UAE Exchange as part of the Corporate Social Responsibility encourages and nurtures in each employee, an inclination to make a creative contribution towards his/her community, using the best of their abilities.

Mr N. Gopi Regional Head – Hyderabad took a step ahead and actively participated in Pulse Polio Program with Rotary Club on National Immunisation day. As part of the program Mr N. Gopi, helped in administering the vaccine to small children who received them happily.

UAE Exchange Vadakkenchery Branch in association with Vasan Eye Care Hospital organized free eye check-up camp for public. A strong team led by Dr. Gayathri and her seven staffs attended to the needs of more than 150 people. The camp provided free consultation and tips on eye health to people of all ages using the latest techniques.

Staff members of the branch actively participated by way of assisting the medical team during the camp. They also distributed sweets and notices among the customers and promoted our products & services, which branch have to offer.

UAE Exchange as part of its corporate social responsibility programs, concentrating on the development of the society, which the company believes, determines the future of the nation and the world.

14 years of UAE Exchange, India

Article published in The Hindu Business Line on January 28, 2014:

At a time when foreign remittance and exchange business was almost unheard in India, UAE Exchange dared to bring it closer to the common Indian. We entered Indian markets in 1999 and remain a formidable competitor, offering best quality service to the customers. UAE Exchange has, to its credit, many ‘firsts’ in the financial services sector.Two decades ago, the process of sending money to India would take minimum one or two weeks. The delay was mainly on the part of international courier services. We thought it has to be changed.Hence we introduced sending drafts online to India and printing it here. Thus the problems of international courier delays were saved. We also introduced ‘Xpress Money’ – the online cash to cash transfers, so customers could collect cash instantly from the counter. Instant transfer of cash to a customer’s account, out of foreign remittance was made possible. Today foreign remittance is quick, hassle free, cheap and foolproof and we have grown, staying in tune with the changes.  Outward remittances are easier now, and hence, they have increased by folds. Foreign studies, jobs or travel assignments, all require outward remittances. We are the first NBFC in India to secure the AD2 license from the RBI and we directly remit money for customers who need to send money abroad instantly.The Foreign Exchange business saw mind boggling changes. Initially, there was only one player providing foreign exchange services in India and banks were shying away from it as it had complicated rules and regulations. UAE Exchange confidently stepped into the scenario. Since the concept was new to customers, we were met with suspicion, questions and unending clarifications. Parallels were often drawn with the black market which at that time was rampant and our requests for documents or explanation of guidelines evoked consternation.  As time progressed, we have educated customers regarding the importance of its reliability and legality and offered them a credible and legitimate mechanism to convert currency. We stuck to transparency, simplicity, speed and reasonable rates. Customers today, choose our services over the black market. We believe we have had a role to play in this reversal.  The travel card is another forte. It is a safe and secure option for any traveler, within or outside the country. With international travelling becoming an essential day to day affair, especially for the younger, faster generation, ‘Travel Card’ is the most preferred smart way of carrying cash. The past two decades have been exciting, yet we do not intend to rest on our laurels. On the cards is a foray into the commercial export/import remittance space, as well as the banking sector. We are assured that with a banking license in our kitty we would be a formidable force in the foreign exchange banking sector. Providing competitive rates and remarkable services in over 14 years we have created a niche in the foreign exchange business. We cater to lakhs of customers through our 334 branches across India, workforce of around 3800 people, and 5000 agents. We would call ourselves a ‘Financial Supermarket’ catering to almost all requirements of a customer, be it loan products, travel or tour services, domestic money transfer, share trading and the like. We look ahead with the vision and plan coupled with the determination to make possible cashless card/mobile based, SMS driven banking activity in forex as well as domestic payments.

UAE Exchange India has started a new branch in Khammam in Andhra Pradesh. The branch was inaugurated by Dr. Y. Prasada Rao (M.S.), Managing Director of Abhaya Hospital at 10 am on Monday, January 13, 2014, in the presence of invited guests, customers, media personnel and officials of UAE Exchange. The opening of the new branch is strategized to be part of the “financial inclusion” plan of the RBI, “banking for the unbanked”, providing localised services to the mass, yet unserviced. The people of Khammam can now avail services of UAE Exchange including Foreign Exchange, Send Money Abroad, Air Ticketing & Tours, Gold Loan, Vehicle Loan, Personal Loan, Home Loan, Domestic Money Transfer, Insurance and Share Trading from the new branch, designed at par with international standards.

While speaking to the media, Mr. R. Sudhakar, Zonal Head, UAE Exchange said, “UAE Exchange is partnering in the financial inclusion plan of the country. We are an RBI approved NBFC and AD category II, and we can act as a catalyst in the economic growth of the region with our customized financial products. The loan products of the company will give a fillip in this direction and will help in the financial inclusion of people of Khammam.”

