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s which ng collection of note that this interesti I hope period of E Exchange, over a ve gathered on UA I ha iction and passion derstand the conv me, will help you un ti insight on how it r. And give you an that it stands fo ds. most admired bran became one of the
Mission
UAE Exchange has really touched the lives of millions of people, positively, bringing them closer and helping them stay connected. And it is their strong and clear foresight that makes this possible.
es in To stay ahead of the tim iendly value providing customer-fr rmth; Fulfill added services with wa employees; the aspirations of the th in revenue Create sustained grow e the society and profitability; Serv onment of and flourish in an envir parency. mutual trust and trans
Vision
To be an ever dependable friend, the link that emotionally connects people across the globe through technology driven, professional, dedicated and timely services delivered with a personal touch.
d ht a n thoug and y in Clarit akes a br hink t m vision ful. And I s won ss ha ge succe xchan laying AE E battle by the U the h at half r pa t a clea out t. outse
So, when I think of the brand UAE Exchange, I visualise a happy world one that of the individual and one that we see around us.
Knowledge
Integrity
Trust and integrity are the foremost values in order to succeed in this industry as it is dealing in public money. Their leaders wanted UAE Exchange to practice integrity thereby creating trust in the minds of the customers
ve at I tried to achie Its not a rhyme th Ps that propelled but the 3 strong succeed UAE Exchange to
No business would succeed without commitment and active involvement of the entire organisation. Their leaders wanted to instill a sense of passion among the employees to serve the customers with warmth; undertake activities which are committed to the society; foster business relations committed to partners.
Commitment
gest orld the big the w ence ! ange is and in Exch s UAE k p re nce br emitta etwor tn retail r f direc e rms o in t
Direct operations spanning five continents with over 500 direct offices
Thereissomethinginterestingaboutrelationships.
remittance busin
Wecanfeelthem.Theystrikethestringsofoursoul.Andas yearsrollby,theyaddmorewarmthandmeaningtolife.They maynotbetangible,butcanendureeventhetoughestmiresof time.Yes,wearetalkingaboutrelationships. Likethesacredmarriagewhichtransformsoursolitaryworld intoahappyplacetodwell;thebirthofachild,whichbrings unendingmomentsofjoytous;thereliablecar,whichstoodlike astallion;ourcaringmother,whokindledourlongingforhome; ourschoolwhichbringsbackthosesweetmemoriesof innocenceandfriendship;ourpetanimalwhichgaveusthat unconditionallove;orourreliablebankwhichhasgivenusthe financialsecurity,wheneveritwassoneeded.Eachoneofthese isanexampleofstrongrelationshipbuiltovertheyearswith trustandcare. Symbolsofrelationshipsmayvary,buttheunderlyingspirit remainsthesame.Arelationshipisaninvisiblecordbinding heartsandminds,throughwhichvaluesarepassedonback andforth.Valuesoffaith,hope,loyaltyandownership,which drivesusforwardeverymoment. UAEExchangealsoexistsinthatframeofrelationshipscrafted themeaningfulway.Andtheyhavebeencherishingitforover threedecadesastheWorldsTrustedMoneyTransferrer.
40 nationalities
Tops on customer satisfaction charts One of the most diversified product ranges in the industry
Winner of many global business & quality awards
million registered More than customers worldwide Global net worth of more than US$
3.5
150 millions
Milestones
1980
FirstbranchofUAE Exchangeestablished inAbuDhabi,UAE.
2000 2001
FirstLiaisonOfficein Bangladeshestablished.
1981-92
Consolidationof UAEcountry operationsasthe marketleader.
2005
2009
UAEExchangeQatargets QMSCertificationunder ISO9001:2008. WasconferredtheUAE EmiratisationAward, DubaiHuman DevelopmentAward, DeutscheBankSTP ExcellenceAward2008, SheikhKhalifa ExcellenceAward. Waschosenthe SuperbrandofUAEfor 2009. Commencedoperations inCanada,NewZealand &China(Takingthetotal to22Countries). SmartPay-MasterCard ElectronicPayrollCard launched. VisaMoneyTransfer facilitylaunched.
1993 1994
2002 2003
FirstLiaisonOfficein SriLankaestablished.
UAEExchange commencesoperations inHongKongand Uganda,andlaunchesits newBackOfficesystem. SecondLiaisonOfficein Bangladeshopened, anditsUAEoperations Wontheprestigious DubaiQuality Appreciation Programme.
2006
1995 1996
Alandmarkyearfor UAEExchange,whenit commencedits operationsinAustralia byacquiringan existingexchange house,launcheditsUK operations,and establishedits100th branchinIndia. Italsoenteredintothe CorporateBusiness segmentduringthe year,andhelditsfirst everGlobal Conference. Atechnologymilestone wasachievedwhenits UAEoperations launchedSelfServing KioskMachinesacross itsbranches.
