back Back

3 UAE-based money transfer apps facilitating remittances

By Delisha Fernandes

February 28, 2024

  • Bill Payments
  • Digital Wallet
  • E-Money
Share

UAE, money transfer

The UAE stands as a vibrant hub of international commerce, attracting a diverse population of immigrants from around the globe. With this surge of individuals comes the need for efficient and secure methods of transferring money internationally, particularly for remittances – the lifeline for many supporting families and loved ones back in their home countries.

In response to this growing demand, a plethora of FinTech companies have emerged, offering innovative solutions for money transfers. Among these are mobile applications specifically tailored to facilitate remittances in the UAE. These apps provide users with convenient, cost-effective, and reliable ways to send money across borders, catering to the diverse needs of the UAE’s population.

Here are 3 money transfer apps facilitating remittances in the UAE:

e& money, a wholly owned e& brand, is a digital wallet licensed by the Central Bank of UAE. As the FinTech arm of e& life, e& money aims to revolutionize customer experience through innovative financial super app marketplace. Customers will be able to access a series of financial services, such as international money transfers, local transfers, merchant payments, bill payments, gifting, and much more, all in the same application.

Hubpay is licensed as Money Services Provider by the Abu Dhabi Global Market to carry out remittances in the UAE. Hubpay is a digital wallet that enables you to make money transfers and payments from the UAE to your family and friends around the globe. Hubpay allows you to send money to banks and agents in a number of countries around the world.

LuLu Money is designed to ensure that your money is handled with the utmost care and reaches its destination securely. LuLu Money maintains a safe record of all transactions, which you can access with ease. With LuLu Money, you can transfer money to over 170 countries easily and securely. Customers can get the most accurate and current exchange rates for their transfers with LuLu Money.

ALSO READ: Global Digital Banking Vendor & Landscape Report Q2 2023

Previous Article

February 28, 2024

Malaysia and Cambodia join hands to boost payments capabilities

Read More
Next Article

February 28, 2024

Uncapped teams up with Yapily to scale funding for businesses

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Bill Payments

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

FinTech Focus: Catch latest developments of the week

Read More

April 12, 2024

Parafin secures $125m warehouse facility from Silicon Valley Bank & Trinity Capital

Read More

April 12, 2024

TransferGo raises $10m in funding from Taiwania Capital Management

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023