NEWS & EVENTS



Modern Exchange opens 31st Branch in Seeb.

  • Venue: SEEB
  • Date: 02-10-2018

Modern Exchange opens its 31st branch in Seeb inside Mars Hypermarket for customers. Modern Exchange is 1993 established firm, which is part of the conglomerate in Kuwait, ALMulla Group of Companies. Modern Exchange is known for its innovation and technology and it is the first company brining in revolution in the Oman remittance industry by introduce Zero Minute Remittance in 2012 where the remittance reaches the beneficiary’s accounts within split seconds before customer leaves the branch and even if bank are closed in recipient country, and also provides SMS feedback of the remittance to the customer’s mobile within 3 minutes.

The new outlet located inside Mars Hypermarket was inaugurated by Dr.V. T Vinod, Managing Director of Badr Al Samaa Group of Hospital in presence of Modern Exchange’s most valuable customers.

We care for your family as you care!!!!

Mr. Phillip Koshy, GM, MEC says that their service to customers is more than just remittance. No one in this world exist without a goal in life irrespective of being poor or wealthy. Each have their own dimension of dreams. Talking about expatriates, they have left their dear ones in their home country and came here for making their dreams true He / she invests their time and money here for the well- being of their family. But, what happens if all their dreams get shattered before reaching it.

On Sep 28th Friday, during our Seeb branch opening, we have disbursed insurance claims to Modern Exchange customers totaling an amount of OMR 9800/- to the relatives of 7 deceased customers, who had remitted through us.

s part of Social corporate responsibility ‘Free insurance coverage’ to all our customers in Oman irrespective of the remittance amount. It is gesture of our love and join their family back home during their sad times. We have settled 9 insurance in last 8 months of this year 2018.

On every transaction with us, the customer is entitled for a ‘free insurance cover’ of OMR 1600 valid for 30 days and for a customer who is doing remittance with us every month, he /she is covered for entire 365 days in a year. There are no premiums being paid or policies being filled by our customers.This insurance covers unforeseen events like normal death and accidental death.