UAEExchange commencesoperations inBahrain,and establishesitsliaison officeinPhilippines. Opensits50thbranch inUAE. Thecompanywins theBestPerformance Outletawardunder theDubaiService ExcellenceScheme.
2007
Wasconferredthe DeutscheBankSTP ExcellenceAward2009, DubaiQualityAward. Waschosenthe SuperbrandofUAEfor 2010. UAEExchange completed30thyearof successfulbusiness operations. OpenedtheUAEand BahrainCountryOffices Opened90thbranchin theUAE. DubaiServiceExcellence SchemeAwardunder BestPerformingOutlet category CustomerserviceWeek starAward2010
2010
1997 1998
2008
FirstLiaisonOffice inIndiaestablished.
UAEExchange commencesoperations inSudan. Newwebbased transactionsoftware, XCQ,launched. UAEoperationsofthe companygetISO 9001:2000 certification.
2004
1999
UAEExchangelaunches retailoperationsinIndia.
2011
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from E Exchange inguish UA which has esults dist onsistency rational r pace and c lity of ope y of Qua t a nal efficienc eliver it a ion. They d e operatio competit st the ndards. Th antly again dustry sta ated const remained in always es is evalu nal process organisatio their roduce. lts they p lity of resu e ground qua eak of th bagged sp they have ss, every ecognitions very proce ards and r s, where e woven The aw hirty year a seamlessly ed over t flywheel, in have cover a er to they works like us a point nal decision, olade is th o c organisatio er value t e. Each ac e excellenc ging great alled servic wards brin fabric c taken to they have rong step the st mers. the custo
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Our founder leaders: Dr. B. R. Shetty and H. E. Abdulla Humaid Ali Al Mazroei
Valueofanenterprisecannotbecreated overnight,andinabusinessasdynamicas remittance,onehastohavetheright approach,convictionandpoisetobuildit upoveralongperiod.Ourdeep understandingofthechangingneedsof ourcustomersandthepulseofthemarket havehelpedusprovideoutstanding productsandservicesacrosstheworld. UAEExchangeisacclaimedasabrandthat ensuresvalue-for-moneyforcustomers andfruitfulrelationshipforallbusiness associates.Ourcustomersloveourbrand becauseofthevaluethatwegivethem back,andourassociatesrespectusnot justbecauseofourrevenuegenerating powerandemphasisonquality,butforour productiveandreliablecollaboration skills. Asapeoplesbrand,wehavealwaysbeena valuedpartnertoourassociates,a
responsiblecommunitymember,and aboveallanenterprisethatdoes responsibleandethicalbusiness.Wehave hiredpeoplewithhumanvalues,forwhom servicemattersthemost.Weoperatewith customer-friendlyproducts,processesand partners. Andwearetheleaderinremittancebyfar. Witheverypassingday,newstandardsare achievedandnewdreamsarebuiltinthe remittanceindustry.Moreandmore peopletranscendtheglobeinsearchof careerandcommerce.UAEExchangehas alwaysbeenintheforefronttoaddressthe needsofthemarketplace,andwould continuedeliveringthebestpossible servicetothecommunitiesweserve. ThatswhyweareknownastheWorlds TrustedMoneyTransferrer. Wewouldcontinuedeliveringvalueand woulduseeveryopportunitytobuildnew trusted,lastingandmeaningful relationships.
OurevolutionintotheWorldsTrusted MoneyTransferrerhasbeenanincredible journeyspanningthreedecades.Ajourney throughafast-changingworldwithpeople becomingincreasinglymobile,businesses crossingthefarthestofborders, commercialindexesskyrocketing,and globalfundflowsthickening. Thechallengewefacedallthroughour journeywasnottomovewiththetrends, buttosetthemforotherstofollow...to pioneerstandardswhichwouldhelp organizetheremittanceindustry,sothatit caneffectivelystanduptotheneedsofthe transformingworld. UAEExchangestartedoffin1980witha smallbranchinAbuDhabi,theUnited ArabEmirates.Todaywhenwelookback, weseethefineempirewehavebuilt, spreadingacrossfivecontinents,and bringingdelighttomillionsofpeople everyday.
