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DCB Bank launches online service to send money globally

Press Trust of India  |  New Delhi 

has launched a service to facilitate customers send online globally.

Under Remit, any resident Indian can register online and transfer funds across 20 countries, including the US, Canada, Australia, the UK, the UAE and Germany, the said in a release.

After the exchange rate of is fixed, customer transfers the funds from any account to account which is then transferred to the beneficiary account abroad latest by the next business day.

"This unique outward fund transfer saves time and effort. It is one of many we have launched in the growing area of digital remittances," said Praveen Kutty, Retail and of

DCB has been launched in association with Avenues Payments, a company specialising in facilitating cross border payments.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 16:20 IST