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UAE Exchange Commences its Second Branch in Canada

UAE Exchange Commences its Second Branch in Canada

Media Release
Toronto, July 14: Acclaimed as the most reputed, quality conscious and service-friendly Remittance & Foreign Exchange company UAE Exchange opened its 432nd branch globally and the second one in Canada today at Toronto. Registered in British Columbia, UAE Exchange Canada Inc. is an associate member of UAE Exchange.

UAE Exchange, is one of the leading remittance and exchange house in the globe, with a fast growing international presence which as of date spans across five continents with over 430 direct offices, more than 38,500 agent locations in 90 countries and a correspondent banking relationship with more than 150 major banks across the globe.

UAE Exchange is a pioneer in setting new standards in the industry with diversified product and service offerings, customer service excellence and emergent technologies positively influencing the lives of people through safe and comprehensive remittance solutions. UAE Exchange is a people’s brand and total customer satisfaction has been its prime focus. For the customers, the name has become synonymous with quality and is considered as the most trusted brand to send money back home to their loved ones. Linking people globally through technology-driven, professional and timely services delivered with a personal touch, it ensures that customers fetch good value for their hard-earned money.

The company is headquartered in Abu Dhabi, UAE, and is a member of the NMC Group, one of the leading business conglomerates of the region with multifarious activities spread across the world. NMC Group’s interests range from Financial Services to Trading in pharmaceuticals, Hospitals & Pharma Manufacturing, FMCG brands, Scientific, Laboratory, Education & Medical Supplies, Foodstuff, Retail Pharmacies, Gold & Diamond Jewellery, Advertising, Hospitality, Real estate, Information Technology, Engineering Projects and Services among others.

In the words of its founders – H.E. Abdulla Humaid Ali Al Mazroei and Dr. B. R. Shetty, who have been conferred Doctorate by Georgia State University, Atlanta “Ours is a Global Brand - with global products, technology, partnerships, and with the right market strategies and thought pool, we have always been the favorite choice of people - A choice with which we continue to be the leader for nearly three decades.


Y. Sudhir Kumar Shetty, COO - Global Operations, UAE Exchange said: “In 2008 amidst the Global Economic Crisis UAE Exchange has registered an astounding 45% growth in its income and 40% in its profit. Everyday, more than 6,250 UAE Exchange personnel across the globe consisting of 40 nationalities serve more than 100,000 customers striving to ensure customer delight. He added: With innovative and diversified products & services, trained human capital, efficient support systems, state-of-the-art technology introductions, and topping on customer satisfaction charts, it enlivens its vision to be the global leader in money transfers.

The Vice President – Global Operations Promoth Manghat highlighted on the immediate expansion plans of UAE Exchange. In terms of Network UAE Exchange has already identified and initiated the process for commencing operations in as many as 30 new countries in the next five years. In terms of product offerings our online money transfer portal money2anywhere is all set to be launched in the US and Canada, where we will be offering one of the most convenient and cost effective solutions of sending money online. 

Ajit Paul, Regional Head – Americas of UAE Exchange said that like all other markets where UAE Exchange operates, UAE Exchange in Canada will be a people’s brand, winning customers through our unwavering focus on reliability, product quality and service. UAE Exchange is spread across five continents of the world from N. America to the Pacific and it has been our constant endeavour to improve our service standards and our product range by bringing out new products, revising existing ones, and introducing value-added products and services which benefit our customers and strengthen the relationship we have with them.

UAE Exchange Canada Inc which commenced its operations in May 2009 currently has two Branches in Toronto, Ontario - one in Brampton and one in Rexdale. Plans are in the pipeline to open two more Branches in 2010 and aim to expand the network to twenty Branches spread all across Canada by 2012. Currently UAE Exchange Canada employs fourteen people and the employee strength will rise to hundred by end of 2012. UAE Exchange Canada carries Money Transfer and Money Exchange license offering a bouquet of services including cash-to-cash, direct credit to bank account and home delivery of bank draft in select countries. UAE Exchange is a member of SWIFT, which enables it to transfer money to any bank account in the world in any currency.

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Comment on this article

  • nisha sharma, india

    Tue, Apr 10 2012

    i am nisha sharma from india i am employ of uae exchange from india balachaur baranch.uae company service very good i am very lucky .i love my company.

    DisAgree Agree [2] Reply Report Abuse

  • nisha sharma, balachaur.india

    Thu, Dec 1 2011

    uaeexchange service was very good and KEEP GOING.

    DisAgree Agree Reply Report Abuse

  • kamleshwar uppal, jagraon

    Thu, Feb 25 2010

    Congrats Mr. bedi.Wish you all the best

    DisAgree Agree Reply Report Abuse

  • udaya kumar kayyar, M''lore/U.A.E

    Fri, Jul 24 2009

    Congrats.Kuddladar wish u all the best ...

    DisAgree Agree Reply Report Abuse


    Wed, Jul 15 2009

    its amazing............... in this global recession uae exchange performance was over whelming, with 45% growth annually. it shows how the management of this very cost efficient & a global company. hatsoff to br shetty,& sudir anna

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  • Yogish Kamath, Canada

    Tue, Jul 14 2009

    This was another proud moment for all Mangalroeans! Healrtiest congradulations!

    DisAgree Agree Reply Report Abuse

  • pradeep kirodian, abudhabi

    Tue, Jul 14 2009

    Congrats......Sudiranna............wish u all the best u r feauture planing.

    DisAgree Agree Reply Report Abuse


    Tue, Jul 14 2009

    Good news.Now we can see many mangloreans going global. UAE Exchange is very generous in employing mangloreans. Keep growing.

    DisAgree Agree [1] Reply Report Abuse

  • Saleem GH,Amchinadka, Puttur/Abu Dhabi

    Tue, Jul 14 2009

    Congrats.... Global leader......

    DisAgree Agree Reply Report Abuse

  • B. S. Chouta,

    Tue, Jul 14 2009

    Congrats.  Keep going.

    DisAgree Agree Reply Report Abuse

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