Redha Al-Ansari Exchange, a United Arab Emirates’ (UAE) exchange house network that provide remittance and foreign exchange (FX) services, has selected Luup’s universal mobile payment platform to enable its services to be delivered through the mobile handset. The partnership will enable Redha Al-Ansari Exchange to offer quicker, secure and more convenient services to its customers.
Luup has previously announced partnerships with several money transfer organisations in the Middle East and southeast Asia. Adding Redha Al-Ansari Exchange extends the mobile remittance infrastructure and will bring benefits to hundreds of thousands of workers in the UAE and beyond. Users, who are mostly migrant expatriate workers, will be able to send money home easily and safely and in real time. Workers are predominantly from Asia, with 60% from India and large contingents also from Bangladesh and Pakistan.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.