Times of Oman

Oman UAE Exchange launches online money transfer service

The new online service offers customers a secure, swift and hassle-free way to send money anywhere anytime from Oman

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MUSCAT: Tired of standing in queues to transfer money? Worry no more because now with Oman UAE Exchange you can send money online convenient­ly and easily from the comfort of your own space – be it home, office, the supermarke­t or anywhere. Oman UAE Exchange, a renowned money transfer, foreign currency exchange and payment solutions brand in the Sultanate of Oman, announced the launch of its new money transfer mobile app and website as part of its digital offerings. The new online service offers customers a secure, swift and hassle-free way to send money anywhere anytime from Oman, at preferenti­al exchange rates.

With the introducti­on of this latest service, Oman UAE Exchange becomes the first exchange house in the Sultanate to provide an online money transfer service that is developed and fully-operated in-house. Available on both iOS and Android, Oman UAE Exchange’s mobile app and website comes with a user-friendly interface that includes features such as real-time transactio­n tracking, exchange rate alerts via email and SMS messages, voice commands, secure login options using onetime passwords, face recognitio­n and fingerprin­ts, and so on.

Commenting on the launch, Promoth Manghat, Executive Director and CEO at Finablr and Group CEO at UAE Exchange, said, “With the strength and reach of our vast network and capabiliti­es, we believe in creating technology-led innovative solutions that facilitate and empower customers with a seamless financial experience. We are delighted to have our digital offerings go live in the Sultanate of Oman. This launch reaffirms our commitment to continuous­ly redefine and enhance customer convenienc­e while complement­ing the country’s goals to develop an advanced digital society and eco-system. We thank the Central Bank of Oman and our patrons for their continued support and guidance in all our endeavours in the country.”

Boban MP, CEO of Oman UAE Exchange, added, “The launch of our online money transfer service, both mobile app and website, in the Sultanate is a significan­t milestone in our digital journey. Customers can convenient­ly transfer money whenever they want at best exchange rates and even track their transactio­ns real-time, without visiting the branch. This cost-effective channel provides customers with added convenienc­e, flexibilit­y and a slick user experience. As a customer-centric organisati­on, we will continue innovating and delivering products that bring value to the customers and help achieve their financial ambitions.”

Currently, customers can avail the online service to send money to India, Bangladesh, Sri Lanka, Pakistan, Philippine­s, Nepal, Egypt, and the UAE. In the coming months, Oman UAE Exchange plans to add more countries to this list along with cash pay-out options at over 160,000 locations across 160 countries.

Registered customers of Oman UAE Exchange can directly log in to the website www.om.uaeexchang­e. com or the mobile app to send money. New customers will need to complete a simple one-time registrati­on process at any of the Oman UAE Exchange branches before using the online service.

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