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UAE Exchange extends FLASHremit with Vijaya Bank

02-22-2012 07:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: UAE Exchange

• Vijaya Bank becomes the fifth bank in India to have the facility
• FLASHremit facilitates real-time account credit
• SMS notification to both parties on account credit

“UAE Exchange has gained the trust of customers through unwavering focus on reliability, product quality and excellent service. We are a brand that is always keen on customer delight, which gave us a rich legacy of over three decades. We are sure that this new venture with Vijaya Bank will definitely enhance customer convenience.” said Dr. B. R. Shetty, Managing Director & CEO, UAE Exchange, talking on the occasion of joining hands with Vijaya Bank for FLASHremit. The leading global remittance and foreign exchange brand partnered with the leading bank in India, for extending the real time account credit facility, FLASHremit to the customers.
Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange stated “Money should reach the beneficiary faster and safer. UAE Exchange has always strived for this aim. FLASHremit furthers this vision of ours and takes money transfer to the next level by crediting the receiver’s bank account real time.”
“India is the largest receiver of remittances in the world today. To bring more convenience to the hard working, home-loving Indian expatriates and their families in India, we have found yet another like-minded partner in Vijaya Bank to extend FLASHremit to more customers. With this tie-up, the banks with FLASHremit facility in India have grown to Five. It shall be a double delight to Vijaya Bank customers that this break through instant credit product shall be offered at the same service charge as an ordinary transaction.” added Mr. Sudhir Shetty
Mr. H. S. Upendra Kamath, Chairman & Managing Director, Vijaya Bank said, “We are extremely happy to join hands with UAE Exchange, as they command immense trust of the customers. This tie up for FLASHremit enables Indian expatriates to credit money in their beneficiary’s account in Vijaya Bank real time. Our relationship with the remittance major has only grown stronger with this association, which will reflect as value addition to our customers across the length and breadth of the country.”
FLASH Remit has revolutionised the account credit scenario, where the beneficiary will receive money in their bank account within minutes, in a secured manner. The moment the amount is credited to the beneficiary’s account, an SMS notification is instantly sent to the mobile phones of both the sender and the receiver, thus reducing on the follow up costs. Union FLASH Remit service with Union Bank of India is available 24 * 7, 365 days, which includes Sundays and bank holidays.

UAE Exchange has close to 600 direct offices in 30 countries across five continents around the world, which makes it the largest networked among exchange brands. Along with FLASHremit, UAE Exchange brings a variety of quality products like Smart Pay, the leading payroll solution; Xpress Money, the instant money transfer service with over 135,000 agent locations across 125 countries; Money2anywhere, the user-friendly online money transfer portal available across 10 countries; and XPay, the solution for easy bill payment through mobile phone.
UAE Exchange has a strong correspondent relationship with over 150 global banks. Currently FLASHremit is active in India, Nepal, Sri Lanka and Philippines. Soon more banks and countries will be able to avail this quality service.
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UAE Exchange has brought together an interesting range of products and services.
Along with FLASHRemit, the remittance major offers Xpress Money, the leading global instant money transfer brand; Money2anywhere, the online money transfer portal; Smart Pay, the WPS-compliant leading payroll solution; and XPay, the facility for bill payment using mobile phones. UAE Exchange also has an interesting line-up of popular promotions all year long, which offers high value prizes like cars, gold, villas, cash in millions and more.
UAE Exchange is the largest networked among remittance brands with over 600 direct offices in 30 countries across five continents. We have correspondent banking relationship with over 150 global banks. Over 7000 professionals from more than 40 nationalities strive to ensure that UAE Exchange understands customer needs and provides them with the right solutions.
For more information, visit
For more information on our latest products or to participate in our exciting contests, join us on Facebook by logging on to
To understand UAE Exchange better visit

UAE Exchange
Al Saigh Building,
Hamdan Street, 3rd Floor
PO BOX 170, Abu Dhabi, UAE

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