DCB Bank in tie-up with TimesofMoney for online remittance

NRIs can use DCB Bank's website to transfer money online from 23 countries

PTI | July 14, 2011



Eyeing the lucrative remittance market, private sector DCB Bank on Wednesday  announced a tie-up with TimesofMoney for providing a money transfer platform.

"Non-Resident Indians (NRI) can use the DCB Bank's website to transfer money online from 23 countries, leveraging TimesofMoney's branded online remittance service," a release by the bank said.

The tie-up will ensure that NRI customers get a state-of-the-art service with faster transaction speed, a secure platform and a price advantage by way of lower fee and competitive foreign exchange rates, it added.

As per the World Bank, India is the top remittance receiver at USD 55 billion per annum and remittance through the online channel is increasing at an incredible pace, TimesofMoney's President Avijit Nanda said.

 

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