Page 134 - 7X PR REPORT JULY 2024_Neat

7/4/24, 11:35 AM 7X unveils ambitious expansion plans to strengthen global network and enhance customer experience

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

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