Remitting to Philippines with trust
LuLu International Exchange is one of the most trusted remittance houses for Filipinos in the UAE due to its customercentric approach and value-laden services
The PhiliPPines today has one of the fastest growth rates among major economies in East Asia after China and India. In 2014, the country notched a growth of more than 6 per cent, and according to the country’s central banks, it is expected to reach anywhere between 7 per cent to 8 per cent in 2015.
Remittances are an integral part of this growth, and make up about 10 per cent of the country’s GDP. Remittances have been growing at about 7 per cent annually since 2009. According to the World Bank, total remittances in 2014 reached $583 billion out of which the Philippines received $28 billion, thus maintaining its position as a leading remittance receiving country after India and China.
The GCC is also an important part of this remittance flow with nearly three million overseas Filipino workers (OFWs) residing in the region. The UAE has close to 700,000 OFWs working in various sectors including hospitals, shops, retail, household and others. These OFWs in the UAE send nearly 10 per cent of the $28 billion remitted back home, according to figures from the World Bank.
LuLu International Exchange, on its part, acts as the channel between Filipinos here and back home, and is one of the most trusted and preferred remittance partners for the community in the UAE. With easily accessible and widely networked branches across the country, OFWs have a range of options to choose from.
LuLu International Exchange has tie-ups with many leading banks and money remittance service providers in the Philippines such as the Philippine National Bank, Banco De Oro, Land Bank of the Philippines, Rizal Commercial Banking Corporation, Metro Bank, Xpress Money, Transfast, Western Union, etc. in order to provide smoother, faster, and more reliable modes of transaction.
With 30 branches spread across the UAE, LuLu International Exchange has teams of dedicated Filipino staff to cater to its customers. Besides remittances, customers can exchange foreign currency at competitive rates and can avail other value-added services like the purchase of national bonds and mobile top-up for their home country, among others.
According to Adeeb Ahamed, CEO of LuLu International Exchange, “It is the company’s ongoing commitment to enhance the customer experience by identifying customer requirements. The company’s corporate slogan, ‘Valuing Your Trust’ is the reflection of the company itself.
LuLu International Exchange has been successful in tirelessly delivering the best of service excellence to its customers earning their complete satisfaction and trust in the bargain.”
As a socially responsibl eorganisation, LuLu International Exchange ensures fair business practices alongside rigorous compliance to global antimoney laundering protocols in the best interest of its regulators and customers. The exchange house is well known for its strong customer focus as well as its value-laden services. It strives to provide safe, reliable and quick options for its customers to send money to their loved ones beyond borders.
Today on the occasion of the 117th anniversary of Philippines’ independence, LuLu International Exchange would like to take this opportunity to congratulate the people of Philippines and wish them