Strengthening relationship further (L to R): Mr. Prabhat Agarwal, Corporate General Manager, Bank of Baroda; Mr. Lalit M. Asthana, Chief Executive Officer — GCC Operations, Bank of Baroda; Mr.Ranjan Dhawan, Managing Director & CEO, Bank of Baroda; Dr. B.R. Shetty, MD & CEO, UAE Exchange; Mr. Y. Sudhir Kumar Shetty, President, UAE Exchange; and Mr. Promoth Manghat, Dy. CEO, UAE Exchange

UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, has joined hands with Bank of Baroda, one of the India’s largest public sector banks, to offer FLASHremit, an instant bank transfer facility. Now customers can send money to their desired bank accounts in Bank of Baroda in India, within minutes.

Dr. B. R. Shetty, Managing Director & CEO, UAE Exchange, said, “We have always explored the possibilities of bringing the best to customers. Toward this we have joined hands with Bank of Baroda to offer FLASHremit, our instant bank account credit service. We have a long relationship with Bank of Baroda. I am sure that this special tie up will further strengthen this relationship. This service enables our customers to get the money transferred to the desired bank account within minutes. They also get a SMS notification the moment the amount is credited in the bank account.”

Speaking on the partnership, Mr. Ranjan Dhawan, Managing Director & CEO, Bank of Baroda, said, “Bank of Baroda is proud to join hands with UAE Exchange for introducing this innovative technology to transfer money to India at lightning speed. I am sure the new arrangement will further strengthen the relationship with both the entities, which share a similar passion for customer service and derive the enthusiasm from same values.”

UAE Exchange serves over 7.9 million customers and their dear ones, worldwide. Currently it has over 750 branches across 32 countries, and is the world’s largest networked remittance brand. Its strong correspondent banking relationship, with close to 150 global banks, adds to the might. More than 9000 professionals from over 40 nationalities part of team UAE Exchange, strive to achieve excellence and bring delight to customers, worldwide. This penchant for quality has won the ISO certified brand many global awards for quality & business excellence, and earned the trust of customers, partners and regulators alike.

Founded in 1908 Bank of Baroda is a top notch Public Sector Bank with a business of more than Rs.10 trillion as on 31.03.2015 and network of 5000+ branches spanning across Europe, US, Africa, Asia and Australia with presence in World’s major financial centres like New York, London, Brussels, Dubai, Hong Kong, Singapore etc. Its overseas journey started with the opening of its first branch in 1953 in Mombassa, Kenya. It has got a robust presence in United Arab Emirates with 15 plus branches / customer service centers and 30 plus ATMs. It has significant international presence with a network of 104 offices in 24 countries including 60 overseas offices, 43 branches of its 8 subsidiaries and 1 representative office in Thailand. The Bank also has Joint Venture in Zambia with 27 branches and Joint Venture in Malaysia having -1- branch at Kuala Lumpur.