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TimesofMoney's Press Release Archive - Press Releases 2009
 
  • TimesofMoney, India's leading digital payment service provider, is now extending the 'NetBanking Transfers' offering to its existing and new customers in the United Kingdom from its brand Remit2India (R2I). This is in line with the company's focus of introducing many 'Industry Firsts' so as to achieve excellence in the remittances sphere. After the successful launch of this offering in Germany in June 2009, it is now being provided to TimesofMoney customers in the UK.

    This new 'NetBanking Transfers' product offering enables R2I customers to directly remit the amount from his/her bank account to their desired bank account in India without exiting his current Remit2India interface and can complete the transaction in a single flow. NetBanking Transfers is a TUV certified sending option wherein the confidential customer information is not shared nor stored anywhere. This process is seamless and provides confirmation on a real time basis.

    Elaborating on this new product offering for its UK customers, Mr. Avijit Nanda, President TimesofMoney said, "Through the 'Net Banking Transfer' service, we are providing our UK based NRI customers a convenient, hassle free and secure choice compared to traditional wire transfers, cheques and other remittance services. This service is in line with our commitment to provide our customers innovative services as we continue to strive for constant service improvement in the global remittance market. We invite the UK based NRIs to experience this cost-effective, seamless service platform."

    Remit2India, a flagship brand of TimesofMoney, facilitates money transfers to India for NRIs from around the world. It has been adjudged as the 'World's Number One Independent Online Money Transfer Portal for NRIs' by AC Nielsen ORG Marg.
  • November 06, 2009, Mumbai: TimesofMoney, a global leader in digital payments, has won the award for Brand Excellence in Internet Business. It was given yesterday at a ceremony at the World Brand Congress, at Taj Lands End, Mumbai.

    The innovation award is meant to recognize brand names that are associated with being prolific innovators, wherein the first association with a brand name is that of the element of innovation. With the current year's theme of 'Brands - Recharge, Innovate, Re-engage in Today's Times' at the Congress, TimeofMoney's award in this innovation category becomes even more significant.

    Said Mr. Avijit Nanda, President, TimesofMoney, "We at TimesofMoney have always been strong advocates of innovation in the online payment space. We strongly believe in transforming and enriching the overall experience of the customers while delivering value. This recognition of our contribution in the space of digital payments has made us proud and will inspire us to better our offerings in days to come."

    The World Brand Congress is the single largest rendezvous of the best brains behind some of the most successful and sought after brands globally. Over 500 marketers and brand custodians from world renowned organizations of every sector and continent gather each year for the Congress. It is represented by 60 countries from across different parts of the world and was being hosted this year at Mumbai on 4th and 5th November 2009 at Taj Lands End.
  • DirecPay, the bank neutral payments aggregator service from TimesofMoney, has joined hands with PayMate, Mumbai-based wireless transactions company, to provide an extended payment facility to its merchants across India. This will be in addition to its existing bouquet of payments modes like credit cards, debit cards and Net Banking, which DirecPay offers through 20 banks.

    With this arrangement, DirecPay aims to aggregate all possible payment options under one single umbrella for merchants and give them a single interface for receiving payments in a secure, convenient and a cost-effective manner using the best of technology and providing excellent support at all times. It enables secure electronic payments between people & businesses easily and instantly.

    PayMate's hybrid SMS & IVR based solution lets the user link his mobile phone to any financial instrument of his choice like Bank Accounts, Credit Cards or Pre-paid Mobile Vouchers (GiftMate). At the time of PayMate registration or buying a GiftMate voucher, customers can choose a 4-digit PIN to authorize all future transactions.

    Speaking on this occasion, Mr.Avijit Nanda, President of TimesofMoney said, "Payments over mobile are secure because robust authentication is used to ensure high quality standards. The convenience of paying over the mobile brings more customers into the considered set of e-commerce users. The propagation of the mobile device in our country is among the highest in the world at 35% and growing. Thus, this is a very big set of customers that becomes eligible to buy, sell and transact by enabling their device with payment options."

    Mr. Ajay Adiseshann, Founder & MD, PayMate said "---Mr. Ajay Adiseshann, Founder & MD, PayMate said "The marriage of online commerce with the mobile presents a great opportunity for stakeholders and end customers. The mobile device could be the perfect catalyst for e-commerce in India. We have more innovations to follow for added customer convenience and security."
  • MUMBAI: Timesofmoney, India's leading payment solution provider and global banking giant Citibank, have entered into a strategic tie-up to launch a new remittance corridor.

