LuLu Financial Services expands banknotes business with new currency import-export license

LuLu Financial Services expands banknotes business with new currency import-export license

Manila, The Philippines, LuLu Financial Services Phils- a leading financial services provider in the country, has been granted approval from the central bank i.e. Bangko Sentral Ng Pilipinas (BSP) and Bureau of Customs, to conduct cross-border physical transfer of foreign currencies in the Philippines. The approval is an upgrade to the company’s existing license which allowed it to ship banknotes to countries abroad, especially those in the GCC, in APAC Region and the Indian subcontinent. Lulu Financial Services, which is majorly owned by the Abu Dhabi-based Lulu Financial Holdings, started…