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 15207 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
Grand Mall Opens the 52nd Outlet in Al Musallah - Sharjah [12682-Views]
LOOTAH Perfumes launches four new springtime fragrances for Him and Her [10333-Views]
Meet the FOREO family as they share their top tips for radiant skin during the holy month [9852-Views]
Amani Glam Collection [8534-Views]
LOOTAH Perfumes launches fragrant oud ‘Ambwood' [8436-Views]
Three Trends to Try with Palladio Beauty [8290-Views]
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga [8204-Views]
Lip Stick to my Heart - GOSH New Collections [7649-Views]
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series [7302-Views]
Carrera UAE Exhibition [6893-Views]
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show [6673-Views]
bebe Launches First Ever Ramadan Capsule Collection [6606-Views]
New Master Maserati Driving Courses for 2018 [6545-Views]
Toyota Rush makes a new beginning in the UAE [6515-Views]
Care for your baby's sensitive skin with Corine de Farme [6307-Views]
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan [6161-Views]
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan [5966-Views]
Enhance your natural beauty while staying active with The Body Shop's Sportify Make-up Lin... [5893-Views]
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched [5880-Views]
Global Light and Power Celebrates 10 Years with the Opening of their New Showroom in Dubai [5838-Views]
Ramadan-Inspired Sandro SS18 Pieces [5783-Views]
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece [5777-Views]
Dubai Holy Quran Radio launches new special programmes for Ramadan [5630-Views]
Beautiful Kaftans for Ramadan from GUESS [5490-Views]
Celebrate a Traditional Ramadan at the First Swissôtel in Dubai [5484-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories