Wallstreet Exchange to double UAE branches

Wallstreet Exchange, the financial services arm of Emirates Post, plans to almost double its UAE retail branches this year.Managing director Abdullah Bin Galib told Gulf News the company also intends to expand into the non-financial sector, but did not disclose further details. “The company is looking to consolidate its position in the UAE by expanding its branch network from 18 to 30 by the end of the year,” he said, adding “the challenge is to improve our customer service. People are now aware of various services and options that the company offers.”

An agreement with First Gulf Bank allows customers of the bank to make credit card and loan payments through Wallstreet branches, and the company is planning to tie up with more banks in future. “We definitely have a sizeable share of the market and still believe there is a greater scope to grow,” said Abdullah. Source