Company Research Report: Xpress Money

Company Overview

Name: Xpress Money

Mission: To empower global remittances by providing competitive, fast, secure, reliable, and multichannel disbursement services.

Founded: Established in 1999 under separate ownership; now part of the Wizz Financial Group.

Key People:

Current CEO: Samir Vidhate

Background: Over 21 years in Cross-Border Payments. Previous roles include Senior Vice President at Mastercard and Managing Director at TRANSFAST.

Headquarters:

Unit 209-210, 11th Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.

Number of Employees: No information is available.

Revenue: No information is available.

Core Competence: Known for being one of the world’s leading money transfer brands, offering omnichannel distribution like Direct to Account, Mobile-Wallet Credits, and Cash Payout. It operates across 180 countries and has a comprehensive agent network capable of handling substantial transaction volumes.

Products

Remittance Services

Description: Instant money transfer services providing a seamless way to send funds globally.

Key Features:

24/7 live customer support.

Instant and worry-free transfer capabilities.

Exchange Services

Description: A global currency trading marketplace.

Key Features:

Highly competitive exchange rates.

Strong liquidity in major foreign exchange markets.

Payment Solutions

Description: Streamlined payment acceptance services for both merchants and individuals.

Key Features:

Versatile payment options with secured, multi-layered technology platform.

Microlending Solutions

Description: Financial inclusion through microfinance tools.

Key Features:

Impacts societal inclusion by offering services to the unbanked.

Unique credit scoring models.

Digital Wallet (WizzPay)

Description: A multifunctional financial management tool app.

Key Features:

Facilitates remittances and payments.

Offers a multifunctional card used as a travel, debit, or credit card.

Recent Developments

Recent Organizational Change:

New CEO Appointment: Samir Vidhate was appointed as the CEO of Xpress Money, bringing considerable expertise and leadership experience in financial networks and global expansion initiatives.

Expansion Plans:

Market Growth Strategy: Xpress Money is actively seeking to expand its reach in underserved markets, focusing on enhancing its service provision in regions where traditional financial services are limited.

No New Products or Features Released: Recently launched products and features were not detailed in the available data.

No New Partnerships Announced: There are no recent partnerships detailed in the available data.