Page 19 - 7X PR REPORT JULY 2024

opening new branches in the country. With the addition of its most recent branch in Abu Dhabi Mall,
the exchange house currently operates 33 branches across the UAE, offering its customers greater
convenience. Licensed by the Central Bank of UAE (CBUAE), WSE provides a wide range of
remittance services, including international money transfers, foreign exchange, trade settlements,
payroll services, wholesale currency trading, and related services, catering to the needs of both
corporates and individuals.

As the only CBUAE-licensed Money Transfer Operator (MTO), Instant Cash is rapidly gaining
recognition as one of the fastest-growing global money transfer entities in the GCC region. Instant
Cash recently earned the Retail Payment Services and Card Scheme Regulation (RPSCS) Category
2 License granted by CBUAE, demonstrating its commitment to providing competitive rates and
exceptional services. It also introduced the innovative IC API, an Open API platform designed to
streamline money transfers for customers. With a global network of more than 145 agent partners
spanning over 90 countries, Instant Cash facilitates seamless international money transfer services.

Similarly, Electronic Documents Centre (EDC), a leading integrator and solutions provider under
7X, offers seamless and flexible working models such as the innovative SaaS (Software as a Service)
model, positioning EDC as a true pioneer in the field of service and solutions outsourcing. EDC
empowers more than 90 clients across 10 countries and 11 different industries to meet their
transformation goals, utilise full capabilities and materialise their strategic vision.

Abdulla Mohammed Alashram, Group CEO of 7X said: “We are proud to demonstrate the robust
strength of 7X’s network and our strategic plans to enhance our service capabilities and extend our
reach through our subsidiaries. By adding new service centers and branches, extending operating
hours, and strengthening our regional and international partnerships, we aim to provide unparalleled
convenience to our customers. Additionally, 7X has rolled out over 700 PUDOs, with the ambitious
goal of increasing these pick-up and drop-off locations to 1000 by the end of 2024, underscoring our
commitment to customer accessibility and efficiency. Whether it's moving letters, parcels, money, or
data, we remain steadfast in our investment in enabling a vast network that extends beyond the
borders of the UAE. As we continue to expand, our focus is on leveraging digital innovations and
forming strategic partnerships to support the UAE’s vision for a highly integrated and dynamic logistics
and financial ecosystem“.

Through key partnerships and expansion strategies, 7X aims to enhance its portfolio and range of
offerings, consistently meeting the needs of a continuously rapidly moving world. Moreover, 7X plans
on launching innovative digital solutions, aligning with the national strategy to steer widespread digital
transformation within the UAE’s logistics landscape.

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