Page 165 - 7X PR REPORT JULY 2024_Neat

7/4/24, 11:52 AM 7X Unveils Ambitious Expansion Plans to Strengthen Global Network and Enhance Customer Experience | Web Release
countries. In addition, starting July 1, 2024, selected 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.

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

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