    The bank will use TimesofMoney's transaction processing capability to offer end-to-end online money transfer for NRIs in Singapore. This alliance further strengthen the relationship between the two corporates, as it marks the second global remittance corridor set up after the same was launched for the US.

    Citibank can now offer a seamless, secure and quick money transfer service to its customers, wherein they can directly transfer money from bank account to the receivers account in India.

    Avijit Nanda, president of TimesofMoney said: "We are delighted to extend our partnership with Citibank and believe that this association will go a long way to strengthen our relationship and help us set new industry benchmark. Our capability, industry expertise and understanding of the remittance market helped us gain credibility and win confidence. We endeavour to constantly support the banking industry through our technology solutions and expertise to enable them to provide remittance services to their international and domestic customers."
  • Window2India, an engaging NRI services portal, adds a digital touch to the Raksha Bandhan festival this season with Rakhi2India, an exclusive and first of its kind online gifting catalogue. Through the Rakhi2India gift store customers in India can purchase and send gifts to USA and similarly NRIs worldwide can send rakhi gifts to India via Window2india's robust delivery channel.

    Rakhi2India gifting catalogue is furnished with an assorted range of Rakhi's and unique gifting options. Keeping up with the trend the Zoozoo Rakhi, Jumping Hanuman Rakhi and cartoon character Rakhis are popular along with the more traditional variety. Rakhi thalis with mithai, gift baskets & hampers are the popular choices amongst customers. The Toblerone Rakhi hamper along with other chocolate theme based Rakhi gifts on offer, as a part of the limited edition catalogue, is a hit with the customers.

    Window2India launches Rakhi2India Online Gift Store - Free shipping on select Rakhi gifts and hampers to & from India to USA

    - HDFC customers can avail discounts up to 31%
    - Remit2India customers get up to Rs.300 discount on all Rakhi gifts
    - Highlight of the month - photo rakhis and photo chocolates
    - W2I joins hands with Aesthika Designs, reputed for their miniature Rakhi collection across India

    Avijit Nanda, President, TimesofMoney, the parent brand of Window2india, says "We have always strived to bring NRIs and their families a little closer through our initiatives and offers. The end goal for us is to be a part of the Raksha Bandhan festival with our customers and share the joy with everyone. We are confident that our compelling offers will give great value to our customers and ensure repeat visit"

    Rakhi gifts to USA include Rakhi thalis, sweets, hampers, dry fruits, along with a wide selection off Rakhi threads and festive cards. For the Rakhi season, shipping is absolutely free on select Raksha Bandhan gifts to USA making them extremely cost effective and an attractive gifting option.

    Rakhi2India gift store is an extension of SEVEN contest conducted in July 09 first week, with a promise to participants of showcasing an exclusive store where the gift vouchers won by them could be redeemed. The SEVEN contest received unprecedented response form consumers with over 16,800 participants in seven days and prizes worth Rs. 1.2 Lakh were won.
 
