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Countries in the GCC are home to more than 25 million expats from across the world. Adding to this, millions of visitors drop by each country every year for short and long vacations. Furthermore, the region is fast becoming the business hub of the world, with many developments in the pipeline ranging from infrastructure to technology to commerce and trade.

The growth story of the region has enhanced the flow of money in and out of the region. Services like currency conversion, transfer of funds between banks accounts, remittances, personal or business loans, financing and future savings, have all vastly increased over the past few years.

In relation to the increased need for financial services, companies in the region have evolved likewise to cater to the expat community. LuLu Exchange, an ISO 9001: 2015 certified organisation, with easily accessible and widely networked branches across the region, acts as the go-to financial services outlet for expats.

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 valueadded 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 bureaus, and discounts at various other shopping and hospitality partners.

LuLu Exchange currently has over 180 branches spread across UAE, Oman, Kuwait, Qatar, Bahrain, India, Seychelles, Hong Kong and Philippines.