Philippines delegation visits Emirates Post Group
A delegation from the Philippines visited Emirates Post Group to discuss enhanced cooperation in postal and money transfer services between the Philippines and the UAE.
Read MoreTag: Wall Street Exchange
Saudi Post and Emirates Post discuss new ventures
A high-level delegation from Saudi Post visited Emirates Post and discussed areas for increased co-operation and new business ventures.
The delegation led by Dr Mohammed Saleh Benten, Saudi Post chairman, met Emirates Post president Abdulla Al Daboo and signed an agreement to launch a new project for cargo movement by road between Saudi Arabia and the UAE.
The duo also held talks on various topics including a proposal to open a Saudi unit of electronic document centre (EDC) to handle mail fulfillment jobs and card personalisation.
They also discussed machinery and other equipment required for the implementation of the project.
The duo also discussed the marketing plan to implement new plans and increase co-operation in financial services, including money transfer and remittances through Wall Street Exchange.
Both sides expressed satisfaction over the plan for enhanced financial services. They also discussed a plan to offer the expertise of Emirates Marketing & Promotions (EMP) to Saudi Post.
Fahad Al Hosani, vice president, Emirates Post Group, Ibrahim Karam, CEO of Emirates Post, and Abdullah Al Fan, CEO of strategy & planning affairs, EPG, and CEO of EPG subsidiaries attended the meeting.
Emirates Post felicitated Dr Benten at a special function on being named ‘Best Chief Executive in the Middle East’ by the Middle East Institute for Excellence in Dubai last month
Read MoreWall Street’s mobile teams begin on-site disbursement of workers’ salaries
The service, which comes with no extra charge to the workers, is available to companies that have signed agreements with Emirates Post to have their workers’ salaries paid out through mobile teams of Wall Street Exchange.
The Wall Street teams visit designated venues, usually workers’ accommodation sites, on fixed days to disburse the salaries, using laptops and GPRS to enable workers to transfer money to their home countries through Wall Street’s large network of correspondent banks across the globe, including South Asia, for a competitive fee.
The worker can either transfer money to a beneficiary bank account or send cash within minutes using other available money transfer channels, including Instant Cash and Western Union.
Abdul Basit Al Suwaidi, CEO – UAE, Wall Street Exchange said:
“Wall Street is among the first companies to offer this value addition of salary disbursal at the doorstep of workers. We have signed agreements with several companies, involving thousands of workers. The first experience of distributing salaries through our mobile teams was completed in February with a success rate of 99.9%. The response from the companies and the workers has been overwhelming.”
Companies signing agreements with Emirates Post for enabling the salary payout of workers enjoy several benefits and advantages, including convenient locations, extended timings, timely payment and, most importantly, the facility of transferring money without going through the trouble of visiting an exchange company.
The Wall Street mobile team service is available to companies with over 500 workers.
In the case of companies with less than 500 workers, they will have to collect their salary from designated post offices.
Read MoreInstant Cash announces Postcard Millionaire pack Ramadan promotion
It is giving its customers a chance to win cash prizes in its, by offering every customer a Postcard Millionaire pack with every remittance sent outside UAE.
The ticket contained in the pack entitles the customer to win AED 100,000 every week and AED 200,000 every three months.
Mr. Khalid Hassan, CEO of Instant Cash, said: ‘Postcard Millionaire is one of the most popular promotions in the UAE. In our Ramadan promotion, we are pleased to offer our customers a chance to win fabulous cash prizes.’
The promotion comes on the heels of reduced fee to India announced by Instant Cash recently. The reduced fee represents great value addition to Instant Cash’s fast, reliable and convenient money transfer service available at over 200 exchange houses and all post offices in the UAE.
‘This promotion offers everyone a change to become a millionaire, apart from the other cash prizes. We are very happy to reward our loyal customers with a chance to win such fabulous prizes,’ added Mr. Khalid Hassan. ‘In addition, they can be assured of our fast, efficient and secure transfer service.’
Instant Cash, a division of Wall Street Exchange and subsidiary of Emirates Post, has over 14,000 locations in 45 countries worldwide from where people can send and receive money within minutes.
Read MoreWestern Union announces home festival promotion
Western Union is rewarding its customers in the UAE, Bahrain, Kuwait and Qatar, with the chance to win a valuable set of household goods during its home festival promotion.
All customers in UAE, Bahrain, Kuwait and Qatar, who transfer money through Western Union between 5 September and 19 October 2007 will automatically be entered into a draw to be held on 25 October in Dubai.
Ten winners in the UAE and five winners in each of the other participating countries will receive a household set containing an LCD TV, refrigerator, vacuum cleaner, washing machine, microwave, home theatre system, and a mobile phone.
Jean Claude Farah, Western Union Regional Vice President for Middle East, Pakistan and Afghanistan, said, ‘We have millions of hard-working customers throughout the Gulf who depend on our fast, reliable and convenient services for transferring money to their families abroad. This promotion comes from our desire to thank them for their loyalty.’
Western Union operates around the globe mainly through Agents such as banks, post offices or retailers. In the United Arab Emirates alone there are over 350 Agent locations at well-known establishments such as UAE Exchange, Emirates Post, Wall Street Exchange, Al Razouki International Exchange, Orient Exchange, Al Ghurair Exchange, Alukkas Exchange, Emirates India International Exchange, Al Ansari Exchange, National Exchange, Travelex and Habib Exchange.
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