Thursday, 23 September 2010

UAE Exchange announces launch of its MasterCard MoneySend service in UAE

UAE Exchange, the global remittance and foreign exchange brand based in the UAE, has recently announced the commencement of the MasterCard MoneySend service in the UAE market for outbound remittances to the Philippines.

MasterCard MoneySend is a person-to-person money transfer service that allows participating customer financial institutions to use the global network and card products of MasterCard to facilitate domestic and cross-border remittances. UAE Exchange will leverage the MasterCard MoneySend platform to offer cardholders a convenient and cost-effective way to send funds directly to the recipients' MasterCard debit or credit card in the Philippines so that they can withdraw cash from their nearest ATM; use directly for purchases at MasterCard merchant accepted locations; or pay their credit card bills back home. UAE Exchange will be offering this service in the UAE for outbound remittances to the Philippines through the extensive network of UAE Exchange which has over 85 branches across the country. Read more

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