12th July,Bussiness Today Cover story
  • Mumbai: Window2India.com, an engaging NRI services portal, launches SEVEN, a unique ‘7 day, 7 questions, 237 prizes’ contest for Indian & NRI audience. By entering the SEVEN contest consumers get a chance to win exiting prizes like 2GB Apple iPod, Sony cybershot camera, Philips DVD player along with a host of other goodies such as gift vouchers & 30 minute calling cards. Window2India SEVEN is an online daily quiz based contest where consumers can take a simple multiple-choice trivia quiz with options to guess. A Window2India gift voucher worth Rs.100 is assured on the right answer along with 30 consolation prizes & a ‘Bumper Prize’ daily. End users can come back and take the quiz the next day, if they missed a chance to win via sweepstakes. Daily ‘Bumper Prize’ includes a 2GB Apple iPod Nano, Sony cybershot camera, Phillips DVD Player, Kenstar Grill Microwave, Rs. 1500 Window2India gift voucher, all new Samsung Star Mobile & dinner set. Also, 30 consolation prizes will be announced daily which are 15 Big Bazaar or Window2India gift vouchers worth Rs. 500 and 15 calling cards worth 30 minute talk time. Avijit Nanda, President, TimesofMoney, says "Window2india SEVEN is a unique opportunity for NRI internet users to win exciting prizes in an innovative format which gives ample scope for everyone to win. This is a first of many consumer driven initiatives from TimesofMoney which are geared to engage & connect with our core consumers." The contest winners will be intimated on contact details shared while taking the quiz and also their names will be displayed on the website. NRI’s get a chance to send gifts for free as they can send the prizes won by them to their family & friends In India. Prizes won by users will be distributed in India only. Window2India SEVEN contest will be held over seven days, from July 1 2009 to July 7 2009. Click here to enter the Window2India SEVEN contest. For more details log on to www.window2india.com
  • Get a chance to win up to 600 USD daily Mumbai June 16, 2009: Remit2India, world's no 1 independent online money transfer service, launches the T20 Challenge for NRI's. The Remit2India T20 Challenge is a sweepstakes offer where the consumers have a chance to win USD 600 daily by entering the T20 Challenge hosted on Remit2India website www.remit2india.com Remit2India T20 Challenge is an exciting initiative targeted at NRI T20 cricket fans based in US. Customers can enter the content by remitting USD 1000 to their beneficiaries in India from the Remit2India website and cash in on their cricket knowledge by answering a simple quiz on T20 cricket. Amongst the correct entries by Remit2India users, a daily sweepstake prize of Rs. 10000 will be announced & added to the remitters account. Also based on random selection, 40 daily cash prizes Rs. 400 & Rs. 600 will be announced amongst the correct entries & added to the remitted sum to the beneficiaries. The big ticket Rs.10000 winners will be informed via email provided at the time of registration and the 40 prize winners for Rs.400 & Rs.600 will be informed by an automated response on participating & submitting the quiz everyday. Through the contest, over 1200 winners and cash prizes worth Rs. 9 Lakhs will be announced. First time users can enter the contest by logging in at www.remit2india.com. The Remit2India T20 Challenge ends on July 10 2009.


9th June, Financial Express, Riding the Storm
  • Remit2India has come out with a unique offering ‘Remit2India Summer Carnival’ which commenced from May 8, 2009 and would conclude on June 5, 2009. The Remit2India Summer Carnivalis a sweepstakes offer whereby customers can win DVD players, MP4 players, vacuum cleaners, food processors, mobile phones and much more on a daily basis. They will also be eligible for a weekly bumper prize of LCD television set. ‘Remit2India Summer Carnival’ is a bonanza for all customers who are transacting for the first time through Remit2India as they will be given an additional assured $5 on their remittances apart from being eligible for the Summer Carnival sweepstakes. Summer Carnival is an opportunity for the existing users as well as those who would be registering for the first time to win fabulous prizes every day. In order to avail the opportunity of winning the prices the registered users have to log on to www.remit2india.comwith their login details and transfer a minimum amount of 3000 i.e. 3000 USD, 3000 GBP, 3000 AUD etc. The offer is open for the new users also. The new users to Remit2India’sservices have to register on www.remit2india.com and transfer a minimum of USD 3000 (or their equivalent currency) to their beneficiary in India to be eligible for this offer. The winners will be intimated via email provided by the user at the time of registration. The prizes will be sent to the beneficiary of the remitter (winner) in India.

24th April, Andhra Prabha, Relish the flavor of the season with Window2India
23rd April, Vishal Andhra, Relish the flavor of the season with Window2India
  • As the Mango Mania sets in, Window2India gives a reason to smile to all mango lovers! Keeping with this sentiment Window2India has launched 'Mango First' in association with Kay Bee Exports, India's leading integrated fruit exporter. It provides the option of buying mangoes online and getting them delivered at the door step without any additional shipping or freight charges. This is the first online retailing venture for Kay Bee Exports.

    The customer can send Alphonso Mangoes - the choicest of the season - as a perfect gift for the entire family. These premium mangoes are specially packed and dispatched by courier, ensuring damage-free delivery. This comes at no extra shipping cost. All a customer needs to do is -select the special mango offer on Window2India.com and submit the mandatory details.