Duringourjourney,weturnedevery challengeintoopportunity,and consolidatedeverymarketwestrategically enteredinto,rightfromNorthAmericato Oceania.Werelentlesslyimprovedonour services,deliverysystemsandvalue-chain throughinnovation,infusingtechnology whichalwayshaveahumantouch.We associatedwiththebestaddressesinthe financialworld,andpassedonthe advantagetoall.Weachievednewquality andbusinesscompetencybenchmarksall through,sothatwecoulddelivergreater valuetoourcustomers. Butwhathasrenderedtheimpetusforus tomoveforwardwasthefactorwhich formsthebastionofourbusiness.People... theordinarymanwhowalksintoour branchesbrimmingwiththeconfidence thatourserviceswouldresponsiblytake careoftheirday-to-dayfinancial managementneeds,forwhomwearethe mostreliablechannelwhichconnectshim
Dr.B.R.Shetty ManagingDirector&CEO
H.E.AbdullaHumaidAliAlMazroei Chairman
, as our E Exchange sets on UA Sun never he face of d across t ns are sprea operatio ts. At any five continen h, covering the eart on the somewhere nt in time, given poi xchange e a UAE E ere would b globe, th same omers the roviding cust branch p d value, e, quality an d experienc renowne gh more cted throu been perfe which has ess essful busin ars of succ than 30 ye . operations assion runs obal, our p r vision is gl While ou otprint has d global fo ur unrivalle local. O in depth through an been built we have ery market anding of ev g underst r compellin ed over ou into, found entered ers with local custom o serve our drive t ittance e global rem t that th he the bes becoming t ide and thus y can prov industr sferrer. Money Tran s Trusted World
Inthepipeline...
Austria,Belgium,Botswana,Germany,France,Ireland,Japan,Kenya,Libya, Macau,Malaysia,Mauritius,Morocco,Nigeria,SouthAfrica,Ethiopia.
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Itisindeedtruethatinremittance business,thenumberofbanking partnersdeterminethevalue propositiontothecustomer.We,at UAEExchange,ownthelargest correspondentbankingnetworkin theremittanceindustrywithover 150globalbanks. Whileremainingunchallengedin termsofcustomerchoiceand value,werelentlesslybuildonour corestrengthpartnerships.As customeraspirationskeep growing,theyhavetobematched anygivenday.Andinthiscontext theselogosspeakvolumesonthe strongpartnershipsthat wesharewiththem!
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A global instant money transfer product launched in 1999, which has swiftly become one of the most favoured brands worldwide. With a presence in nearly 100 countries across five continents through a global network of agents, Xpress Money connects the source and destination of funds by a few minutes. Prestigious banks and NBFCs are among its agents, and Xpress Money beats its rivals through several unique and innovative inbuilt features which has made it very popular. This includes SMS alert to sender upon fund collection at destination, anywhere payout within an agents location, free of charge cancellation of transactions etc. For more details, log on to www.xpressmoney.com
XPAY, a Reserve Bank of India (RBI) licensed modern payment facility from UAE Exchange, is a revolutionary product which is set to change the way payment and settlements work in India. It is a convenient, safe, and secure way to pay for day-to-day purchases at all merchant establishments where XPAY service is available. With Xpay, you have the ease of payment from your comfort zone, without worrying about carrying cash, credit cards or having a bank account. All payments can be done for nominal cost through mobile phones or through internet. Further, the service gives the option of paying for insurance premiums, loans etc on a fixed day by way of standing instructions. For more details, log on to www.xpayindia.com.
UAE Exchange has taken remittance to the domestic environs of the internet-savvy customer with Money2Anywhere, a new-age remittance platform which facilitates money transfers and payment settlement online. Registered customers can send money safely, conveniently and cost-effectively anytime of the day from wherever they are, using the Money2Anywhere portal. Pilot launched in Australia and the United Kingdom, the service has also become popular in other countries, with more countries in the pipeline for launch. For more details, log on to www.money2anywhere.com A unique payroll processing and salary disbursement platform from UAE Exchange, which has in a short period of time dispelled the manual payroll processing woes of thousands of labour-oriented businesses in the Middle East and beyond, thus becoming the No. 1 choice among payroll solutions in the market. Flagship launched in the UAE, it is fully compliant with the stipulations of the Wages Protection System (WPS), a joint initiative of the UAE Ministry of Labour and the UAE Central Bank. Smart Pay has opened up a new age of convenience for salary earners, who have the privilege of collecting their salaries on time from any of the wide-networked branches of UAE Exchange easily. To further enhance convenience, UAE Exchange joined hands with MasterCard Worldwide, leaders in advanced global commerce, to launch the Payroll Card, which enables employees to access their salary accounts free of charge, 24/7, through Cash Dispensing Machines (CDMs) widely installed by UAE Exchange. The card can also be used for purchases wherever Point of Sale (POS) machines are available for payment settlement. For more information, log on to www.smartpay.ae
A revolutionary product from UAE Exchange that enables real-time remittance to bank accounts, through a host-to-host connection. Thus, gone are the days when people had to wait for days or long hours to get confirmation from the bank that the money they sent has been credited to the destination account. And not just that. The sender gets an SMS confirmation within seconds of account credit. Flash would, in the days to come, leverage on the strong 150 plus correspondent bank network of UAE Exchange, to be made available across the world.
