JRG, UAE Exchange launch cash transfer system

JRG International DMCC on Sunday launched a multi-currency cash management and transfer system in partnership with UAE Exchange, a global remittance and foreign exchange firm based in the UAE, offering investors on Dubai Gold and Commodities Exchange (DGCX) a fully-compliant, flexible and transparent funds transfer mechanism.

The system, Global Cash Management and Transfer (GCMT),  allows easy fund transfers directly to DGCX beyond banking hours and even on regional holidays. It can be accessed from anywhere in the world through the UAE Exchange branches.

“GCMT will contribute significantly to the growth of DGCX online commodity trading and will become an investment gateway to the UAE,” Sajith Kumar PK, Director and CEO of JRG International, said at the launch of the system in Dubai on Sunday.

JRG is one of  the clearing members of  the DGCX.
 
“It is a new step ahead for the UAE Exchange in expanding its reach to the investor community across the world,” said Y Sudhir Kumar Shetty, Chief Operating Officer, Global Operations, at UAE Exchange.
 
GCMT was launched under JRG International’s strategic programme – Global Secured Investment Transaction System (GSIT),  in the presence of the Consul General of India, Dubai,  Sanjay Verma.

“GSIT aims to conceive and introduce new models of regulation-compliant and fool-proof trading transaction systems to the investment world.  Under this initiative, JRG International last year launched its successful Client Segregated Bank Account System for DGCX investors. By combining transparency and quick efficiency to fund transfers, GCMT aims to complement the growth potential of online commodity/forex trading on DGCX,” said Sajith Kumar.

JRG International and UAE Exchange also introduced an `Investor Gold Card,’ which can be used to access GCMT services. The `Investor Gold Card’ was launched by   Hazza Bin Mohammed, Chairman and MD, JRG International.