Al Mulla Exchange launches direct money transfer to Visa cards

Monday, September 26, 2022

Kuwait’s leading foreign exchange and remittance company Al Mulla Exchange, a member of Al Mulla Group, today launched its cross borders money movement with Visa for its customers in Kuwait.

The agreement between Al Mulla exchange and Visa was signed by Mr Hormuzda Davar, Managing Director (Trading, Manufacturing & Financial Services) of Al Mulla group and Dr. Saeeda Jaffar, Senior Vice President and Group Country Manager for GCC at Visa. The signing ceremony was attended by Mr Praveen Singh, Director for financial service at Al Mulla group, Mr Philip Koshy, General Manager Al Mulla Exchange, Mr Ankush Devadason, Kuwait Country Manager for Visa, and Mr Ali Hinnawi, Business Development lead Visa GCC.



With this new initiative, customers of Al Mulla exchange can transfer funds conveniently, securely and reliably to any Visa debit cards in countries and territories around the world. “Al Mulla customers can send money to any Visa card holders across the world in a matter of seconds, only with the card holders name and Visa card number,” Mr Philip Koshy said. This service is available on our mobile app, website and also in our 107 branches spread across Kuwait, he added.




On her part, Ms Saeeda Jaffar of Visa GCC thanked Al Mulla exchange for this partnership and assured delightful service to all the customers in Kuwait. “We are so excited to announce this partnership with Al Mulla exchanges,” Ms Saeeda said.

Al Mulla Exchange has been ranked two times in a row among the "Top 5 Exchange Companies in the GCC Going Digital" according to recent Forbes Middle East’s rankings. Their mobile app is also ranked No. 1 remittance App in Kuwait and 3rd in the Middle East.

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