Page 175 - 7X PR REPORT JULY 2024_Neat

7/4/24, 11:53 AM PRESSR: 7X unveils ambitious expansion plans to strengthen global network and enhance customer experience — TradingView N…
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

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