Xpress Money records 12 percent rise in remittances

Dubai / Emirates Business

Xpress Money has recorded a 12%
increase in remittances in the first two weeks of Ramadan as compared to the same period last year. The increase is reflected in outward remittances to South Asia, the Levant and other parts of the MENA region. “Ramadan is the month of giving, and we traditionally witness that remittances back home to friends and
loved ones increase during the month,”
said Xpress Money’s COO, Sudhesh Giriyan.