Page 117 - 7X PR REPORT JULY 2024_Neat

7/5/24, 4:02 PM 7X: As we continue to expand, our focus is on leveraging digital innovations | Post & Parcel
Abu Dhabi and Sharjah airports, along with 10 delivery centres, ensuring reliable delivery and logistics solutions.
Their capabilities enable them to deliver to even the remotest areas in the UAE. The CEP provider recently
inked several key agreements with a number of consulates, government service centres, banks and
eCommerce providers across the UAE, showcasing its ability to provide bespoke delivery and digital logistics
solutions to corporate customers. EMX also provides delivery services, both regionally and internationally to

more than 200 destinations through its expansive courier partner network and aims to augment its global reach
through new strategic alliances. Leveraging its in-house customs offices and world-class operational facilities
within airports, EMX aims to provide seamless cross-border logistics services with an aim to enhance the global
logistics landscape.

FINTX, the financial arm of 7X, houses Wall Street Exchange and Instant Cash, both providing financial services

to more than 100 destinations, with a goal of continuous expansion. Wall Street Exchange (WSE), one of the
first exchange houses in the UAE, is embarking on a strategic expansion, which includes strengthening trade
partnerships with leading financial institutions and 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“.

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