Muscat: Xpress Money, one of the fastest growing global money transfer brands, recently announced a flat fee of RO1.70 for remittances of any denomination to India during Ramadan.
This is among the lowest rate of money transfer fees among remittance service providers in the Sultanate of Oman.
By combining effective management of exchange rates and an affordable transfer fee of RO1.70, Xpress Money now offers one of the lowest rates to customers in Oman who send money to India. It is also among the few remittance services to offer a flat fee for any amount sent via its network from Oman to India.
Pushpak Damania, head, Business Development for Mena Afpak, Xpress Money, said: “India is the largest remittance receiving market in the world with inward remittances upwards of $64 billion in 2011. Since it is such a high volume market, we are tapping into the efficiencies of scale that our extensive networks in Oman and India can generate and passing on the savings to our customers. The holy month of Ramadan stands for sharing with the community, so we thought why not share this initiative with our customers, at this special time. Affordable
This rate reduction highlights our commitment to make money transfer services more affordable and easily accessible to customers.” Xpress Money has built a formidable pan-India network of 36,000 agent locations through tie-ups with leading banks, non-banking financial institutions and single agent locations. It has also invested in robust technology to enable secure, reliable and convenient access to remittances for customers. To broadcast its message of lowest pricing of a flat fee of RO1.70 to India, Xpress Money will launch a 360-degree marketing campaign in Oman.
Xpress Money has pioneered new standards in money transfer services since its establishment in 1999. It offers a bouquet of services to address varied customer demands in both evolved and evolving remittance markets in ‘cash to cash’, ‘cash to bank account’, ‘cash to mobile’, and ‘online money transfer’ categories. Xpress Money constantly innovates to bring homes closer for the growing expatriate community across the world.