Mr. N. Gopi, Regional Head, UAE Exchange said “Being an IATA accredited, Ministry of Tourism approved travel agent, UAE Exchange will contribute to the development of tourism sector of the region. The company can tap the tourism opportunities of Khammam and other locales in AP.”

UAE Exchange is the corporate member of ASSOCHAM, CII, FICCI, National Safety Council, ABCI, KCCI, and KMA.

The commendable quality of service rendered by UAE Exchange is endorsed by many industry awards like the PRSI Award, the Rashtriya Udyog Ratna Award, the Quality Brands India Award, the Human Capital Award, the Asia’s Best Employer Brand Award, and CMO Asia Awards for Excellence in Branding & Marketing, and Super Quality Crown Award.

The news was covered in Sakshi News.

Malappuram Branch of UAE Exchange has shifted to a new location. The new branch was inaugurated by Dr. Usman in the presence of UAE Exchange India Accounts Head Mr. Manoj M, Branch Head Mr. Vineesh Prasad and other distinguished guests and officials from UAE Exchange.

The people of Malappuram can now avail services of UAE Exchange including Foreign Exchange, Travel & Tours, Gold Loan, Xpress Loan, Share Trading from the new branch, designed at par with international standards. Thus the new branch at Malappuram, will be a ‘One Stop Corner’ for all the customer.

UAE Exchange Kundra Branch conducted a three day study tour package for the students and staff members of Gurudeva Central School, Nedumankavu Kollam.

The study tour was packed with fun filled educational and interactive activities with varied experience for the group of 127 students and 20 teachers of the school. The tour provided the group with ample opportunities to learn, to feel, to experience and to reflect.

The tour itinerary consisted sightseeing of Wayanad – Kuruva Island & Edakkal Cave and Ootty – Shooting point, Lake view & Boating and Botanical garden, some of the popular travel destinations in Kerala.

As surprise treat for the children and to keep up the energy, Kundra branch organized DJ music and camp fire, which was well enjoyed by the students and the teachers.

Through a risky affair in managing the little ones and keeping them safe through out the trip, Kundara branch was well appreciated by the school administration. With many happy moments, Kundara branch achieved the goal in letting children learn while having fun.

UAE Exchange conducted a seminar on financial services for the students of Naina Mohamed College, Rajendrapuram, Aranthangi. UAE Exchange Aranthangi Branch Head Mr. Suresh Babu and branch staff Mr. K Manikandan were the key speakers of the seminar and they talked about various financial services and its impact on the financial system of the country.

“The seminar was informative and the topics covered were part of the academic syllabus. We thank UAE Exchange for the support and initiative in organising this wonderful seminar” said Mrs Hemamalini, the Principal of the college.The other staffs of UAE Exchange, having working knowledge of financial services, explained about foreign exchange, money transfer, share trading, loans, and the importance of pan cards. The seminar had an interactive section where the participants got the opportunity to clear their doubts on financial services. The college was offered special discounted rates for all the services of UAE Exchange including pan card, passport application, and insurance.

UAE Exchange regularly conducts seminars and industry interaction programs in schools and colleges on topics such as foreign exchange, money transfer, share trading, insurance and travel and tours. The organisation also works for the betterment of the student community from lower income families. UAE Exchange has been awarded by Public Relations Society of India and India Human Capital Award for its Corporate Social Responsibility initiatives.

UAE Exchange Malappuram Branch conducted Customer Meet last Saturday. The branch staffs invited all the customers and the meet was attended by more than 65 privileged customers. The customers gathered in the branch office at the beginning of the business hours. A formal function chaired by Branch Head, Mr. Vineesh Prasad was organised in which the staff explained about the services available at the counters of the UAE Exchange branches.

The highlight of the meet was the interactive session. Customers could clear their doubts about the products and services and the questions asked were well clarified by the staffs. For the participating customers, UAE Exchange conducted an ‘On the Spot Lucky Draw Contest’ and 10 lucky customers received gifts from the company. Light refreshments were arranged for the customers as well. The customers expressed their appreciation for UAE Exchange in conducting such meets.

UAE Exchange, in association with Vasan Eye Care Hospital, conducted a free eye testing camp at UAE Exchange Nagercoil branch. The staffs of Nagercoil branch invited their customers and other people to attend the camp. People from all walks of life including those from residential areas in and around the town, shops, taxi and auto drivers, bank staffs, vehicle dealers came to the venue to get their eyes checked by the team from Vasan Eye Care hospital.

UAE Exchange, being a socially responsible citizen, regularly organizes campaigns for the cause of environment, health and education. More than 76 people from the locale utilized this opportunity. Staff from nearby UAE Exchange branches also joined and contributed their working hours to make this program a big success.

We care for the society, the people, and we try and help them in the best possible way we can. We have a deep bonding with the communities where we serve, beyond business and service, and it has helped in the growth of the company” V George Antony, Managing Director and Country Head said on the successful completion of the camp.

UAE Exchange has received awards form Public Relations Society of India and India Human Capital Award for its Corporate Social Responsibility initiatives.