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Business / Qatar Business

Trust Exchange relocates Souqe Al Dira branch to Bin Mahmoud

Published: 17 Sep 2020 - 08:22 am | Last Updated: 03 Nov 2021 - 03:47 pm
The new branch of Trust Exchange in Bin Mahmoud.

The new branch of Trust Exchange in Bin Mahmoud.

The Peninsula

Doha: Trust Exchange, a leading financial services provider in Qatar, has relocated its Souqe Al Dira branch to a more spacious and readily accessible location at Bin Mahmoud, in the premises of LuLu Hypermarket.

The new branch, which is among the company’s eight branches in the country, will provide remittances and money transfer services, as well as act as a support for customers wanting to be onboard to the company’s proprietary digital payments platform, Trust Money.

Talking on the occasion of the opening, KNS Das, AVP, Trust Exchange, said, “We are excited to open our new branch in a prominent location such as Bin Mahmoud. The opening is in sync with our commitment to serve our customers better by delivering a seamless experience at our various branches.” 

Echoing his thoughts, Narayan Pradhan, Director, Trust Exchange, said, “Qatar is an important market for us, and we hope to play our part as a forward-looking financial services provider to contribute to the country’s growth.” Das also added that the company expects to use the new branch as a springboard to Onboard new customers to the company’s fintech solution, Trust Money.

Trust Money, which was recently launched in Qatar, already boasts of a 40 percent month-on-month growth, with users including people from all walks of life. The app’s easy-to-use interface has simplified cross-border payments for thousands of people residing in Qatar, helping them to remit money instantly from the comfort of their homes.