| TimesofMoney ties up with Philippines Inquirer |
The Union of Two Media Moghuls is here . TimesofMoney Ltd., the leading financial services provider of the country and part of The Times Group, recently tied up with Philippines Inquirer, the leading media conglomerate of the Philippines. The partnership is for the US – Philippines corridor of Remit2Home.com, the revolutionary global money transfer service of TimesofMoney Ltd. The online remittance service shall be available in more than 80 countries in partnership with Citigroup worldwide. |
| With remittance receipt of over US $14 bn annually and an expatriate community that resembles the profile of Indian Diaspora, Philippines is the primary target corridor for Remit2Home. Inquirer.net, Philippines leading media conglomerate has been chosen to be a channel partner in expanding the service to reach Filipino communities in different countries. |
Remit2Home.com marks the foray of TimesofMoney Ltd in becoming a truly global player. Currently, the service shall be available for United States as a sending country and Philippines, Sri Lanka, Kenya, Pakistan and Poland as destination countries. The service shall be extended to other geographies and corridors subsequently. |
The service will combine multiple modes of sending and receiving money using new age access channels like Internet and Mobile. Remit2Home.com will enable customers to send money using their existing bank account in US via the Automated Clearing House (ACH) mechanism. Their beneficiaries can receive money directly into their bank accounts; cash pick up from local branches or as cash delivered right to their doorstep. The funds transfer shall be supported by Citigroup. |
"We are delighted to partner with TimesofMoney Ltd and offer the unique and truly path-breaking product Remit2Home.com. With this service, workers abroad can look forward to a secure and more economical way for them to send money." noted official spokesperson, Citigroup's global payment and financial
institutions services. |
| The official spokesperson from TimesofMoney Ltd. commented, "TimesofMoney has a state-of-the-art technology platform and an understanding of the global online remittance market. After having achieved stupendous success in India remittances with Remit2India.com, we aim to have global footprints with Remit2Home and be a transnational business.” |
