UAE Exchange halts all new money transfers, other transactions | ZAWYA MENA Edition:
UAE Exchange, a subsidiary of London-listed Finablr which is owned by NMC Health’s B.R. Shetty, has temporarily halted processing of new transactions, including money transfers, in the country.
The operator of remittance houses confirmed that the suspension of services is due to the “operational challenges” it is facing at the moment.
“We have temporarily suspended acceptance of any new transactions at UAE Exchange branches and via our online channels,” the company said in a statement sent to Zawya on Monday.
The news comes shortly after the financial services firm received complaints about delayed fund transfers. Some customers had earlier complained that the money they remitted from UAE did not reflect on the recipients’ accounts for days.
No comments:
Post a Comment