Dubai: Worldwide Cash Express, a global money transfer company, announced the opening of its new regional headquarters at the Abu Dhabi Global Market (ADGM).
The company currently has a presence in more than 57 countries globally, with a network of more than 100,000 pay-out locations through established tie-ups with more than 200 correspondent agents worldwide.
Cash Express is working towards growing its market share in leading regional and international markets including the Middle East and Africa.
According to the World Bank’s latest Migration and Development Brief, remittance inflows improved in all regions in 2017 and the top remittance recipients were India with $69 billion (Dh253.43 billion), followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20 billion). Globally, remittances are expected to grow 4.6 per cent to $642 billion in 2018.