    For further details visit the website:
    http://window2india.com/cms/Premium-Mangoes/index.html

    India is the largest producer of mangoes. It produces a mammoth quantity of nearly 14 million metric tonnes, which comes to half of worldwide production of mangoes. Out of this, Mango First provides premium quality mangoes in packages of 1, 2 or 3 dozen. India has very few players in the organized retailing space. Kay Bee exports are India's leading integrated fruit and vegetable exporter for past 20 years. Mango First is their first retailing venture in online space.

    From sourcing to ripening and packaging, close attention is paid at each stage of the supply chain and high quality standards are maintained throughout the production process. Mango First does not use chemicals or artificial processes to ripen the mangoes. They use innovative natural ripening system. Specific Gravity Test is applied to weed out the affected mangoes -undersized/oversized/blemished/damaged/diseased mangoes are removed at the sorting table. Mangoes are graded on the bases of size, weight, shape and colour or as per the market requirements Each Mango is carefully wrapped in coloured wires for added protection. Graded mangoes are packed in well-ventilated, sturdy boxes with appropriate labeling as per the requirements. These mangoes are then transported to the distribution centers through specialized vans. Further they are gift-wrapped / re-packed into special mango gift boxes.

    An official Spokesperson from Window2India said "We are very pleased to announce this innovative gifting service called Mango First in association with Kay Bee exports. The service gives NRIs an opportunity to buy export quality Alphonso mangoes and get it delivered at their doorstep."

    Kaushal Khakhar, Director Commercial from Mango First said "Kay Bee export has been the one of the leading exporters of fruits and vegetables for over 20years .Our alliance with Window2India to provide Mango First, online service for gifting mangos gives us a platform to extend our services to NRI customers. Mango First has given us an opportunity to service our final consumers directly and we want to make the most of it by dedicating our resources and best agricultural practices to delight our customers."


  • MUMBAI: TimesofMoney celebrates the first anniversary of Times Card (a joint initiative of Barclaycard and TimesofMoney) with a series of fabulous offers exclusively for its customers. The offers span popular customer pursuits such as shopping, movies, personal grooming, entertainment and leisure.

    Times Card has over the past year continued to unveil exciting offers for its base of over 1, 00,000 satisfied customers. Existing offers on the Card include: 'Shoppers Whoppers' -- the promotion that allows you to 'shop till you drop' at amazing prices; 'Movie Mania' - wherein cardholders can avail of tickets of their favorite movie at the theatre of their choice and 'Beauty & Body' - for all who would like to indulge in rejuvenating beauty treatments at leading salons and spas around the country, at prices that are unbelievable. For all those who need to get away from the grind, the Times Card has a special 'Holidays' category, which offers cardholders irresistible holiday packages across the country. Foodies can also find solace in 'Culinary Stops', which acts as a guide to the country's best restaurants.

    The card also provides privilege access to a host of prominent celebrity events and parties including Filmfare Awards and the Pantaloons Femina Miss India beauty pageant.

    Speaking on the occasion Avijit Nanda, president, TimesofMoney said, " Over the last year, Times Card has successfully redefined the entertainment experience of masses. Positioned to be an aspirational credit card for the high spenders, 'Times Card' has created compelling value by introducing exclusive offers that form an integral part of the card offering. These offers span across entertainment, dining, shopping, travel, body and beauty. We are confident that in the coming years Times Card will deliver its promise of introducing customers to a new world of entertainment experience."

    Samir Bhatia, Managing Director -- India and Indian Ocean, Barclays GRCB said, "The Times Card is constantly seeking to create compelling value proposition for our ever-growing customer base of over 1 lakh. Over the last year, we have created value-for-money platforms providing customers with a unique experience across categories such as shopping, entertainment, hospitality, travel, leisure and personal grooming. We endeavour to leverage our innovative customer-centric initiatives and achieve several more milestones in the years to come."

    The card, which is powered by Visa, is currently available in over 15 cities, which cover the metros. Gaining access to the card is easy and is absolutely hassle free. Customers can swipe and earn points, which are then redeemed, and this has proved to be a good incentive. This card is accepted at more than 26 million merchant establishments in India as well as globally.

    About Times Card

    Times Card from TimesofMoney is the first entertainment Credit Card of its kind in India. It offers exclusive discounts across blockbuster movie premieres, rocking live concerts, celebrity parties and a whole new experience of entertainment. Times Card is weaved along the 5 C's of Convenience, Comfort, Care, Cohesive and Comprehensive. Positioned to be an aspirational credit card for the high spenders, it gives a powerful option to do more. These offers and discounts span across a large number of merchants spread across movies, dining, shopping, body and beauty and holiday destinations.