UAE
All Retail Countries All Retail Countries except India Available in more than 1 Country
EMI Payments
Card Transfer Air line Ticket Payments BERM Credit Card Bill Payments
Membership Subscriptions
Agency Service
Prepaid Cards
Payroll Cards
Bond Distribution
Wealth Management Commodity Sale Gifting Services Cash Advance Wholesale Travellers Cheque Retail Ticketing Tours
Share Trading
Asaleadingfinancialinstitutionoperatingindifferentcountriesunderdiverseregulatory environmentsandsocio-economicclimes,UAEExchangeunderstandsthecriticalityofbeingvigilantto ensuresafetyandsecurityofitssystemsandprocesses.Thebrandhasthusputinplaceseamless watchdogmechanismswhichensurethatitsoperationalrealmisguardedagainstmalpracticesofany kind,inthegreaterinterestsofthefinancialworldandmankind. Strongemphasisontotalcompliancewithglobalsecurityandregulatorystipulationsprotectsthebrand againstsocio-politicalandeconomiccrimesincludingmoneylaunderingattempts,fraudulentor criminalnaturetransactionsandterrorismfinancingattempts. ComprehensiveAnti-MoneyLaundering&CombatingFinancialTerrorism(AML&CTF)programs withintheorganisationdeployscentralandregionalcomplianceteams,periodictrainingofstaffson bestpractices,andregularexternalandinternalauditstoevaluateitseffectiveness.Automated monitoringsystemscloselylinkedtooperationalprocessesensurecompliancewithglobalstipulations, andreal-timedetectionofsuspiciousactivitiesoriginatingfromindividuals,organisationsorcountries. Systemsarecontinuallyupdatedtobeatparwithglobalalertsfromwatchdogagencies,andtoensure leastrefractorytimeinstatutoryreporting.
UAEExchangeisproudlycomplianttothesereputedregulators:
Wecountourcustomersspreadaroundtheglobein millions.Theyaremanyandvaried,andtheir aspirationsarealwaysbig.Sothevaluepropositionwe offerthemisthebest,wherevertheyareintheworld, betterthananybodyelsecouldoffer. Wekeepnurturingthesmile,whichwehaveputon theirfacessincethreedecades.Wehavebuilta multitudeofofficesaroundtheworld,delivering productswhicharedeeplyembeddedintheir lifestyles,withunwaveringfocusonquality. Andwewinbackazillionsmiles...whichreflecttheir loveforourbrand,whichhasfoundaspecial placeintheirhearts. Azillionsmilesyes,thatswhatweare! Call-back Service
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g to ratin star iveate full f rpor give a es Co I ng y. Excha sibilit UAE espon Delete l R Socia
ustomers trust of c th e ct s gained ity, produ change ha E Ex on reliabil UA ys been focus have alwa nwavering e ical through u bove all, w on an eth service. A y and ablished t est qualit ew marke - centric, to every n customer rry highly ich we ca stem, wh value sy ion d generat nter. the secon d we e son we fin is the rea This g to us. too comin ers of custom
We ha ve p deliver rogressively qu m contrib ality servic anaged our pe e. Our ute tow people ople to ards i continu mpro a cti ous Closel ly encourage vements and vely y li d to se a rve wit re key to stening to o h pa ur e mo their b tivation in o mployees ha ssion. ur work s b een onding t f with o ur cust orce, and in he turn, omers. Rajesh G
Viability has been the criterion for scaling-up of UAE Exchange operations across the globe, and we have successfully outbalanced business performance against operational costs. We are a financial stronghold today, and would figure among the most viable enterprises of the world.
Pradeep Kumar
Chief Financial Officer
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p la n ne d , e t re s u lt o f e s s is t h e n e t s uc c g a in s t h a nge m a r k o n s t a n t ly a Th e UAE Exc e v a lu ate d c h ich a re en c t iv it ie s w w t h h as be me a s u re d a e rs . O u r g ro c us t om b r ing t o o u r e of the e v a lue t h e y th o n ly b e c aus u ld h a pp e n o a ll e n, w h ich c h we u ph e ld m a r k e t- dr iv n sh ip s w h ic re lat io d p a s s io n ate t r us t f u l a n 30 ye a rs . t h ro ugh o u r ir iy a n Sudh e s h G ent s s De ve lo pm e n t- B us ine Vic e Pre s id
h no lo g y man tec er oy hu We empl loping custom ve ponse when de and res nge. The ces interfa t UAE Excha a aim for systems hich we dw standar eploy new ed when w is its nology stomer tech with cu huge bility compati s. We have the ion atching aspirat ity of m ibil respons y with the og f our technol ations o r ing aspi increas . rs custome
Reflections
of the core executive team