The 72nd Republic Day of India being celebrated today is a true mark of resilience and one to be proud of.
To mark the occasion, Zenj Exchange (ZenjEx) is happy to offer free remittance transactions to India, sent through the ZenjEx mobile app today and tomorrow.
The Covid-19 pandemic which hit the world during the first quarter of 2020 has had devastating implications on all world economies.
During this time, India’s population of 1.38 billion faced several challenges especially during the last nine months of 2020.
With the implication of lockdowns and other precautionary measures, the country almost reached normalcy by the end of 2020.
India’s gross domestic product (GDP) slipped to 23.9 per cent during the second quarter due to the lockdown and from there, the country fought back and the economy is slowly but steadily improving.
India’s stock market reached a record high in December 2020 with BSE Sensex crossing 50,000 points.
Foreign Institutional Investor (FII) flow to India’s stock market exceeded $15 billion in November and December 2020.
India’s Forex reserves touched a record-high of $585 billion during the same period.
India has indigenously developed a Covid-19 vaccine (Covaxin) and begun administering it to citizens in addition to exporting it.
On this special day, India has a lot to be proud of, especially during these tough times.
Established in 1980 by Hamad Abdulla Abul, Zenj Exchange Company is a 40-year-old institution.
Mr Abul continues as the chairman of the company and his daughter Fatima Hamad Abul is the managing director.
As one of the oldest exchange companies in the kingdom with 16 branches, ZenjEx offers fast and reliable remittance facilities to banks in India, with credit to the beneficiary’s bank account in less than five minutes.
ZenjEx covers over 120 countries namely India, Bangladesh, Pakistan, Philippines, Nepal, Sri Lanka, GCC countries, Commonwealth of Independent States, African countries and European countries.
It also continues to update its services and now offers mobile wallet credit to the Philippines (GCash and PayMaya), Nepal, Pakistan, India, Bangladesh, many African countries and others.
The company also has a mobile app which offers one of the best exchange rates in the market.
For more information or for services, visit a ZenjEx branch near you, download the app or follow on social media for continuous updates on offers and services.