The forex operations in UAE are carried out by Muthoot Exchange, which is the forex wing of Muthoot Global UAE. Muthoot Exchange has been licensed by the Central Bank of the U.A.E to undertake transactions enabling currency exchange in the form of Bank notes, Coins and Remittance business in local and foreign currencies as well as purchase of traveler’s cheques.
Located in Naif Signal in Deira, Dubai, the Exchange commenced its operations in 2010. The Muthoot Group acts as the paying banker for a number of money exchange companies in U.A.E. Having realized the potential of money exchange in the U.A.E, the Group planned to set up its own operations in the location. At present the following services can be availed from Muthoot Exchange:
- Foreign currency business: A dedicated team of cashiers handles the sale and purchase of foreign currencies. A strategic business location and an established brand image ensure our customers of quality, convenience and reliability of our foreign currency operations.
- Remittances: Sending and receiving money from any part of the world becomes simpler with Muthoot money transfer services. Both outward and inward remittances can be carried out from Muthoot Exchange, UAE. Wire transfers and Instant Money transfer are two “quick” remittance services that we provide. Our instant money transfer solutions are carried out in association with the following names:
- Western Union Money Transfer
- Xpress Money
- Instant Cash
- Unistream
- Other services: Some of the other services that can be availed from Muthoot Exchange, UAE include:
- Ezetop: Mobile phone top up credit facility to over 25 countries.
- POS service: Withdrawal of cash against credit card.
- PAN card: Assistance for obtaining PAN cards for Indians.
- Bank A/C opening: Assistance for NRE a/c opening for Indians with major banks in India.
Please visit our ‘Muthoot Xchange’ website to know more: www.muthootexchange.com