Mangaluru Nov 11, 2016: UAE Exchange has introduced XPay Cash Wallet App which will support every Indian to tackle financial emergency after the government’s surgical strike against black currency by demonetizing Rs 500 and Rs 1000 notes, said Regional Head of UAE Exchange Sharath Kumar.
Addressing media at the Press Club on Friday November 11 he said that the UAE Exchange was in full support of the sudden and radical change brought out by the Narendra Modi government in order to fight black money and corruption which are the biggest obstacles in nation’s development and poverty eradication. UAE Exchange India had applied for license from RBI for XPay Digital Wallet as early as 2009, he added.
He also said that UAE Exchange stands as a pioneer in digital payment with a fully functional XPay Cash Wallet.
Sharath Kumar said that XPay Cash Wallet will help in tackling financial emergency even in the days ahead. Xpay Cash Wallet is free of cost registration for customers and merchants.Payments can be made to merchants for buying goods and services while instant wallet to wallet money transfer is done free of cost.Instant money transfer can also be made to Bank account. The app can be downloaded from www.uaeexchangeindia.com
The company has been instrumental in providing cost effective service in foreign exchange, money transfer, air ticketing, and tours, loans, XPay Cash Wallet, Insurance and Cash trading, he added.
Lokesh Shetty, Uday and Anil Kumar were present.