Xpress Money Expands to Denmark

Xpress Money – a money transfer service similar to Western Union – has now moved into Denmark through an arrangement with its first agents in the country, Quick International Money Transfer that brings on board 40 sub agents.
 “Europe is an extremely dynamic market, with its large and diverse immigrant population,” says Sudhesh Giriyan, Vice President of the company.
 Sudhesh Giriyan feels the entry into Denmark couldn’t have been at a more opportune time, as the remittance industry is fast picking up pace.
 Denmark’s inward remittance was in 2009 USD 926 Million and went in 2010 up to USD 952 Million. Outward remittances were significantly higher at USD 3417 Million.
 On the website, customers can select a send or receive point in any country covered by the service.
 In Thailand, the partner is the Government Saving Bank ‘Tanakarn Omsin’, in Philippines the partner is Allied Banking Corporation and in Indonesia the partner is PT Bank Central Asia Tbk but only for receiving money. in Malaysia, there is an abundance of smaller and bigger partners.
 Worldwide, Xpress Money provides its customers an instant, safe & affordable way to transfer money to more than 95 countries in 5 continents across 85,000 agent locations.

About Gregers Møller

Editor-in-Chief • ScandAsia Publishing Co., Ltd. • Bangkok, Thailand

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