MIDDLE EAST
Promoth Manghat CEO
Promoth Manghat has been a champion of innovation in business since two decades , bringing out-of-the-box solutions in finance , strategy , product development , marketing , mergers and acquisitions and digital space , transforming UAE Exchange group into a truly global entity . The past three years witnessed Manghat taking great strides in the inorganic growth path of the group with critical investments and acquisitions . He deftly handled the complex acquisition process of Travelex , the world ’ s leading Foreign Exchange specialist and Remit2India , the online money transfer portal platform apart from acquiring a series of businesses in South Africa , Singapore and Brazil , enhancing its global footprint . Today with five top notch brands – UAE Exchange , Xpress Money , Travelex , Ditto Bank and Remit2India – the group has emerged into a globally leading conglomerate that brings immense value to its over 15mn customers worldwide . As the group CEO , his digital vision ensured that the group partnered with various Fintech start-ups ; is an active participant in various incubators in association with the likes of DIFC , ADGM , New York University etc .; and has also made significant investments in start-ups backed by the highly potent blockchain technology . Manghat ’ s overarching principle of excellence has helped the brand firmly root itself in the labyrinthine ways of the money movement industry . As an acknowledged expert and thought leader in the money transfer , fintech and financial inclusion domains , Manghat is a sought-after speaker at industry forums and conventions . He is a regular contributor to various industry and business publications and is a keen commentator on technology innovation in financial services . Manghat serves as a corporate mentor to some of the leading start-ups being nurtured under UAE Exchange ’ s institutional partnerships . He also serves on the World Economic Forum ’ s Global Steering Committee for Financial Inclusion that seeks to drive sustainable financial inclusion through digital channels .
157