UAE Exchange & Union Bank of India Launch Real-time Account Credit Service FLASH Remit

Online, January 25, 2012 (Newswire.com) - "Indian expatriate customers to experience a revolutionary improvement in turnaround time for Account Credit!", exclaimed Dr. B.R. Shetty, MD & CEO, UAE Exchange, while announcing the news of UAE Exchange and Union Bank of India launching the real time account credit facility, Union FLASH Remit. "UAE Exchange has always walked that extra mile to bring customers, more value. We have always had like-minded partners to achieve this aim. Union Bank of India, a trusted name among millions of customers, is one such strong partner since many years. To enhance the satisfaction levels of our beloved Indian customers, we bring FLASH Remit, which enables instant credit to account" added Dr. B. R. Shetty.

FLASH Remit has revolutionised the account credit scenario, where the beneficiary will receive money in their bank account within minutes, in a secured manner. The moment the amount is credited to the beneficiary's account, an SMS notification is instantly sent to the mobile phones of both the sender and the receiver, thus reducing on the follow up costs. Union FLASH Remit service with Union Bank of India is available 24 x 7, 365 days, which includes Sundays and bank holidays.

UAE Exchange, the leading global remittance and foreign exchange brand, in association with Union Bank of India, one of the leading public sector banks of India, extends this real time account credit facility to all the account holders of Union Bank of India.

Mr. M.V Nair, Chairman & Managing Director of Union Bank of India, said, "Union FLASH Remit is a testimony of our promise to the customers to offer them the best service possible. Taking remittance service to the next level, we present the innovative real time account credit facility, Union FLASH Remit, to our customers. With this product, customer satisfaction shall achieve heights never experienced before, strengthening relationship with our valued customers even more. It gives us great delight to present to you this product in association with our long time remittance partner UAE Exchange, who, like us, is known for value-based services and customer-oriented approach."

Speaking on the occasion, Mr. Y. Sudhir Kumar Shetty, COO - Global Operations,
UAE Exchange, said, "Satisfaction is to reach new heights for customers, thanks to FLASH Remit being extended to Union Bank of India. Next is the age of Instant Account Credits. With FLASH Remit we are fortifying our proposition of bringing more value to our Indian expatriates, world over."

The event was attended by senior officials of UAE Exchange and Union Bank of India along with invitees and the Media.