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Kochi, Aug. 11

UAE Exchange has announced its sub agency alliance with Dhanalakhsmi Bank for offering MoneyGram international remittance service at the branches of the bank on a pan India basis.

The bank officially announced the launch of the service at a function held here on Monday. Mr P.S. Prasad, MD and CEO of Dhanalakhsmi Bank, Mr George Antony, Country Head of UAE Exchange - India, and Mr Yaheth Killekar, Business Development Manager, MoneyGram International Inc, were present.

Mr Prasad said that as of now, 123 branches across the country had been brought under the purview of the scheme. The bank is constantly trying to find ways to develop products and services that would make the customers' banking experience simpler, convenient and efficient. Mr George Antony said the positive features on MoneyGram included its easy access, reliability, convenience and speed. Anyone can walk into the branches of UAE Exchange and Dhanalakshmi Bank with a valid transaction reference number along with the required documents and complete a form to receive cash within minutes.

MoneyGram International Inc offers a fast, safe and easy way to send and receive money worldwide in 10 minutes, subject to agent availability, hours of operation and local regulations. To receive cash via MoneyGram, customers do not need a bank account.

(This article was published in the Business Line print edition dated August 12, 2006)
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