Al Mulla Exchange Kuwait partners with HomeSend
Boost global international money transfers footprint
KUWAIT CITY, May 12: HomeSend has announced a partnership with Al Mulla Exchange, Kuwait’s leading exchange company, to boost Al Mulla Exchange’s global footprint for international money transfers through the integration of the HomeSend service.
A joint venture between Mastercard, the majority shareholder, eServGlobal and BICS, HomeSend is a leading player in the revolution to transform the way funds flow cross-border.
HomeSend’s backbone is its comprehensive global network, which enables Money Transfer Organisations like Al Mulla Exchange and organisations like banks and Mobile Money Operators to transfer funds to financial institutions across the world in a faster, more cost-effective way.
Through this partnership, Al Mulla Exchange will offer its registered customers an increased range of sending destinations for direct account-to-account international money transfers, including bank accounts in markets including Europe, UK, Canada, Australia, Indonesia, Thailand and China.
“Our mission at Al Mulla Exchange has always been to bring the latest advances in global money transfer technologies to our customers, enabling not only faster, more secure international funds transfers, but also providing our customers with greater reach to their channels of choice right across the world.” said Abdulla Najeeb Almulla, Chairman of Al Mulla Exchange.
“Our partnership with HomeSend enables us to further extend our direct account-to-account cross-border payments service by offering registered customers reach to bank accounts in key new markets and in a secure and seamless manner.”
“As the world has become more globalized, the need for fast, secure and flexible international funds transfer solutions has never been greater. We are delighted to be able to offer Al Mulla Exchange — through the Homesend JV — the ability to meet their customers’ needs for direct reach to bank accounts and other payout channels in desired countries across the globe,” said Khalid Elgibali, Division President, Middle East and North Africa, Mastercard.
HomeSend’s CEO Stephen Doyle said “The Al Mulla Group are in good company, as more and more financial institutions are turning to HomeSend seeking a better alternative to modernize their cross-border services so they can provide an improved experience to their customers.”