Monday, July 22, 2019 10:34:08 AM      

Press Releases / Press News


Finablr, Uae Exchange & Unimoni Quotes For “The International Day Of Family Remittances”, Which Is Being Observer Today I.E. June 16Th:

Quote 1

From: Finablr
Spokesperson: Promoth Manghat, Group CEO, Finablr.
-Quote-
The impact of remittances sent by millions of migrant workers around the world is transformative. As economic lifelines, these transfers directly contribute to alleviating the poverty of receiving households and also help families hope for and work towards a brighter future.

Additionally, beyond just the direct impact, the spending spurred by remittance inflows have a ripple effect on communities, stimulating economic activity and growth. In fact, remittances are amongst the most stable source of foreign exchange, for many developing countries, ranking well above FDI and foreign aid. At the individual, community, national and global level, remittance flows represent an essential catalyst for the realisation of Sustainable Development Goals (SDGs).

On this International Day of Family Remittances, we must take a moment to celebrate the economic and social contributions of migrants, and pledge to consolidate public-private partnership efforts to maximise financial inclusion and the developmental impact of remittances.

At Final, through our category-renowned brands, we are committed to delivering innovative, secure and cost-effective cross border payments solutions that are seamless and convenient. The digital makeover of the industry presents a unique opportunity to drive greater financial inclusion, and together we must work towards enabling and empowering migrants and their families to help them make the most of their earnings.

Quote 2
From: UAE Exchange
Spokesperson: Pradeep Kumar TP, CEO, UAE Exchange
-Quote-
The hard-earned money sent by over 200 million migrants to their loved ones back home represents an indispensable economic lifeline for nearly 800 million family members around the world. Migrant remittances improve the quality of life of receiving families in countless ways especially in areas like education, healthcare, nutrition and housing among others. Besides, these remittances make vulnerable communities more resilient to economic, natural and man-made threats.

Remittances also contribute to the sustainable development of receiving communities and countries. For many Low- and Middle-Income Countries, they make up a significant portion of the GDP. Additionally, as a prominent source of external development finance, remittances help in the economic and social development of the rural and emerging regions of the world.

UAE Exchange is proud to be an instrumental player in helping migrants achieve their financial ambitions by providing them with seamless, convenient and value-added remittance solutions. On the occasion of International Day of Family Remittances, we reaffirm our commitment towards developing and bringing to market innovative technology-led and impactful services and tools that promote financial inclusion and further enhance our customers’ experience. We continue to be involved in migrant community outreach programmes and engaged in activities that educate and raise their awareness of personal finance management and the use of financial channels to maximise benefits.

Quote 3
From: UNIMONI
Spokesperson: Pradeep Kumar TP, CEO, Union
-Quote-
The hard-earned money sent by over 200 million migrants to their loved ones back home represents an indispensable economic lifeline for nearly 800 million family members around the world. Migrant remittances improve the quality of life of receiving families in countless ways especially in areas like education, healthcare, nutrition and housing among others. Besides, these remittances make vulnerable communities more resilient to economic, natural and man-made threats.
Remittances also contribute to the sustainable development of receiving communities and countries. For many Low- and Middle-Income Countries, they make up a significant portion of the GDP. Additionally, as a prominent source of external development finance, remittances help in the economic and social development of the rural and emerging regions of the world.
Union is proud to be an instrumental player in helping migrants achieve their financial ambitions by providing them with seamless, convenient and value-added remittance solutions. On the occasion of International Day of Family Remittances, we reaffirm our commitment towards developing and bringing to market innovative technology-led and impactful services and tools that promote financial inclusion and further enhance our customers’ experience. We continue to be involved in migrant community outreach programmes and engaged in activities that educate and raise their awareness of personal finance management and the use of financial channels to maximise benefits.

 

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