LuLu Exchange: Carving a digital tomorrow

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LuLu Exchange: Carving a digital tomorrow
LuLu Exchange remains at the forefront of technological innovation.

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

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Published: Thu 30 May 2019, 10:45 AM

Last updated: Thu 30 May 2019, 12:48 PM

The world of financial services is undergoing a revolution with innovations strengthening its presence globally and, particularly, in the UAE.
Emerging technologies are driving change in the financial services industry that have given rise to a host of new products which are poised to change the way consumers handle money.
The convenience of digitalisation will enable us to move slowly away from the physical need for cash. Technology, in the form of digital systems, will have the ability to rewrite economic development. It will enable financial access which will attract global market players that will result in increased businesses.
The growth story of UAE has also enhanced the flow of money in and out of the region. Services like currency conversion, transfer of fund between banks accounts, remittances, personal or business loans, financing, and future savings, have all vastly increased over the past few years with technological advancements assisting them.
In relation to the increased need for financial services, companies in the region have evolved likewise.
LuLu Exchange, an ISO 9001: 2015 certified organisation, with easily accessible and widely networked branches across the region along with a unique digital platform, the company is today the go-to financial services outlet for expats and locals alike.
Technology and financial services go hand in hand and will over the years help in shifting from brick and mortar establishments to a more virtual space, if not completely but at least to a sizeable portion. The evolving landscape of financial services depends on the demands of the customers and their involvement with technology.
This will not only enable the expansion of the financial services market, but also help in getting money to places where it is most required. Rise in technology and the widespread use of smartphones have also helped accelerate the movement of money. Transfers occur almost instantaneously due to these technological marvels.
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.
"LuLu Exchange has come a long way since our first branch was opened in Abu Dhabi. Today we have more than 180 branches spread across the globe. We are proud that we are on the path of a digital tomorrow with our app LuLu Money," says Adeeb Ahamed, Managing Director, LuLu Exchange.
"The GCC is one of our most important markets, and we have seen good growth in the past few years. LuLu Exchange is now an established brand, which benefits people from different communities and cultures around the world. We look forward to expanding on our digital transformation in the GCC and bring forth more services and innovations that improve efficiency and delight our customers."
Besides remittances, customers can exchange foreign currency at competitive rates and avail other value-added services like utility bill payments and mobile top-up for their home country, among others.
The organisation also offers the Gold Card, which allows customers 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 UAE, Oman, Kuwait, Qatar, Bahrain, India, Seychelles, Hong Kong and Philippines.



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