Bridging trust across nations

 

 Bridging trust across nations
LuLu Exchange

At the forefront of technological innovation in financial services

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Published: Fri 11 Jan 2019, 5:18 PM

India is today one of the world's fastest growing economies. Over the past seven decades, India has shown its prowess in various fields, and Indians around the world can take pride in the giant leaps the country has taken. India's growth rate is expected to rise from 6.7 per cent in 2017 to 7.3 per cent in 2018 and 7.5 per cent in 2019, according to the IMF's latest World Economic Outlook update.

NRIs today are some of the biggest investors in India, and remittances are an integral part of this growth story. India continues to be the world's top recipient of inward remittances, with nearly $80 billion coming into the country in 2018 - an increase of more than 15 per cent from the previous year, according to the latest World Bank report. Furthermore, the UAE is India's third largest trading partner, valued at around $60 billion, after China and US.

LuLu Exchange, an ISO 9001: 2015 certified organisation, with easily accessible and widely networked branches across the region, has been the go-to financial services outlet for Indians and other expats.
With products like the LuLu Money app, which allows super quick and easy money transfers to your loved ones, LuLu Exchange remains at the forefront of technological innovation in this sector. The LuLu Money app has various features including instant online transactions, payment tracking in real time, rate alert setting and payment history, among others.

Besides remittances, customers can exchange foreign currency at competitive rates and avail other value-added services like credit card payments and mobile top-up for their home country, among others. The organisation also offers its customers the Gold Card, which allows them to obtain a host of benefits at LuLu Exchange bureaus, and discounts at various other shopping and hospitality partners.

LuLu Exchange currently has more than 180 branches spread across the UAE, Oman, Kuwait, Qatar, Bahrain, India, Seychelles, Hong Kong and Philippines.


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