African affairs of UAE Exchange reorganize as Unimoni

UAE Exchange, a provider of payment and bill payment solutions, has renamed its African operations as Unimoni.

The new name, which means "universal currency," represents the company's plan to strengthen its worldwide payment business.

The renamed company is expected to expand to Botswana, Kenya, Seychelles, Rwanda, Tanzania, Uganda, and Zambia, pending regulatory approval.

With plans to expand to 14 countries by 2020, Unimoni designed specifically to meet the requirements of African customers.

In addition, the brand should also invest in new technologies and partner with industry stakeholders to improve services.

Subject to regulatory approvals, Finablr, parent company of UAE Exchange, plans to encompass all financial service brands, including Unimoni, UAE Exchange, Travelex and Xpress Money under one entity.

Finablr's executive director, Promoth Manghat, 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 allocated $ 100 million of investments to support our efforts of growth and expansion in Africa over the next decade. "