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UAE Exchange rebrands its Africa operations as Unimoni, to invest Sh10b in 10 years

(L-R) Allen Semboze, Regional Head Africa of Unimoni, and Promoth Manghat, Executive Director of Finablr

NAIROBI, Kenya, Jul 13 – UAE Exchange, a global money transfer service, has announced it is rebranding its Africa operations to Unimoni.

The announcement was made by Promoth Manghat, Executive Director and Group CEO of Finablr (UAE Exchange holding company), at an event held in Nairobi, Kenya.

Following the announcement, Unimoni will be launched across Botswana, Kenya, Rwanda, Seychelles, Tanzania, Uganda and Zambia, subject to regulatory approvals.

As part of its Africa growth strategy, Unimoni plans to be present in 14 African markets by the year 2020, and has developed a pipeline of digital payment solutions designed to cater to the specific needs of the African customers.

“As a group, we have earmarked $100 million in investments to support our growth and expansion efforts in Africa over the next decade. As Unimoni, we will facilitate seamless and connected experiences for our customers and pave the way towards sustainable development and inclusive growth of the various African markets,” said Manghat.

In addition to Unimoni, Finablr will extend its related services such as Travelex and Xpress Money across 45 African markets.

With 29 branches in Africa offering affordable money transfer and foreign exchange services, Unimoni plans to significantly increase its retail footprint over the coming years.

Additionally, the brand is also making aggressive investments in customer-focused technology innovations as well as collaborating with ecosystem partners to provide an enhanced service proposition to its customer base.

“These services will be available in four of our seven markets in Africa by the second half of 2018. We are also working on developing our digital capabilities including an online remittance platform, a white-label solution for our corporate customers and an online forex solution,” said Allen Semboze, Regional Head Africa, Unimoni.

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