Making a difference in India
FINANCE
CSR is an important pillar for many companies as they look to make a positive impact on the world. At Wall Street, we have a chance to make a big difference to our customers who are supporting families and loved ones living abroad.
That’s why we teamed up with Instant Cash to offer assistance to India during the country’s recent Covid crisis.
The UAE has strong links to India – it is India’s third‐largest trade partner with an annual bilateral trade of around US$60 billion, and the estimated 3.3 million expats from the Indian community constitute nearly a third of the entire population of the country
With such well‐established ties and shared history, the UAE understands the importance of helping a friend in need.
Indian community groups, businesses, and individual expatriates have also taken a proactive approach, sending relief supplies back home
Efforts here can help support widespread efforts from within the subcontinent at the corporate level aimed at improving a healthcare infrastructure that is under real pressure from Covid.
Through our partnership with Instant Cash, we have waived charges on any remittance to the PM CaresFund and the Kerala CMDRF, therefor enabling UAE residents to connect with two important charitable
funds which are contributing to the fight against Covid‐19.
The PM Cares Fund was set up last year to combat the coronavirus and is dedicated to containment and relief efforts against the pandemic and similar situations in the future.
The Kerala CMDRF (Chief Minister's Distress Relief Fund) is a public relief fund which is helping to rebuild lives for those affected by Covid‐19 in the state of Kerala.
We know that many people residing in the UAE send money home to India, it is an important source of income for their families. Our streamlined, safe, and convenient processes enable them to make that connection as part of their regular routines. When a black swan event like Covid occurs, it is more important than ever to ensure they have access to trusted networks and financial solutions.
Waiving charges on these two worthwhile funds provides the public with an outlet to donate and contribute in a positive way to India’s crisis. With such a loyal customer base from India, we have always felt a strong bond with the country. If our efforts here make even a small difference to the situation on the ground in India, it would have been a worthwhile effort.