TRUXX and Lulu Exchange have signed an agreement to activate the Financial Inclusion initiative for TRUXX driver community and facilitate e-transactions instead of cash payments.
[Abu Dhabi, Dubai, Jan 25th, 2024] – TRUXX, a leading truck aggregator and professional movers’ marketplace in the UAE, is proud to announce a strategic partnership with Lulu Exchange to activate a comprehensive Financial Inclusion initiative aimed at empowering the TRUXX driver community. This partnership will facilitate the transition from cash payments to seamless e-transactions, enhancing the financial well-being and security of drivers.
As part of this initiative, Lulu Exchange will issue bank cards provided by First Abu Dhabi Bank and endorsed by MasterCard. These cards will enable TRUXX drivers to perform overseas remittances and make daily purchases effortlessly. The advanced financial services offered by Lulu Exchange will include secure and efficient digital payment solutions, aligning with TRUXX’s vision to modernize and digitize the transportation sector.
“By partnering with Lulu Exchange, we are taking a significant step towards eliminating cash transactions and promoting financial inclusion among our driver community,” said Khadem Almheiri, CEO of TRUXX. “This collaboration not only enhances the financial security of our drivers but also streamlines our operations, providing a more efficient and transparent payment process.”
Thampi Sudarsanan, AVP of Lulu International Exchange, added, “We are excited to partner with TRUXX in this initiative. Our digital payment solutions are designed to provide ease of use and security, empowering TRUXX drivers with the financial tools they need to thrive in today’s digital economy.”
About TRUXX
TRUXX is a leading truck aggregator and marketplace in the UAE, offering a wide range of transportation services for individuals and businesses. With a fleet of over 1,000 trucks and a commitment to innovation, TRUXX aims to revolutionize the transportation industry by providing competitive rates, eliminating language barriers, and supporting the digital transformation of logistics.
About Lulu Exchange
Lulu Exchange is a premier financial services provider in the UAE, specializing in remittances, currency exchange, and digital payment solutions. Lulu Exchange offers a range of services in multiple countries throughout the GCC, India, Bangladesh, Singapore, and Philippines.