ABU DHABI, UAE, July 30, 2011 /PRNewswire/ --
Xpress Money has earned the trust of millions who wish to send money across the world. In just over a decade, Xpress Money has expanded its operations to 95 countries in 5 continents with
85,000 agent locations and counting.
With more than 140,000 Thai nationals living abroad, Thailand has received more than $1.8bn as remittances in 2010. To cater to this thriving market, Xpress Money has 2 major agents in Thailand - Government Savings Bank and Krung Thai Bank, which together have a spread of over 1000 locations across the country.
Sudhesh Giriyan, Vice President of Xpress Money said, "The remittance industry has become an essential component of the economies of developing countries. With the flow of money from developed to developing countries gaining momentum, its impetus on development and growth is tremendous. And in that respect this industry has proved to be very powerful. With Thailand nationals becoming such a large workforce globally, Xpress Money is making every effort to make our services easily available and affordable, thereby increase our presence."
World Bank figures claim that in 2010, $325bn dollars were sent to developing countries with the figure said to go up to $404bn in 2013.
Mr. Giriyan finished with, "At this juncture, the emphasis is to build a safe and reliable instant money transfer service that the people can come to depend on and trust implicitly with their hard-earned money. This is something that we have a clear focus on and it is our constant endeavour to maintain the clean record we are known for in our operations, across the globe."
About Government Savings Bank
With its marked dedication to serving as a stable institution for saving and development of the society and the economy, especially the grassroots economy, the Bank has earned several prestigious
SOE Awards including Outstanding Services (The People Bank) presented by State Enterprise Policy Office, Ministry of Finance in 2009. GSB is also actively involved in CSR activities, to build a strong
foundation for Thai society, by rendering educational opportunities and supports to the youth,
both financially and non-financially, care for the environment through planting of trees, support towards building check dams etc
About Krung Thai Bank
With modern technology and comprehensive services, Krung Thai the 'Convenience Bank' provides everything a customer needs at one stop, for maximum customer convenience. It also increases new products, develops the existing ones to match the ever-changing demands of customers allowing people with more choices. The bank never fails to beef up its technology infrastructure to prepare for the future.
About Xpress Money
Xpress Money is a UK-based instant money transfer brand with a thriving presence in 95 countries across 5 continents with 85,000 agent locations worldwide. Xpress Money is an FSA-licensed brand that has come to be known as the fastest growing instant money transfer brand worldwide.
Xpress Money provides its customers an instant, safe & affordable way to transfer money worldwide. For more information, visit http://www.xpressmoney.com
Lahcen Aterta - Manager - Media Relations,
XPRESS MONEY services Ltd, P.O. Box 170, Abu Dhabi, UAE
Vision Downtown, Mezzanine Floor, Old Souk, Hamdan Street
Tel: +971-2-4945480 | Fax: +971-2-6323893
SOURCE Xpress Money