Xpress Money Expands its Network to Ireland and Denmark

ABU DHABI, UAE, September 2, 2011 -

The year 2011 just keeps getting better for the global instant money transfer brand, with a number of business partnerships with prestigious institutions under their belt, Xpress Money has now announced their entrance into 2 crucial markets - Ireland and Denmark, which will greatly enhance their business potential.

Around 19% of Ireland’s population constitutes of immigrants with a number roughly around 900,000, with a major concentration in Dublin and in suburbs like Clondalkin, Tallaght, & Blanchardstown. Ireland enjoys the status of being both a send and receive corridor, latest figures claims that inward remittances are at about USD 618 million and outward remittances at USD 2bn. Xpress Money hopes to leverage this market and provide it’s instant money transfer service to the top source countries that are US, Nigeria, Germany, Philippines and India.

In 2009 the inward remittance to Denmark was at USD 926 Million and has gone up to USD 952 Million in 2010. Outward remittances were significantly higher at USD 3417 Million. Xpress Money’s entry into Denmark couldn’t have been at a more opportune time, with the remittance industry picking up pace. Their first agents in the country is Quick International Money Transfer who will bring on board 40 sub agents.

Sudhesh Giriyan, Vice President, said, “Europe is an extremely dynamic market, with its large and diverse immigrant population. The expansion into Denmark and Ireland is a great start and we are now present in 8 countries in the continent and this is just the beginning. With careful analysis and study we hope to cater specifically to our customers needs we hope to make an indelible impression in the minds of our customers and make Xpress Money a household name.”

About Xpress Money

Xpress Money is a UK based instant money transfer brand with a thriving presence in more than 95 countries in 5 continents across 85,000 agent locations worldwide. Xpress Money is an FSA licensed Authorized Payment Institution (API) that has come to be known as the fastest growing instant money transfer brand worldwide. Xpress Money provides its customers an instant, safe & affordable way to transfer money worldwide. For more information, visit www.xpressmoney.com

Lahcen Aterta | Manager - Media Relations

XPRESS MONEY services Ltd | P.O. Box 170, Abu Dhabi, UAE

Vision Downtown, Mezzanine Floor, Old Souk, Hamdan Street

Tel: +971 2 4945480 | Fax: +971 2 6323893

aterta.lahcen@uaeexchange.com

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