KOCHI, India, November 21, 2016 /PRNewswire/ —
UAE Exchange India, the leading financial institution stands with the digital revolution for a cashless economy. The concept of cashless economy is now supporting the common populace to get over the financial challenges of demonetizing 500 and 1,000 rupee notes. The company is fast catching up the attention of audience by sharing the righteous notions of a better Digital India through mobile wallets and online payment modes.
Mr. V. George Antony, Managing Director, UAE Exchange India shared in his thoughts, “The concept of Cashless Economy that has been in discussion over these years is going to be a reality now. The complete transition to digital will be time consuming, but once the country rises out this present phase, it will soon become the pioneer digital nation. We extend our digital wallet support to all customers to cater their financial requirement in current financial emergency.”
Nationwide financial crisis has made the company to take apprehensive measures to spread the benefits of digital money through consistent outreach programmes and other awareness programs to mold the nation for the transition. As a strong support to Digital India, the company has introduced POS machine in all its 372 branches and revamped XPay Cash Wallet with advanced features. Anticipating the current crisis, the company has initiated the launch of mobile wallet as early as 2010.
The current financial emergency has even made a transition in local vendors to accept mobile wallet payments. If all citizens from every nook and corner of the nation adopt the digital move, India will soon emerge as a cashless economy.
About UAE Exchange & Financial Services Ltd.
UAE Exchange India is one of the pioneers of financial services renowned for its penchant quality and optimized service trends, creating a niche for itself in the industry. Connecting people and creating progress with the finest of quality is the vision of the company that has an extensive reach of 372 branches serving a population of 1.25 million people under the proficient support of 3375 employees. The company has been instrumental in providing cost-effective service in Foreign Exchange, Money Transfer, Air Ticketing & Tours, Loans, XPay Cash Wallet, Insurance and Share Trading.
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Chief Marketing Officer
UAE Exchange India
SOURCE UAE Exchange & Financial Services Ltd