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.”
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.