- Al Mulla Exchange, which is based in Kuwait and which is known for being a leading provider of financial services, has confirmed that it will pair up with Nium to improve its money transfer offer.
- Nium is a leading name in the global payments and card issuance field, and the new service will be available in various countries across the globe.
- “Al Mulla Exchange customers will be able to access beneficiaries in countries all over the world and make payments in local currencies thanks to our global network of licences and banking relationships,” said a senior figure at Nium.
Nium, a provider of global payments and cards, has confirmed a new deal with a remittance firm based in Kuwait.
Nium said that it had struck up the deal with Al Mulla Exchange, which is a premier provider of financial services in the country.
The new deal will mean that Al Mulla Exchange’s customers will receive an improved international money transfer service using Nium’s tools.
Both consumer and business clients of Al Mulla Exchange will feel the benefit of the new move, which will be available in various countries across the globe.
The move will see money transfers in local currencies made available at strong foreign exchange rates.
Clients will be able to take money out at branches.
Another option will be to use the website or smartphone application.
The transfers are expected to take place instantly.
They will be made available in every major currency.
In a statement, the global head of Institutional Sales at Nium said that the company was pleased about the new arrangement with Al Mulla Exchange.
Rohit Bammi pointed out that the latter firm has more than 100 branches across Kuwait and that it takes a “customer-centric” view of its operations.
“We are happy to announce our partnership with Al Mulla Exchange today. With a network of 104 branches in Kuwait and an exceptional customer-centric approach, the company is committed to providing its customers the best services globally,” he said.
He went on to say that the new arrangement will be powered by Nium’s international network of regulatory approval and bank partnerships.
“Al Mulla Exchange customers will be able to access beneficiaries in countries all over the world and make payments in local currencies thanks to our global network of licences and banking relationships,” he said.
For the Al Mulla Exchange Company, meanwhile, a leading name there said that this customer-focused approach was not new for the firm.
Abdulla Najeeb Almulla, who is the firm’s chairman, said that top technology had always been placed front and centre.
“Al Mulla International Exchange Company has always focused on delivering consistent and seamless remittance experiences to its customers, through the use of cutting-edge technology in partnership with correspondent banks and service providers,” he said.
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