Dubai – Mubasher: LuLu Financial Group, part of the Abu Dhabi-based hypermarket-to-hospitality LuLu Group, is working on digitalising its money transfer and other financial transaction businesses.

We are planning to digitise around 30% of our business by 2020, LuLu Financial Group managing director Adeeb Ahmed revealed.

“We are currently incorporating a major technological shift in our financial sector business and intend to encapsulate further financial services that are available in our brick and mortar branches on to our mobile app,” Ahmed told Arabian Business.

Previously, the company launched a money transfer mobile app, LuLu Money, in the GCC. The firm is also planning to expand its app use to other countries where it operates, including the Asia-Pacific region.

LuLu Financial Group has crossed the $10 billion mark in its total transactional value in its financial sector business. It is billed the second largest player market in exchange and money transfer segment in the GCC market.

“We have witnessed good growth in overall business over the past three years, and we intend to target the same numbers in the coming two years,” Ahmed added.

Currently, the group operates about 200 branches spread over 11 countries, including India and Hong Kong.