Hubpay's new AI-powered remittance app revolutionizes the FX market in the UAE

Date Posted:Tue, 1st Oct 2024

Hubpay's new AI-powered remittance app revolutionizes the FX market in the UAE

Hubpay, the leading fintech company specializing in digital foreign exchange (FX) solutions announces the launch of the UAE’s first AI-powered currency exchange product. This major update introduces a suite of innovative features empowered by Artificial Intelligence designed to give customers control and deliver unparalleled FX experiences and best prices.

 

Hubpay has leveraged the FX engine of its corporate platform, which is already market leading, to enhance its newly released retail app 3.0.  With a focus on providing customers with maximum control and convenience combining FX expertise with Artificial Intelligence. Hubpay’s 3.0 release has now several industry-first features:

• Rate Finder: Customers can now set their desired exchange rate and let Hubpay and AI do the rest. The app will actively monitor the market and notify users when their preferred rate becomes available. The rate finder alert can also take care of the money transfer if the customer has selected the option once the rate is reached.

• Reserve Rate: Customers can lock in a specific exchange rate for 24 hours for future transactions, ensuring they benefit from favourable market conditions even if they cannot send money immediately.

• Rate Alert: Users can receive real-time notifications when their desired rate is live or when Hubpay's AI determine that the current market conditions are favourable for sending money.

In addition to these new features, Hubpay has also enhanced its referral program, offering customers the opportunity to earn hundreds of dirhams each month. The app's user interface and overall experience have also been significantly improved, providing a more intuitive and enjoyable platform for customers.

"We are excited to introduce this new version of our app, which represents a major step forward in our mission to redefine innovation in the FX market," said Kevin Kilty, CEO and founder at Hubpay. "By empowering our customers with innovation, control and convenience, we are confident that Hubpay will continue to be the trusted choice for all UAE expats sending money abroad."

As this is a BCCD Member Only offer, information on the discount and details on how to avail it will be shared in the Member Offers section on the BCCD Connect app. 

If you are yet to download the app, please refer to the below instructions:

1. Download BCCD Connect app:

- Android

- IOS

2. Open the app and select ‘Request Access’

3. Complete the Access Request form and press ‘next’ to complete your app profile and password settings clicking ‘submit’ once complete.

4. Access will be granted promptly by the BCCD team, and you will receive a confirmation email.

5. Please contact the BCCD team at [email protected] if you have any issues.

Please note that if you have not logged into the app recently, you will be asked to accept an update, which will only take a few seconds.