M/s UAE Exchange and Financial Services Ltd.
We have entered into a strategic tie-up with UAE Exchage & Financial Services Ltd for facilitating Global Money Transfer Service, Xpress Money. UAE Exchange & Financial Services Ltd is the principle agent for UAE Exchange Centre LLC, Abu Dhabi, for facilitating Xpress Money Service in India.
Xpress Money is available to our account holders & non-account holders, under the MTS Scheme by RBI. It facilitates instant payment of Foreign Inward Remittance in cash (for amount less than Rs. 50,000/-) to individual beneficiaries in India within minutes. The service is a boon to NRIs & their families in India as well as foreign tourists visiting India & foreign students studying in India. It is a hassle free instantaneous payment to beneficiary against photo identification.
Xpress Money, one of the fastest growing Global brands in instant money transfers, has an agent network spanning over 45,000 locations in 92 countries across five continents. This extensive network, together with unique & unrivalled services helps receive money in India from almost anywhere in the world, within minutes. Swiftness, security & convenience make it one of the favourite brands for instant money transfers. Unique features include payment confirmation to the sender through SMS on payment collection by the beneficiary, which helps avoid costly follow-ups.
Xpress Money in India operates within the purview of RBI guidelines & within the following framework.
1. Only personal remittance such as remittance towards family maintenance & remittances favouring foreign tourists visiting India are permissible.
2. Maximum permissible limit per transaction for Xpress Money is Rs. 50,000/-, per beneficiary
3. Only 12 Transactions per beneficiary are permitted in a calendar year
4. Extensive payout locations across India
5. Receiver (Beneficiary) pays no fee
6. No bank account required
7. Receive money in cash