First app to offer foreign exchange services on mobile

Author(s): City Air NewsKochi, September 23, 2015: UAE Exchange India, one of the leading financial services firm in the country has launched XPay Wallet - a mobile app. It will be the first non banking finance company to offer foreign...

First app to offer foreign exchange services on mobile
Author(s): 
Kochi, September 23, 2015: UAE Exchange India, one of the leading financial services firm in the country has launched XPay Wallet - a mobile app. It will be the first non banking finance company to offer foreign exchange services through a mobile app. Apart from this, the app will also offers services like ticket booking, loans, money transfer and prepaid mobile top-up.
 
Speaking on the occasion of the launch, V George Antony, MD, UAE Exchange India said, “UAE Exchange India is the first foreign exchange company to introduce mobile app in India, for buying forex. We, at UAE Exchange will continue to focus on innovations in technology to offer unique propositions that are simple, fast and convenient”.
 
XPay has been structured to optimize the services and help in minimizing the time-consumed in the currency exchange processes. The digital route also enables online foreign exchange booking and home delivery facilities that suit the demands of present generation.
 
Apart from this, XPay is one of the first mobile wallet offering payments solutions through quick response (QR) code.
 
Key features of the XPay are as under:
 
•         Domestic Money Transfer Services - Wallet to bank transfer, wallet to wallet transfer, merchant payments, mobile recharge, DTH recharge and wallet top-up
•         Ticket & tours - placing tour enquiry, live booking of air-ticket, flight searches, etc.
 
•         Forex - buy currency or card, live currency booking facility, Send Money Abroad, checking live rates of currencies etc.
 
•         Loan – Placing loan enquiry, EMI payment facility, status of loan with details of principle and interests
 
Date: 
Wednesday, September 23, 2015