign currency while travelling in the UAE and the benefits of each one.
But first, here s a look at the money exchange process. You will need a valid national ID or a copy of your passport. You will be required to fill in your contact details at the time of your exchange. In case you have a traveller’s cheque that you need honoured, call and check with the exchange house before your visit to see if they accept these. ....

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Covid: Remittances from UAE to India surge during latest wave

Waheed Abbas/Dubai
Exchange house waives charges on funds being remitted to PM Cares Fund
Remittances from the UAE to India have picked up since the outbreak of the latest Covid-19 wave, as people in India increase their dependency on NRIs working here in the UAE.
In addition, some of the local exchange houses are also supporting India by waiving charges on remittances being sent to Indian Prime Minister Narendra Modi’s PM Cares Fund for Covid-19. (Check out the latest gold/forex rates in UAE)
“There has been a noticeable increase in remittances being sent by our Indian customers to their families during India’s latest Covid-19 outbreak. Over the past few days, we have announced that we will waive all our charges to any funds being sent to the PM Cares Fund, which supports India’s fight against the virus,” said Hasan Fardan Al Fardan, CEO of Al Fardan Exchange. ....

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COVID-19: Remittances from UAE to India surge during latest wave

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LuLu Exchange Opens Its 83rd branch in UAE at Umm Al Quwain

Standalone LuLu Exchange is brand s second in the emirate of Umm Al Quwain
Image Credit: Supplied
LuLu International Exchange – UAE’s leading payments provider offering cross-border remittances and currency exchange services, has opened its 83rd branch in UAE at the Umm Al Quwain Industrial Area.
The standalone branch, which is the second in Umm Al Quwain emirate, is also one of the largest branches of the company in the UAE and marks the 235th Global Branch of LuLu Financial Group worldwide. The branch was inaugurated by Sheikh Ali Rashid Ali Hamad Almualla, Captain, Federal Authority for Identity & Citizenship, in the presence of senior management of the Group. ....

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