Remittance and currency exchange company, UAE Exchange, is launching in Malaysia (view press release). As part of the deal Fast Remit Sdn Bhd, a Malaysian remittance company, will become part of UAE Exchange and will be known as UAE Exchange Malaysia Sdn Bhd. UAE Exchange said it currently has four branches in Malaysia and there are plans to add around 20 more in the near future.

“Now customers in Malaysia can also experience the range of services for which UAE Exchange is known among its 3.5 million customers, worldwide.” Promoth Manghat, VP, Global Operations, UAE Exchange. “Our network of more than 600 branches across 30 countries will add more convenience for our customers. Malaysia is a critical market for us in the Asia Pacific belt.”