Mawarid Exchange signs MoU with India’s YES BANK


Staff Report

Dubai – Mawarid Exchange, the leading exchange company in UAE and one of Mawarid Finance subsidiaries, has recently signed a Memorandum of Understanding with YES BANK one of the top banks in India.

The aim of this agreement is to establish a strategic partnership which shall enable Mawarid Exchange to develop effective relationships and cooperation through the wide banking network which covers all parts of India and supported with over 1000 branches and 1800 Automatic Teller Machines operated by YES BANK. This Memorandum of Understanding comes from Mawarid Exchange efforts to meet the customers’ needs and provide the best services including faster money transfers in the different states and cities of India and worldwide.

In his comment on this partnership Ahmed Ali Bin Haider, General Manager, Mawarid Exchange said “This agreement shall enhance the relation with YES BANK, being one of the fast growing banks in India. With the wide range of the unique services and products offered that contributed to the expansion of the bank’s customer base, which in turn shall positively enhance Mawarid Exchange position in the Indian market and attract more customers from the Indian community in UAE.”

He added: “The steady growth of UAE economy and the positive progress witnessed by the different sectors including travel and tourism, commerce, construction and properties sectors, offering more employment opportunities and result in increasing the number of expatriates in UAE, the thing which is expected to support the business of the money transfers sector.”