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UAE Exchange, one of the leading international money transfer, currency and payment solutions, announced the name change of its activities in Uganda under the name "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 offer its customers a wider range of innovative financial services. 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, Managing Director of Finablr, said: "Home to some of the fastest growing economies in the world, Africa has tremendous potential and is an essential part of our growth strategy. As a group, we will continue to invest in expanding our reach and depth of operations on the African continent.As a group, we have committed $ 100 million to investments to support our Africa's growth and expansion efforts over the next decade As Unimoni, we will facilitate harmonious and connected experiences for our customers and prepare for sustainable development and inclusive growth in various African markets. "[19659002ThroughitsleadingbrandssuchasUnimoniUAEExchangeTravelexandXpressMoneytheFinablrnetworkexpandsto45AfricanmarketsWith29agenciesinAfricaofferingmoneytransferandcurrencyexchangeservicesatanaffordablepriceUnimoniplanstosignificantlyincreaseitscommercialfootprintoverthenextfewyearsInadditionthebrandisactivelyinvestingincustomer-focusedtechnologyinnovationsandcollaboratingwithecosystempartnerstoprovideanenhancedservicepropositiontoitscustomers
Speaking of future plans to expand his operations in Africa, Allen Semboze, Unimoni, Regional Director Africa, said: "The next few years will be very eventful for Unimoni, as we continue 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 phased approach to our growth in Africa, all of these offers will be available by 2020 in all our African markets. "
The rebranding exercise follows an announcement made by a businessman and philanthropist in the UAE." Bavaguthu Raghuram Shetty, founder and chairman of the UAE trading group, said in April 2018, Dr. Shetty has launched "Finablr", a holding company which, subject to regulatory approvals, aims to consolidate under one roof its global portfolio of leading financial services brands including Unimoni, UAE Exchange, Travelex and Xpress Money.
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 the world's largest financial services brands under a network.With the technological innovation at its core, Finablr seeks to lead the financial empowerment and empowerment program through R & D efforts, commitment s from the ecosystem of the industry, 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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Image: (L-R): Allen Semboze (Regional Chief of Unimoni Africa), Hon. Edward Kiwanuka Ssekandi (Vice President of Uganda), Promoth Manghat (Executive Director of Finablr & Group CEO) and Nazeem Khan (Country Leader of Unimoni Uganda) Image: (LR): Allen Semboze (Chief Regional Council of Unimoni Africa), Hon. Edward Kiwanuka Ssekandi (Vice President of Uganda) and Promoth Manghat (Executive Director of Finablr & Group CEO)
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