MUMBAI: TimesofMoney, a leading payment service provider has announced a tie-up with IDBI Bank to launch the bank’s remittance service - ‘India Remit’ for its customers in UK. This association further strengthens the relationship between the two as it marks the second global remittance corridor set up from TimesofMoney after the same was launched for US. The bank will use TimesofMoney’s transaction processing capability to offer end-to-end online money transfer for its NRI customers in UK. 
Under this arrangement, ‘India Remit’ will enable IDBI Bank’s customers in UK to directly transfer money online to any IDBI Bank in India. With this alliance IDBI Bank can offer a seamless, secure and quick money transfer service to its customers wherein they can directly transfer money from their bank account to the receivers account in India.
Speaking about this alliance, Mr. Avijit Nanda, President, TimesofMoney said “It is our constant endeavor to offer seamless & secure end-to-end online money transfer solutions to IDBI Bank’s customers. This tie-up strengthens our relationship with the bank as it marks yet another step to extend our convenient & secure money transfer solutions to the bank’s customers in UK & USA”. Commenting on this alliance, Mr. O.V. Bundellu, Deputy Managing Director IDBI Bank said, “IDBI Bank is keen on providing its esteemed customers state of the art solution for their service needs. The tie-up with TimesofMoney is a significant step in this direction. The service will enable NRIs based in UK & USA to use the IDBI Bank’s network and enjoy benefits of account-to-account transfer to remit money online to beneficiary’s bank account held with any branch of any bank in India. The remittance service is extremely user friendly, and can be effected in fully secured manner from the comforts of home.
| About Remit2India: A burgeoning global expatriate community and the Indian Diaspora of over 20 million can scarcely be ignored. India has been consistently ranked as the World's No. 1 remittance receipt country. Since traditional money transfer methods have been plagued with ills of inordinate delays and exorbitant fees, therein lay a need for a new age channel to overcome these hindrances. This paved the way for the birth of India Money Transfers. | |
Remit2India, the flagship brand of TimesofMoney, is the global one stop destination for money transfers for NRIs across the world. Remit2India.com is the only portal to be adjudged the “World's No. 1 Independent Online Money Transfer Portal for NRIs” by ACNielsen ORG Marg. Remit2India is also the winner of the Savile Row Brand Leadership Award 2007. With presence in over 23 countries and serving lakhs of NRI customers, Remit2India is a noted success in the world of web-based money transfers. It's revolutionary remittance solution for the Indian Diaspora provides for an extensive global coverage, aggregates diverse payments and delivery modes and has the distinction of having the widest delivery network in India. |
