Newskarnataka – Mangalore

Mangalore :A person-to-person money transfer service called ‘Domestic Money Transfer Service’ (DMTS) has neen launched by UAE Exchange here on May 29.

Sharath Shetty H, regional head of the city, addressing the press meet said that the business activities in India constitute of Xpress Money & Money Gram, Domestic Money Transfer, Foreign Exchange, Ticketing & Tours (Domestic & international), Gold, personal consumer and vehicle loan.

Insurance, share trading and other investment advisory services, The company is also IATA accredited, ministry of tourism approved and has an extensive reach of 331 branches and 30,000 sub-agent locations across the country.

Further he said,UAE Exchange, the market leaders in financial services is delighted to introduce ourselves as a public limited company licensed by RBI as an NBFC and an AD-II. Domestic money transfer highly values the social obligation of the individual and is the best and instantly accessible financial assistance in times of dire necessity. Home makers, workers, students and such aspirants are our prefered crowd, he said.

Ranjith Pakkala, Udaya Shankar Shetty, Bhuvanesh U and others were present at the press meet.