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Xpress Money sees 15% growth in remittances this Ramadan

August 2, 2014 9:45 am

Xpress Money, the world’s most dependable money transfer brand, has seen a 15 percent rise in remittances from UAE, ahead of Eid-UL-Fitr. There is an increasing trend of expats starting to save and send back a little extra money from June onwards, to set the festive mood and bring smiles to their families and friends back home.

Mr. Sudhesh Giriyan, Vice President and Business Head, Xpress Money said, “Traditionally, remittance outflows observe an up-surge around the Holy Month of Ramadan. Remittances to countries such as India, Pakistan, and Bangladesh witness an increase especially from the Gulf region.”

To add value to their efforts, Xpress Money is currently running the ‘Win Everyday’ promotion wherein customers transferring money from UAE to the Indian sub-continent, can win AED 1000 daily and a mega prize of AED 20000 at the end of the promotion which concludes on August 12, 2014.

“Eid is a special festival for me and my family. Each year I save for this occasion so that I can send more money home. Besides saving, I also aim to capitalize on the on-going promotions to get that extra money”, said Hafizur Rahim, a taxi driver based in UAE.