PNB ties up with UAE Exchange

PNB ties up with UAE Exchange

New Delhi, Apr 1 (UNI) With the aim to increase NRIs remittances

to India, Punjab National Bank (PNB) said it has

signed an agreement with the UAE Exchange & Financial Services Ltd.

   The Service will be extended through web based products, Xpress

Money and Money Gram under Money Transfer Service Scheme, the Bank said.   Xpress Money is the proprietary product of the UAE Exchange

Centre, the largest exchange house in the Emirates for remitting

money to India through its 34,000 agents’ locations from more than

80 countries.

   Money Gram is a leading Global Payment System extended presently

through 1,62,000 agents’ locations from 180 countries and

territories worldwide.