TimesofMoney, Federal Bank tie up to offer Global Remittance Solutions

Company to single handedly facilitate the entire remittance process of the bank

TimesofMoney, India's leading digital payment service provider, has signed a service agreement with Federal Bank to offer remittance solutions to all Federal Bank customers worldwide. This tie up would enable all customers of Federal Bank - residing anywhere in the world - to remit funds online to any bank in the NEFT/RTGS network. This latest service provided by TimesofMoney is all about speed of execution, safe & secure transaction environment and competitive pricing both in terms of exchange rates and transaction costs.

Mr. Shyam Srinivasan MD & CEO, Federal Bank said “With increasing focus on NRIs and facilitating money transfer is need of the hour. Our association with TimesofMoney the leaders in online remittances provide us the opportunity to cater our customers a secure, efficient and cost effective way to send money to their beloved ones back home. TimesofMoney’s offering fits the requirements of our NRI customers perfectly. Their track record in providing remittance solutions has been impeccable and we are confident that our customers would benefit immensely as a result of this association.”.

Commenting on the tie up, Mr. Avijit Nanda, President, TimesofMoney said: “We are pleased to announce our association with one of the most prominent bank in South India. Our partnership with Federal Bank is a major step forward to strengthen and expand our remittance gateway. It further provides us a major reach in South India with Federal Bank’s strong presence there. Our motto of customer first also matches theirs and we are confident that this alliance would delight customer”

This partnership provides an opportunity to serve the needs of NRI customers of Federal Bank across 23 countries and in nine currencies. This association with Federal Bank is of strategic significance to TimesofMoney because it will be single handedly facilitating the entire online remittance process end-to-end, rather than just being a technical facilitator.

The alliance is a tribute to the technology and risk management capabilities at TimesofMoney, which believes in a trustworthy, safe, secure and transparently way of transferring money. The alliance further strengthens TimesofMoney’s distribution network.

For more information, kindly log on to www.remit2india.com

About TimesofMoney:

TimesofMoney is India’s leading digital payment service provider and serves a varied client base. Spanning Indian and international clients, Its offerings include specialized NRI services, India Money Transfers, Global Money Transfers, ePayments and co-branded cards. Conceptualized and built to serve diverse communities, TimesofMoney’s services offer convenience, connectivity and flexibility across a global platform. The conglomerate continually strives to deliver the best to its clients, ensuring flexible service and meeting global standards. Visit www.timesofmoney.com for more details