Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Xpress Money sees 12% rise in remittances in the first two weeks of Ramadan
 
Xpress Money sees 12% rise in remittances in the first two weeks of Ramadan
  • Season of generosity translates to more remittances to friends and family back home 

Dubai, June 24, 2017:  Xpress Money, one of the world’s most dependable money transfer brands has recorded a 12% increase in remittances in the first two weeks of Ramadan as compared to the same period last year (first 2 weeks of Ramadan last year). The increase is reflected in outward remittances to South Asia, the Levant and other parts of the MENA region. 

“Ramadan is the month of giving, and we traditionally witness that remittances back home to friends and loved ones increase during the month. This year, we have registered a 12% increase in remittances in the first two weeks of the holy month, and this figure may change once we tabulate data for the entire month after Eid-al-Fitr. The increased remittances are a sign of generosity, and also help families back home prepare for Eid festivities,” said Xpress Money’s COO, Sudhesh Giriyan. 

The increased remittances are part of a broader shift in spending, consumption and behavioural habits during the holy month. Last year, a comprehensive GCC-wide survey by Xpress Money showed that 44% of UAE expatriates transferred more money to their loved ones during the month, while 69% spent more on charitable acts. 43% of respondents also said that they spend more time socialising with friends and family during Ramadan.


Posted by : Dubai PR Network Editorial Team
Viewed 13615 times
PR Category : Banking & Investments
Posted on : Saturday, June 24, 2017  4:25:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Cisco and NetApp Advance Digital Transformation with Softwar...
Next Story : Ministry of Interior awards ‘Community Service' medal to SAA...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Michael Kors Presents Spring 2018 Jewelry [30110-Views]
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6 countries... [18202-Views]
Max Fashion #ForgetFilters Campaign Celebrates Living for the Moment [17971-Views]
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part of ‘Arabic ... [17617-Views]
Transform Your Lips With Glitter Flip Liquid Lipsticks from Ciaté London [16988-Views]
Sports Bras Banishing Bounce by 83% arrive in store [16751-Views]
LG Exploring New Commercial Opportunities With Expanding Robot Portfolio [16641-Views]
New Year, New Skin with the Labo Transdermic Anti-Aging Range [15958-Views]
LG's 2018 Speaker Lineup Wows With Premium Sound, Ease of Use and Now Smart Capabilities [14488-Views]
We Sheet You Not! Foreo Announces End of Face Mask Epidemic [13841-Views]
Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare [12676-Views]
Experience the ultimate beauty extravaganza as MyBeautyFest kicks off with the industry's ... [11572-Views]
Golden Bridge Rectangle Diamonds designed to dazzle [11279-Views]
Qabala joins Air Arabia's Azerbaijan network [11218-Views]
Michael Kors Presents Spring 2018 Watches [9223-Views]
Bubble Clown by Matt Barnes [8638-Views]
DS Podium Chronograph Lap Timer – Racing Edition [8540-Views]
Land Rover's 70th Anniversary Begins With Restoration of ‘Missing' Original 4x4 [7729-Views]
Coach presents the Grand Stainless Steel Bracelet Watch Collection [7656-Views]
OMEGA and Pyeongchang 2018 [7570-Views]
Celebrate love with Rado [7344-Views]
Corum Bubble Art For Those Who Appreciate A Work Of Art [7271-Views]
Shimmering Gilda takes on a silvery sheen [7119-Views]
New Year, New Skincare! [6936-Views]
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection [6856-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories