UAE-Based Ruya has Partnered with LuLu Exchange

One of the top financial services providers in the UAE, LuLu Exchange, has established a strategic Partnership with Ruya, the digital-first Islamic community bank in the UAE.

Through the partnership, Ruya clients can make free cash deposits into their Ruya accounts at any of the 140 LuLu Exchange customer interaction centers located throughout the United Arab Emirates.

The Ajman-based Ruya stated in a statement that it is constantly revolutionizing the banking services industry by offering a broad range of financial services via cutting-edge, quick, safe technology.

LuLu Exchange has been at the forefront of transforming the cross-border payments industry by putting an emphasis on customer-centric solutions, growing its service network, and utilizing cutting-edge technology.

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By strengthening its current relationships with digital banks and tech firms, this alliance advances LuLu Exchange’s fintech offerings.

Christoph Koster, CEO of ruya, said: “This partnership with LuLu Exchange highlights our commitment to enhancing the customer experience and expanding our service offerings. By enabling cash deposits through LuLu Exchange branches, we are making banking more accessible and convenient for our customers.”

Along with this new service, Ruya already offers its users the ability to open bank accounts using UAE Pass in under five minutes.

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The convenient option of cash deposits through any LuLu Exchange location in the UAE is another way that the arrangement gives ruya clients even more power.

“We are delighted to collaborate with ruya, a forward-thinking digital-first Islamic bank. This partnership broadens our service portfolio and reaffirms our dedication to innovative financial solutions that benefit the community,” Thampi Sudarsanan, CEO of LuLu Exchange UAE, said.

About Ruya

Ruya is a new community Islamic bank that offers digital banking and values fairness, transparency, and social responsibility. Ruya, a community-based Islamic bank, supports families, entrepreneurs, and small enterprises with cutting-edge technology.

About LuLu Exchange

LuLu Exchange Financial Holdings is a financial services leader in foreign exchange, global money transfer, and salary and compensation administration.