Moneydart Global Services in rapid expansion mode, setting new standards with

style="text-align: justify;">New Jersey, August 19, 2013: Moneydart Global Services Inc. is entering a rapid expansion and growth phase in the United States. Registered in New York and headquartered in New Jersey, the firm which commenced its US operations in 1997 is steadfastly progressing with licenses in 23 states across the country and several new openings in the near future. Moneydart Global Services Inc is a wholly owned subsidiary of UAE Exchange, the world’s trusted money transferor. UAE Exchange is a global remittance and foreign exchange brand with its direct presence in over 30 countries with over 700 branches and works with over 150 correspondent banks globally employing 9,000+ professionals.money1
Handling USD 22.5 Billion in remittances during 2012 which amounts to almost 6% of the total volume of the global remittance market, UAE Exchange is in the forefront providing diversified products and services availing state of the art technology. Linking people globally through professional and timely services, the brand ensures total satisfaction to the customers sending money to loved ones living elsewhere. For millions of customers across the world, the company’s name has become synonymous with quality.money2
In an exclusive press conference held at their corporate headquarters in Woodbridge New Jersey, the Chief Operating Officer, Global Operations Mr. Y. Sudhir Kumar Shetty, Vice President, Global Operations Mr. Promoth Manghat and the Regional Head-Americas Mr. Ajit Paul elaborated on the global expansion plans and immediate expansion plans of Moneydart Global Services Inc.
UAE Exchange targets to operate directly in 54 countries with a network of over 1,000 branches in the next 2 to 3 years. The company has sought a banking license in India and plans to launch new innovative products using mobile, kiosks & prepaid cards. Moneydart Global Services is upbeat about the company’s already popular and extremely versatile remittance portal, one of the most convenient and cost-effective solutions to transfer money online. In the United States, the portal is licensed to operate in 23 states and the company is targeting 50 licenses by 2014. Customers registered with this portal can transfer money to a bank account or do a cash pickup at any country in a fast, easy and secure manner. Along with the online remittance portal, Moneydart offers services through the branches which it plans to take it to 50 locations.money3
Moneydart has also introduced a unique instant bank transfer service under the brand “FLASHremit” to India, Pakistan, Philippines, Bangladesh, Indonesia and Sri Lanka with select banks where the customers can transfer money within minutes and the remitter/ beneficiary get a confirmation through a text alert. The company plans to launch a new product for the corporate sector in North America called Business 2 Business which would focus on the remittance needs of corporates providing wire transfers in all major currencies. This service will be leveraged on the principal SWIFT membership. The firm offers services such as money transfer in cash-to-cash, direct credit to bank account and home delivery of bank draft in certain select countries.
At the event ‘Moneydart Mobile App’ was released by Chief Operating Officer, Mr. Y. Sudhir Kumar Shetty.
Moneydart presently employs 72 people in the US and plans to increase the employee strength to 150 by end of 2016. Moneydart Global Services also stands up for various social, humanitarian and environmental causes joining hands with several Non-governmental organizations.
Photos: Gunjesh Desai, Masala Junction.
Report: Vineetha Nair

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