LuLu among Forbes list of top GCC exchange houses going digital

TDT | Manama                                                            

The Daily Tribune – www.newsofbahrain.com

In a major acknowledgement of the GCC region’s move towards digitization of financial services, Forbes Middle East yesterday unveiled its list of ‘Top 5 GCC Exchange Houses Going Digital’.

The list shines the spotlight on remittance companies in the GCC region that have been driving the digitization of their services, in line with the efforts of their respective nations.

UAE-based LuLu Exchange and Al Ansari Exchange, Kuwait-based Al Mulla Exchange, Qatar-based Alfardan Exchange, and Oman-based Purshottam Kanji Exchange are the top five companies on this list.

These companies are well-established institutions, having provided high-quality services to both retail consumers and businesses over several years.

They have been in news recently for their aggressive digital push and digital infrastructure investments. Between them, these companies serve millions of customers in GCC and have invested heavily in building state-of-the-art digital infrastructure to drive their next stage of growth.

The companies were evaluated by Forbes on the number of app downloads, a number of users and the annual volume of digitally conducted transactions.