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Dubai / Emirates Business
With the Indian government’s decision to relax daily account withdrawal limits, Indian expats in UAE can now send money to India through Xpress Money without any worry.
With the availability of cash returning to normal, recipients can instantly collect the full amount in cash across the 55,000 outlets of Xpress Money in India.
Remittance recipients across India are now benefitting from full cash payments through Xpress Money as opposed to the bank transfers and cheques that were being used during the initial period of demonetisation.
“We are aware that the recent demonetisation in India posed some inconvenience for people in the country, and for some of our customers too. The decision to impose daily limits on cash withdrawals from bank accounts meant that not enough cash was available for payout to our customers . The situation then was entirely beyond our control, however, we are now on top of the situation and are delighted to hand over full cash payments to our customers receiving money through Xpress Money across all our agent locations in India,†said Sudhesh Giriyan, COO, Xpress Money.