Muscat: LuLu Exchange, one of the leading cross-border payments and money exchange companies in Oman, received the Business Excellence Award at OER Business Summit 2023 held on May 10th. LuLu Exchange won the award on account of driving the future of the payments ecosystem through technology and innovation.  

The event, which was hosted by OER (Oman Economic Review), also focused on discussions around the state of Oman’s economy, and its underlying opportunities & challenges. 

Mr. Lathish Vichitran, General Manager of LuLu Exchange Oman and Mr. Mohammed Al Kiyumi, Head of Omanisation & Government Relations received the award from HE Eng. Badr bin Salim bin Marhoon Al Maamari, Secretary General, Oman Tender Board. 

Congratulating his entire team on the well-deserved recognition, Mr. Adeeb Ahamed, MD, LuLu Financial Holdings, said, “We are delighted to be recognized for the advancements we have introduced to our payments infrastructure. With a robust network composed of physical branches and digital solutions, LuLu exchange has always strived to deliver exceptional services to the people of Oman. The Business Excellence Award is an inspiration to keep growing and embrace modern advancements to bridge the gap between our services and our customers.”

Mr. Lathish Vichitran, General Manager of LuLu Exchange, said, “The rapid advancement of technology has made cross-border payments more convenient, efficient, and secure. We are happy to win this award which reflects our commitment to incorporate the latest technologies to enhance security for transactions made from Oman to other parts of the world.” 

The event was graced by the presence of chief guest HE Eng. Badr bin Salim bin Marhoon Al Maamari, as well as guests of honor, His Highness Al Sayyid Dr. Adham Turki Al Said, Assistant Professor of Economics at the College of Economics and Political Science, Sultan Qaboos University, and HE Pankaj Kanaksi Khimji, Adviser, Foreign Trade & International Cooperation, Ministry of Commerce, Industry and Investment Promotion.