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UAE Exchange joins hands with Western Union in Morocco

  UAE Exchange joins hands with Western Union in Morocco

Business Wire

ABU DHABI, United Arab Emirates -- November 26, 2012

UAE Exchange, a leading remittance and foreign exchange brand with a presence
in five continents, has strengthened its ties with Western Union, a leader in
global payments services to extend joint operations in Morocco. UAE Exchange
is already a leading agent for Western Union in the Middle East.

Group photo (Photo: Business Wire)

Group photo (Photo: Business Wire)

Speaking on the occasion Mr. Y. Sudhir Kumar Shetty, COO – Global Operations,
UAE Exchange, said, “Our relationship with Western Union is strong and dates
back several years. We are glad to extend the experience, expertise and
convenience gained over the years to benefit our mutual customers in Morocco.
This further adds to our vision of bringing more value to the beneficiaries of
our customers. Both brands bring the best of integrity and quality to the
table, which is good for the beneficiaries of our Moroccan customers.”

Aida Diarra, Senior Vice President, North, West and Central Africa at Western
Union, added, “We are happy to be building on our long-standing relationship
with UAE Exchange and extending the benefits of our combined strengths to
consumers here in Morocco. Our focus has consistently been on increasing
access whilst maintaining service excellence and we are confident that this is
a goal we share with UAE Exchange. In the past 17 years, we have built a
network of over 6,200 Agent locations, spanning Morocco, even reaching remote
areas with mobile units through which our contribution to financial inclusion
has been unparalleled.

The aim of being the trusted neighbourhood brand has motivated UAE Exchange to
build the world’s largest network in its class with over 650 direct offices in
30 countries across five continents in a span of over three decades. During
that period, the brand has earned the trust of over 4 million customers
worldwide by offering them a wide range of financial services under one roof.
They consider UAE Exchange a true financial supermarket. This penchant to
bring the best to customers has won UAE Exchange many global awards alongside
recognition as a universally trusted money transfer provider.

As a leader in global payment services, Western Union is a firmly established
industry leader on the African continent with a unique Agent network of over
26,000 locations spanning more than 50 African markets.

The event announcing the tie up was attended by senior officials of UAE
Exchange and Western Union along with special invitees and the Media.

For more information about UAE exchange, please visit:
www.uaeexchange.comorhttp://blog.uaeexchange.com

For more information about Western Union, please visit: www.westernunion.com

*Source: ME NewsWire

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Contact:

UAE Exchange Centre LLC
Lahcen ATERTA
Manager Media Relations, +971-2-494-5480
aterta.lahcen@uaeexchange.com