In honor of the festive month of Ramadan, Xpress Money, a company that facilitates cash transfers overseas, will be lowering their service fee to the flat amount of 1.70 Omani Rial ($4.40) for transfers of any denomination made to India during the Holy month.
Xpress Money is one of the world’s fastest growing cash transfer service companies, and this new flat fee is considered to be the most competitive among the other remittance service providers in Oman.
"The Holy Month of Ramadan is very special to us and we are happy to launch this special promotion which will be of great value to our customers. This initiative falls in line with our commitment to provide affordable and easily accessible money transfer services" said Mr. Sudhesh Giriyan, the chief of Xpress Money.
"India is a critical market for us. Apart from being one of the fastest-growing economies in the world, it is also the largest 'receive' market globally, with inward remittances upwards of USD 64 billion in 2011. Since it is such a high volume market, we are tapping into the efficiencies of scale that our extensive networks in Oman and India can generate and passing on the savings to our customers" Giriyan added.