 |
Al Ansari to acquire Bahrain remittance group BFC for $200mDubai-based Al Ansari Financial Services has signed an agreement to purchase 100% of BFC Group Holdings, a prominent foreign exchange and remittance group incorporated in Bahrain, for $200 million. AAFS move comes as part of its regional expan More… |
|
Al Ansari to acquire Bahrain remittance group BFC for $200mDubai-based Al Ansari Financial Services has signed an agreement to purchase 100% of BFC Group Holdings, a prominent foreign exchange and remittance group incorporated in Bahrain, for $200 million. AAFS move comes as part of its regional expan More… |
 |
UAE exchanges 'allowed to raise remittance fees by 15%'The Foreign Exchange and Remittance Group (FERG) has said exchange houses under UAE’s jurisdiction have received approval to implement an optional fee adjustment of a minimum of 15% which equates to AED2.50 ($0.68). This marks the first More… |
 |
IATA changes remittance frequency for agencies in BSP GulfThe International Air Transport Association (IATA) has announced change in the Billing and Settlement Plan (BSP) Remittance Frequency for IATA accredited agencies from fortnightly to weekly effective January 1, 2024. More… |
 |
Oman exchange firms introduce unified service chargeIn a significant move towards enhancing customer experience and transparency, 13 money exchange companies operating in Oman have introduced a unified common service charge for international remittances to India, Pakistan, Bangladesh, Philippin More… |
 |
Beyon Money seals strategic partnership with SadadBeyon Money, a part of Beyon Group, has partnered with Bahrain’s payment channel Sadad to offer its international remittance services on all its machines across the kingdom. It covers 49 overseas destinations including UK, US, Africa, EU More… |
 |
Hubpay launches cross-border remittance offeringHubpay, a UAE-based technology company providing digital payment solutions for consumers and small to medium size businesses, has announced the expansion of its cross-border remittance offering with the launch of ‘Hubpay for Business&rsq More… |
 |
LuLu Money in deal to enable remittance using Visa debit cardsLuLu International Exchange, one of the leading payment service providers in the UAE, has entered a strategic collaboration with Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA), and global pay More… |
 |
UN calls on govts to make remittance essential serviceThe United Nations' International Fund for Agricultural Development (IFAD) today called for governments across the world to declare remittance service providers essential businesses in times of crisis. “Remittances are a More… |
 |
Al Ansari Exchange records 40% increase in mobile transactionsAl Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, reported witnessing more than 40% increase in mobile transactions from UAE residents to home countries since the beginning of March (and the Covid-19 outb More… |
