Xpress Money, one of the world’s leading money transfer brands, has reached out to over 125,000 blue collar workers across the GCC providing them with focused financial literacy training over the last three months.

Xpress Money teams visited labour camp residents in UAE, Oman, Kuwait, Bahrain, Qatar and Saudi Arabia and educated them on important topics such as financial planning, savings, the importance of using legal, regulated channels for money transfer and how ‘hawala’ or ‘hundi’ can rob them of all their hard-earned money and life savings.

Xpress Money also played a crucial role in educating Indian expats about remonetisation on every step, and how their beneficiaries could receive the money sent by them without any hassle.

“Xpress Money has a proud history of community outreach, and prides itself on being a responsible member of the global financial sector. Our program was designed to promote financial security and inclusion by raising awareness among blue-collar workers – who can be at risk of falling prey to grey remittance channels and scams. Simple but important tips on how to save money are very well appreciated by the audience. We happy to have made a small but essential difference to the lives of thousands of expats residing in the GCC”, says Ashwin Gedam, vice president of global marketing, Xpress Money.

Collectively, the financial literacy training was provided to expats from India, Bangladesh, Pakistan, Nepal, Sri Lanka, Philippines, Kenya, Nigeria, Ghana, Uganda and Ethiopia. The teams visited labour camps on a weekly basis and on an average covered 35 camps a week, across these countries.  

“We want to ensure that our blue-collar customers are assured that they can remit money securely, with complete traceability and a guarantee that it will reach the intended recipients safely and on time. Through this endeavor, we also want to support the regulators and authorities of the UAE in promoting the importance of financial transparency,” said Gedam.  - TradeArabia News Service