KUALA LUMPUR, May 3 (Bernama) -- LuLu Financial Group has started its operations in Hong Kong with the opening of their head office at Hankow Centre, Kowloon.
The group acquired 100 per cent ownership of a local financial services company in Hong Kong, adding five more branches to its global network.
Branded as 'LuLu Money' in Hong Kong, this branch is LuLu Financial Group's tenth country of operation and second in the APAC region after Philippines, a statement said.
The branch was inaugurated by managing director, LuLu Financial Group, Adeeb Ahamed in the presence of VP-APAC, Surendran Ammitathody and other senior officials and dignitaries, a statement said.
"The Asia Pacific region is home to some of the most dynamic economies and Hong Kong is one of the most strategic markets," said Adeeb Ahamed.
"Further to offering our world class services, we will be reaching out to a larger audience through our innovative digital platforms that have been created in-house," added Adeeb Ahamed.
'LuLu Money' retail outlets offer money transfer, retail currency exchange and import & export of currencies. It also foraying into the digital space to revolutionise the fintech environment in the region with upcoming 'LuLu Money' app features instant online transactions, payment tracking in real time and payment history.
The company plans to move nearly 30 per cent of its transactions on to the digital platform by 2020 and committed to remain on the digital fast track.
LuLu Financial Group, global headquarters in Abu Dhabi is a certified global financial services enterprise that serves banking institutions, business houses, local and international corporations as well as individuals.
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