JEDDAH — Xpress Money, one of the most dependable global money transfer brands, announced a free remittance drive to Palestine from the Middle East, expressing its solidarity with the people of Palestine suffering from the Gaza strife. In a statement, Xpress Money said that the free remittance drive will help members of the Palestinian diaspora spread across the region, and well wishers transfer funds to kith and kin in Palestine free of cost for a month starting from Nov. 24, 2012 till December 20, 2012. “There will be no charges or commissions at the send and receive end of the money transfer chain,” said Sudhesh Giriyan – Vice President & Business Head, Xpress Money, adding that “the gesture has been conceived in the wake of the untold sufferings faced by innocent Palestinians in the current scenario of aggression.” “As a community-focused entity, our corporate philosophy is to extend a helping hand wherever we can to ensure the social and financial security of millions of people including families and children. The free remittance drive to Palestine has been conceived in this spirit,” he said. Xpress Money has 34 agent locations in Palestine, a prominent receive market, which allows easy access for Palestinians to claim funds sent by their breadwinners abroad. Across the Middle East and North Africa, Xpress Money has an agent network of close to 6700 locations. Meanwhile, Ramallah-based Al Rafah Microfinance Bank and the Arab Palestinian Investment Bank signed recently a merger agreement and launched the new corporate identity “The National Bank” (TNB). The Palestinian Monetary Authority and the Ministry of National Economy have issued the requisite approvals for the merger to take place. — SG
