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Friday, September 29, 2023

UAE residents expect more fund transfers next year

A study by Western Union shows that the UAE residents are hopeful to send more money overseas in the next 12 months.

A study by Western Union shows that the UAE residents are hopeful to send more money overseas in the next 12 months.

The study; carried out along with 1,000 UAE residents and citizens shows that 76% of consumers who send money and 75% of consumers who receive money, expect to transfer and collect even more funds over the next year.

Supporting family members outside the UAE is the primary reason, with 60% citing it as the reason for international transfers.

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