East Riffa: Lulu International Exchange, which celebrated the opening of its 4th Branch in Riffa Souq, eyes 30% of the total remittance market share once all 30 planned outlets become operational in future, according to a senior official.
“Lulu International Exchange is currently boasts 7% of the market share which can be quadrupled once all 30 planned outlets will be operational across the Kingdom of Bahrain,” Sudhesh Kumar, General Manager, Lulu International Exchange on the sidelines of the opening of the East Riffa Branch told The24X7News Bahrain (www.twentyfoursevennews.com).
“Currently Lulu Exchange is enjoying about 8% of the remittance business of total market and we will continue open our remaining branches and kiosks across Bahrain. We are anticipating total 30 outlets in the Kingdom,” he added.
“We are remained committed to Bahraini market and as part of a strategy we will reach each location to serve the expatriate population in Bahrain,” Richard M Wason, Chief Operating Officer at Lulu International Exchange, said.
“In addition to serving the expatriate population, Lulu International Exchange has a very strong B2B transfer channel principally to the UAE market,” he said, adding that the state-of-the-art platform and consumers’ trust makes Lulu International Exchange different from its peers.