GCC Exchange is a global money transfer and foreign exchange company that has an extensive presence in

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

Oceania Oceania (, , ) is a region, geographical region that includes Australasia, Melanesia, Micronesia, and Polynesia. Spanning the Eastern Hemisphere, Eastern and Western Hemisphere, Western hemispheres, Oceania is estimated to have a land area of ...

and

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

. Its headquarters are based in the

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

History

In 2005, the organization was founded by Rajesh Himmatlal and Shaikh Mohammad Ibrahim Abdulaziz Al Mualla. In December 2006, GCC Exchange expanded its operations to include the work of remittance in its business sphere. It expanded its services to Telex Transfers, the Real Time Account Transfer Facility with IMPS, Demand Drafts and Cash Home Delivery Services under remittance services. In the same month, the organization established its subsidiary in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

and named it as GCC UK Exchange Ltd. From 2007 to 2017, the company expanded its services from the GCC region to all over the globe, especially in

and

to become a leading money exchange company in the world. As such in 2017, GCC Exchange achieved another milestone by being awarded the Financial Award Winner for the year as well as broadening its horizons by establishing its branch in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

. In 2018, GCC Exchange emerged as best exchange house on social media.

Importance

* GCC Exchange received the Fastest-Growing Remittance Award in 2017 in the UAE at the 5th Annual International Finance Awards Ceremony. * It also received the Best Exchange House Award in Dubai at 2018 * GCC Exchange is also connected to all major banks of the world through Swift Accounting. * It remits money to

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

many banks like

Karur Vysya Bank Karur Vysya Bank is a Scheduled Commercial Bank in India. It has completed 100 years of operation and is one of the leading banks in India, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krish ...

connected to GCC Exchange. * The company is tied up with Wynyard Group for anti-money-laundering systems in USE.

Subsidiaries

* GCC UK * GCC Singapore * GCC Remit * GCC Exchange Private Ltd (Hong Kong) * GCC Exchange (Seychelles) (PTY) Limited * GCC Exchange (S) PTE Ltd * GCC Exchange (FIJI) Private Limited

References

{{Reflist Financial services companies of the United Arab Emirates Financial services companies established in 2005 2005 establishments in the United Arab Emirates