Essence of mutual trust
LuLu Exchange values the trust of each and every customer
Bangladesh has been on a path of great growth since its independence in 1971. An integral part of this success story has been the contribution of Bangladeshi diaspora, who number more than 20 million as in the beginning of this year. Money sent by the expatriates contributes to 12 per cent of Bangladesh’s GDP. Vast employment opportunities across the Middle East in the mid-1970s contributed to the increase in Bangladeshi remittances. From a remittance amount of $11.8 million in 1974-75, it reached the $1 billion mark by the early 90s and today boasts of more than $15 billion in inward remittances.
According to the World Bank, recent projection remittances to Bangladesh are on course to recover after two consecutive years of decline. In the beginning of this year alone, Bangladesh received $1.38 billion in remittance, which is around 37 per cent more than the same period last year and 18.55 per cent more than December 2017, according to data released by Bangladesh Bank.
Over the years, Bangladesh has become the eighth biggest remittance receiving country in the world. UAE, on its part, is one of the leading sources for remittances to Bangladesh and is expected to grow steadily over the years.
For the best rates and services along with safe deliverance of their hardearned money, Bangladeshis in the UAE rely on Lulu Exchange, one of the leading global remittance and foreign exchange house with a presence of 175plus branches across nine countries. Along with upholding the very essence of trust while catering to its customers every day, the organisation is also committed to promoting innovation in all its areas of service.
With products like ‘Lulu Now’, which allows immediate credit to designated bank accounts instantly, Lulu Exchange remains at the forefront of technological innovation in this sector. The upcoming ‘Lulu Money’ app will have various features, including instant online transactions, payment tracking in real time and payment history, among others. With plans to move nearly 30 per cent of its transactions on to the digital platform by 2020, Lulu Exchange is committed to remain on the digital fast track.
Besides remittances, customers can exchange foreign currency at competitive rates and avail other value-added services like credit card payments and mobile top-up for their home country, among others. The organisation also offers its customers the Gold Card, which allows them to obtain a host of benefits at Lulu Exchange outlets, and discounts at various other shopping and hospitality partners.
LuLu Exchange is always committed towards valuing the trust of each and every one of its customers and will continue offering the best of services to the inspiring community of Bangladeshis all across UAE. The upcoming ‘Lulu Money’ app will have various features, including instant online transactions, payment tracking in real time and payment history, among others. With plans to move nearly 30 per cent of its transactions on to the digital platform by 2020, Lulu Exchange is committed to remain on the digital fast track.