Page 120 - 7X PR REPORT JULY 2024_Neat

7/5/24, 4:03 PM 7X Unveils Ambitious Expansion Plans to Strengthen Global Network and Enhance Customer Experience - Middle East Business Ne…
branches of Emirates Post have extended its operating hours until 8 PM and will also be open on
Saturdays to enhance customer convenience and align with global market demands.

EMX, the Courier, Express and Parcel (CEP) arm of 7X, offers extensive service capabilities

across the UAE, and aims to expand its reach to new origins and destinations in the coming
months, while establishing clearance and last mile capabilities in key markets. With a rapidly
expanding fleet that has reached over 600 vehicles and more than 600 couriers, EMX operates

one primary airport hub at Dubai Airport and handles shipments from 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.

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