November 10, 2016
The UAE Exchange India has called upon the people of India to use their Xpay cash digital wallet for easy money transfer.
Welcoming the Centre’s decision to scrap Rs. 500 and Rs. 1000 notes, V. George Antony, Managing Director of UAE Exchange India said his firm had applied and got license from the Reserve Bank of India for Xpay Digital Wallet as early as 2009. “It will help ease the stress of people who wish to exchange currencies,” he said.
“The registration is free of cost for both customers and merchants and it allows instant wallet to wallet money transfer and instant money transfer to bank accounts free of cost,” he added.
The company had also welcomed the initiative claiming that it would help eradicate black money in the country.