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2018-07-19
UAE Exchange, one of the leading international money transfer, exchange and payment brands, announced the name change of its operations in Uganda as " Unimoni " (www.Unimoni.com). The announcement was made by Promoth Manghat, executive director of Finablr and CEO of the group, at an event held at the Pearl of Africa hotel in Kampala, in the presence of the vice president of the 39, Uganda Hon. Edward Kiwanuka Ssekandi, and other dignitaries, partners and guests.
Abbreviation of "Universal Money", the new brand " Unimoni " reflects the company's aspirations to strengthen its global presence and to provide financial services to its customers . As part of its growth strategy in Africa, Unimoni plans to be present in 14 African markets by 2020 and has developed a portfolio of healthy digital payment solutions designed to meet the specific needs of customers African.
Promoth Manghat, Executive Director of Finablr said: "Home to some of the fastest growing economies in the world, Africa has tremendous potential and is an essential element of our growth strategy as a group.We will continue to invest in expanding our scope and depth of operations on the African continent.As a group, we have allocated 100 million USD to investments to support our growth and expansion efforts in Africa over the next decade As Unimoni, we will facilitate seamless and connected experiences for our customers and pave the way for sustainable development and inclusive growth from various African markets. "
With leading brands such as Unimoni, UAE Exchange, Travelex and Xpress Money, the Finablr network expands to 45 markets icains. With 29 agencies in Africa offering money transfer and currency exchange services at an affordable price, Unimoni plans to significantly increase its commercial footprint over the next few years. In addition, the brand is actively investing in customer-focused technology innovations and collaborating with ecosystem partners to provide an enhanced service proposition to its customers.
Speaking of future plans to expand his operations in Africa, Allen Semboze, Regional Chief Africa, Unimoni said: "The next few years will be very eventful for us in Unimoni , while we are committed to achieving our ambitious growth strategy. We are in advanced discussions with various ecosystem partners, including mobile network operators and aggregators to develop new money transfer solutions. These services will be available in four of our seven African markets in the second half of 2018. We are also developing our digital capabilities, including an online transfer platform, a white label solution for our corporate customers, and an online forex solution. . As we take a gradual approach to our growth in Africa, all of these offerings will be in place by 2020 in all our African markets. "
The rebranding exercise follows a previous announcement made by a businessman and philanthropist, Dr. Bavaguthu Raghuram Shetty, founder and chairman of the UAE trading group. Dr. Shetty has issued " Finish ", a holding company which, subject to regulatory approvals, is seeking to consolidate its global portfolio of clbad financial services brands including Unimoni, UAE Exchange, Travelex and Xpress Money. under the same umbrella
Distributed by APO Group on behalf of Unimoni
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About Finablr
Finablr (www. Finablr.com) is a holding company that brings together under the same network the world's leading brands of financial services in their category.With the technological innovation at the base, Finablr seeks to lead the program of empowerment and innovation. 39; Autonomis Financial management through R & D efforts, industry ecosystem commitments, investments and potential acquisitions. With more than four decades of experience in the industry and over 18,000 employees, the Finablr network brands are present directly in 45 countries and serve 165 countries. Collectively, the Finablr network reaches more than a billion lives through its retail stores, agents and digital channels. For more information, visit the Finablr website: www.Finablr.com.
About Unimoni
Unimoni (formerly UAE Exchange in Africa) (www.Unimoni.com) is a global provider of money transfer, exchange and payment solutions. The brand facilitates the transparent movement of money across geographic areas, currencies and channels with a focus on providing convenience, speed and value to its customers. With multiple points of contact covering retail stores, digital channels and self-service kiosks, Unimoni offers secure and simplified financial solutions for its customers. For more information, visit the Unimoni website: www.Unimoni.com.
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