Al Mulla Exchange Launches Cross Borders Money Transfers with Visa

  • September 29, 2022

Kuwait: September 26, 2022 – Al Mulla Exchange, a member of Al Mulla Group, and the leading foreign exchange and remittance company in Kuwait, reaffirms its leadership position in the market through a strategic business alliance with Visa. The announcement was made at a special official ceremony held recently in Kuwait in the presence of Dr. Saeeda Jaffar, Senior Vice President and Group Country Manager for GCC at Visa, and Mr. Hormuzda Davar, Managing Director -Trading, Manufacturing and Financial Services at Al Mulla Group. Through the newly signed agreement with Visa (NYSE: V), Al Mulla International Exchange Co. enhances its remittance services and offers by launching cross borders money movement with Visa for its customers in Kuwait.

Now, customers of Al Mulla Exchange can transfer funds conveniently, securely and reliably to holders of Visa cards in 34 countries and very soon this service would be available to other territories around the world. Customers can also enjoy this service through the Al Mulla Exchange mobile application, website, or by visiting any of our 107 branch locations across Kuwait. In a few easy steps customers only need to provide the recipient’s name, Visa card number, and the amount to be sent, and the transactions can be completed in near real-time.

Al Mulla Exchange has always been at the forefront in offering seamless remittance experience to its customers. The company has been ranked two times in a row among the “Top 5 Exchange Companies in the GCC Going Digital” according to recent Forbes Middle East’s rankings. Al Mulla Exchange currently offers money transfers to countries in MENA, Europe, USA, Canada, and Asia with plans to expand to more countries across the globe in the near future.

About Al Mulla International Exchange Company:  Al Mulla International Exchange Co., a member of Al Mulla Group, and the leading money exchange and remittance services company in Kuwait since its inception in 2001. The company has 107 branches in Kuwait and 63 offsite self-remittance KIOSK at different locations. In its quest to provide the best services to its customers, it always sought new ways and innovative solutions to bring unmatched benefits to its customers. It utilized new technologies to connect with remitting partners across the globe, providing exemplary services. Al Mulla Exchange was the first exchange company to offer free SMS feedback to instant credit in accounts, to launch the remittance App, and to offer dynamic pricing to customers. To get the latest news and updates about Al Mulla Exchange’s services, rates, activities, and events, customers can visit the website or follow us on Instagram, Facebook, and Twitter @almullaexchange.

About Visa:  VISA (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.

Learn more at About Visa, and @Visamiddleeast.

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