GCC Exchange

GCC Exchange

Company type	Simple Partnership Company
Industry	Financial services
Founded	2005 (2005)
Founder	Rajesh Himmatlal and Shaikh Mohammad Ibrahim Abdulaziz Al Mualla
Headquarters	Dubai , United Arab Emirates
Products	Remittance Money transfer Foreign exchange Bill payment Online Money Transfer
Number of employees	500+ (2022)
Website	gccexchange.com

GCC Exchange is a global money transfer and foreign exchange company that has an extensive presence in Europe, Africa, Oceania and Asia. Its headquarters are based in the UAE.

History

In 2005, the organization was founded by Rajesh Himmatlal and Shaikh Mohammad Ibrahim Abdulaziz Al Mualla. In December 2006, GCC Exchange expanded its operations to include the work of remittance in its business sphere. ^[1] It expanded its services to Telex Transfers, the Real Time Account Transfer Facility with IMPS, Demand Drafts and Cash Home Delivery Services under remittance services. In the same month, the organization established its subsidiary in the United Kingdom and named it as GCC UK Exchange Ltd.

From 2007 to 2017, the company expanded its services from the GCC region to all over the globe, especially in Europe, Africa and Asia to become a leading money exchange company in the world. ^[2] In 2017, GCC Exchange was awarded the Financial Award Winner for the year and established its branch in Singapore.

Awards

• GCC Exchange received the Fastest-Growing Remittance Award in 2017 in the UAE at the 5th Annual International Finance Awards Ceremony. ^[3]
• It also received the Best Exchange House Award in Dubai at 2018. ^[4]
• GCC Exchange is also connected to all major banks of the world through Swift Accounting. ^[5]
• It remits money to India many banks like Karur Vysya Bank connected to GCC Exchange. ^[6]
• The company is tied up with Wynyard Group for anti-money-laundering systems in USE. ^[7]

Subsidiaries

• GCC UK ^[8]
• GCC Singapore
• GCC Remit
• GCC Exchange Private Ltd (Hong Kong)
• GCC Exchange (Seychelles) (PTY) Limited
• GCC Exchange (S) PTE Ltd
• GCC Exchange (FIJI) Private Limited

References

1. "GCC Remit - Instant Money Transfer Services | Send & Receive Money". www.gccremit.com. Retrieved 2018-10-23.
2. Pinto, Luiz (2018-02-19). "Sustaining the GCC currency pegs: The need for collaboration". Brookings. Retrieved 2023-06-16.
3. "GCC Exchange Wins Award for Fastest Growing Remittance Service Provider in the UAE". Al Bawaba. 2018-01-21. Retrieved 2018-10-10.
4. "Dubai: GCC Exchange earns 'Best Exchange House On Social Media'" . Retrieved 2018-10-25.
5. "Transfer money to the Philippines at pocket-friendly prices - The Filipino Times". filipinotimes.net. 18 September 2018. Retrieved 2018-10-10.
6. "KVB ties up with Lulu International, GCC Exchange". The Hindu. 2013-05-08. ISSN   0971-751X . Retrieved 2018-10-12.
7. "GCC Exchange signs Anti-Money Laundering SaaS Contract with Wynyard". TahawulTech.com. 2014-01-08. Archived from the original on 2018-10-22. Retrieved 2018-10-22.
8. "GCC EXCHANGE UK LIMITED - Overview (free company information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2018-10-22.