Standard Chartered Bank ties deal with UAE Exchange to expand payment network

Standard Chartered Bank is now offering the convenience to make Standard Chartered Credit Card bill payments at any UAE Exchange branches in Bahrain.

09 February 2010, Manama, Bahrain Standard Chartered Bank in partnership with UAE Exchange is to expand its payment network to 5 payment locations. Standard Chartered Credit Cardholders has the convenience of making cash payments of their credit card bills of up to a maximum of BD 2,000 at any of the five UAE Exchange branches in the Kingdom of Bahrain.

UAE Exchange has a network of 5 branches in Bahrain and is recognized in the Bahrain remittance industry since its establishment in 2007. UAE Exchange has branches at LuLu Hypermarket - Riffa, Muharraq, Gudaibiya and in Sh. Hamad Road and Manama.

Commenting on the partnership,

B.Chandrasekhar, Regional Head of Consumer Banking Northern Gulf Levant and Oman, Standard Chartered Bank said, "The expanded payment option service at the UAE Exchange branches is designed to provide a convenient banking experience. Standard Chartered cardholders can now enjoy additional complimentary payment services at the 5 branches of UAE Exchange in addition to the bank's counters and its online banking channel, `Online Banking'. Partnering with an established and trusted exchange house, such as UAE Exchange, underscores our commitment to providing convenient, safe and secure payment options to our customers."

Santhosh Nair, Country Head, UAE Exchange, Bahrain said, "We are proud to associate with Standard Chartered Bank to offer our services to the Bank's cardholders. Our partnership with Standard Chartered Bank will provide our customers with yet another convenient service that will enable them to pay their credit card bills quickly and with confidence. We hope cardholders will take advantage of this bill payment facility as well as enjoy world-class money remittance services offered by UAE Exchange".

Standard Chartered Bank, the first bank in Bahrain, has been in the Kingdom for 90 years since 1920 and has a network of 5 branches. Cardholders can call 17 531 532 or visit the nearest UAE Exchange branch for more information.

For further information, please contact:

Nimmi Kamal
Head Corporate Affairs Bahrain, Standard Chartered Bank
Tel: +973 3977 076
E-mail: Nimmi.Kamal@sc.com

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.

Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries. The bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, with balanced income derived from both Wholesale and Consumer Banking.

The group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. For more information, please visit: www.standardchartered.com

About UAE Exchange

UAE Exchange, established in 1980, is one of the leading remittance and exchange house in the globe, with a fast growing international presence which as of date spans 22 countries with over 463 direct offices. The company is headquartered in Abu Dhabi, UAE, and is a member of the NMC Group, one of the leading business conglomerates of the region with multifarious activities spread across the world.

UAE Exchange has been a pioneer in setting new standards in the global remittance industry with diversified offerings, customer service excellence and the employment of emergent technologies, resulting in unmatched market presence. Its portfolio includes global bank transfers, foreign exchange, instant money transfers and various allied services.