Global Money Exchange Company is a household name when people thing about remittance and
foreign exchange currency business in Oman. We hold sizeable market share in Omanís remittance industry
and can proudly present as one of the strong players in this field. We have grown from a single branch entity
in 2002 to one of the largest exchange company in terms of branch network (53 branches). GMEC is managed by
State Bank of India, the largest
commercial bank in India and a Fortune 500 Company, with effect from 1st April 2017,
and before that by State Bank of Travancore since its inception.
Global Money Exchange Company has bagged
the award for Best Exchange Company consecutively for last 4 years (since the inception of the award)
acknowledging its continuous above-industry average operational standards.
Today, we have presence across the terrain of the Sultanate, and we have been allocated 5 currency
exchange counters in the new Muscat International Airport and 1 in Duqm International Airport.
Recently, we have started visa fee collection services at Sohar Airport as well.
The Company has business arrangements with a number of Banks from Pakistan, Bangladesh, Nepal,
Sri Lanka, Philippines, Indonesia and Egypt besides India and other International Instant Money Transfer
conglomerates like Western Union, Xpress Money, Mastercard (TransFast), EzRemit, MoneyGram, Al Ansari Cash Express,
Instant Cash, and Ria Money.
Apart from remittance and currency exchange business,
GMEC has started providing additional services like fee collection for renewal of Indian Passports,
remitting contributions, registration and penalties to the Pravasi Welfare Fund for Non-Resident Keralites,
Ooredoo & Friendi recharge services and a
few other international telephone service providers like Ding.