(United Arab Emirates)
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 & acquisitions and digital space, transforming UAE Exchange group into a truly global entity. The past three years witnessed Promoth 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 15 million 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. Promoth’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, Promoth 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. Promoth serves as a corporate mentor to some of the leading startups 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.