While Modern Exchange is new to Bahrain, its other affiliates–Al Mulla International Exchange Company K.S.C. (c) (AMIEC) in Kuwait and Modern Exchange Company in Oman are the pioneers and market leaders in money exchange business in the respective countries. Al Mulla International Exchange Company in Kuwait, with 65 branches and with the largest market share in Kuwait, has completely transformed the way money transfer business is done by introducing state of the art technology and highly innovative and unique value propositions for its customers. The Company has, over the years, emerged as the undisputed leader and the most preferred money remitter for expatriates in Kuwait. With a network of over 24 branches and similar work ethos and similar technology platform, Modern Exchange Company in Oman is also fast catching up and is already a preferred remitter by customer choice, in that country.
Modern Exchange Company, Bahrain is committed to innovation and to provide the best in class customer experience. To this effect, the company has introduced cutting edge technology and has established server to server communication links with major banks in all major remittance corridors enabling credit to beneficiary accounts in a matter seconds. Such a facility is already in place with SBI and HDFC for Indian corridor, Habib Bank for Pakistan and BDO for Philippines corridor. The Company is also working on adding many more such options in other remittance corridors so that the remitters get the best experience in the field of cross border remittances riding on the latest technology. MEC also provides free life insurance cover of BHD 1250-1500 to all its remitters, a first by any Exchange Company, in Bahrain. In addition, the remitter is also provided with a free SMS feedback once the beneficiary account is credited at both ends.
We are committed not only to meet but to beat your expectations and serve you, our esteemed customer, with pride, promptitude and transparency.
Superbly trained, fully aware of the market dynamics and with a "Committed To Serve You Better" approach embedded in their thoughts and DNA, our team is fully committed to make your transacting with us, a delightful experience.
We are present across all the major remittance corridors with a relationship network spanning across the globe.
To begin with, we are providing the following products:
- Retail Exchange Remittances
- Corporate Remittances
- Cash currency exchange