Wall Street Exchange, a member of Emirates Post Group and a leading provider of comprehensive money exchange and remittance services in the UAE, has opened its new branch in Sharjah City Centre in line with its strategy to expand market presence and grow customer base.
The new branch is conveniently located in the centre of Sharjah, and will cater to residents who send remittances to their home countries regularly.
Sultan Al Mahmoud, Acting Managing Director at Wall Street Exchange, said: “The UAE is home to over 10 million individuals. Rise in employment and business opportunities in the UAE is further increasing this number as well as the amount of remittances. In line with our vision of ensuring happiness for all, we at Wall Street Exchange are committed to providing reliable, efficient and speedy money exchange services to UAE’s residents.”
“This is our fourth branch in Sharjah. And the opening of a new branch at the Sharjah City Centre helps us cater to this growing segment of remitters as well as boost Wall Street Exchange’s market presence,” he added.
The new branch at Sharjah will also offer currency and money exchange services for both individuals and companies, salary payout facility, credit card payments as well as other extensive line of payment services for Dubai traffic fines, National Bonds, Air Arabia, Etisalat, Du, Ding, SEWA and many more.
The expansion is in response to the increasing demand for money exchange services triggered by the continuous rise in remittances from the UAE. According to the 2016 World Bank migration and remittances fact book, the UAE is the world’s fourth top remittance sender.
Wall Street Exchange, the region’s premier money exchange house for 35 years, is one of the first companies to provide comprehensive money exchange services in the UAE.
This year, Wall Street Exchange has pioneered the first-ever exchange centre prepaid gift card from Master Card in UAE dirham, making gifting and corporate transactions a lot more convenient and seamless experience. It has also launched a reloadable multi-currency Visa prepaid card enabling customers to lock in a favourable currency rate before travel, thereby saving them from being affected by any currency fluctuations.
