LuLu Exchange opens three new branches in UAE

The UAE’s premier cross-border payments company LuLu Exchange on Monday opened three new branches in the country, to zip past the 250-global branch count of its parent company LuLu Financial Group.

The 250th milestone branch was inaugurated at Dubai’s Silicon Central Mall, with the other two branches opening up at Sharjah’s Al Majaz and Maaza regions.

The milestone branch was inaugurated by Dr Aman Puri, Consul-General of India, in the presence of the holding company’s managing director, Adeeb Ahamed, and other senior management.

Earlier this month, Forbes Middle East unveiled its list of ‘Top 5 GCC Exchange Houses Going Digital’.

The list shines the spotlight on remittance companies in the GCC region that have been driving digitisation of their services in line with the efforts of their respective nations.

UAE based LuLu Exchange and Al Ansari Exchange, Kuwait based Al Mulla Exchange, Qatar based Alfardan Exchange and Oman based Purshottam Kanji Exchange are the top five companies in this list.