  • Bay Area Telugu Association organized the 8th Annual Ugadi Telugu Mela and Youth Talent Show on March 21, 2009 at Sunnyvale Temple Community Center in Sunnyvale, California celebrating the "VIRODHI NAMA samvatsaram". The venue Sunnyvale Temple auditorium had a new look with decoration of traditional flowers, backdrops, and lights; and a daylong cultural program involving four-year kids to adults took place that mesmerized the Bay area Telugu people from 10:00 AM through 10:00 PM in the evening . This program was sponsored by the following patrons:Grand Sponsor: Ravi Tax Preparation Services & Raji InsurancePlatinum Sponsors: Channel Real Estate and Mortgage.Gold Sponsor: PNG Jewelers, Namaste Plaza, Remit2India (remit2india.com)Part of the day-long event, "Youth Talent Show" ran from 10am through 6pm. The Youth Talent show has been providing a platform for youth to showcase their talents in music, dance and other fields. The ever increasing participation of children from a tender age of 4 to 15 in large numbers shows the hard work put in the by the kids in learning telugu language and arts and the dedication of parents to ensure their children are in touch with our language, culture and festivals. This year’s talent show had over 85 entries in dance and singing competitions with over 300 children participating in sub-junior, junior and senior categories. Additionally, there were over 60 entries for Art, Caroms and Chess competitions.
           BATA advisory board member and Cultural Chair Ms Vijaya Aasuri started the evening program and stated that the main goal of Ugadi program is to showcase and celebrate Telugu culture while entertaining the audience. During the show, Priest Sri Chintapally Venkateshwara Sharma blessed the show and attendees. The first performance was Kuchipudi dance for Ganesha Koutvam by group of eight kids, choreographed by Sunita Pendekanti. The next item was Matru Bodha directed by Vani Gundlapalli and it was written & composed by Varanasi Venkat Rao. Then came the "chiru Sandadi" dances by 4-10 years old kids for ensemble of songs celebrating the diversity of styles and songs such as Kannu Kotthina, Appdo Ippudo, Confussion, and Dhoom Dhummari. There were over 60 kids participated in this small segment of dances alone. Most of these kids were first-timer.Speaking at this event, Ravi Thiruveedhula, the out-going President of BATA, mentioned that he has received tremendous support from Telugu community, BATA committee, Artists, and the volunteers through out the last year making all program very success.s on the stage, and were very well trained by the choreographers Vijaya Aasuri and Srilu Veligeti. Prasad Mangina (newly elected President of BATA)thanked Jayaram Komati, Ramesh Mandalapu, Yugandhar Karakala, Ravi Thiruveedhula, Vijaya Aasuri and Veeru Vuppala for their continued support and encouragement since he has been associated with BATA. Prasad was pleased with his election as well as with the new committee and expressed confidence that the new team will continue the activities with the same interest and intensity. Ravi and Prasad also thanked the efforts of volunteers in making the program a grand success and thanked the sponsors Ravi & Raji Gondipalli (Ravi Tax Services), Sri Gopi Reddy (Channel Real Estate and Mortgage), Vishaka (PNG Jewelers), Gurdeep Suri (Remit2India.com), and Hari Babu (Namaste Plaza). Additionally they thanked the local businesses that have set-up the booths such as tax services, real estate promoters, dentists, jewelers, educational institute, boutiques, mehndi and non-profit organizations. Towards the end of the program, the much-awaited results from the Talent Show were announced by Srilu Veligeti, and cheers have erupted in the hall every time a name and prize announced from each of the categories of competitions. The program was concluded with the prize distribution, medals and certificates to Youth Talent show participants.

  • MUMBAI: As a part of its 8th anniversary celebrations, Remit2India, India's leading online remittance service announced its Assured Extra Money offer on each transaction for its customers. This distinctive and lucrative proposal provides every customer who transacts through Remit2Indiaan assured extra paisa on each money transfer . All transactions stand to get an extra paisa benefit upto Rs. 8888 during the offer period on successful disbursal done to the beneficiary. The Offer opened on Feb 13th, 2009 and closes at 9:30 am- IST on March 6th, 2009. This offer is available to all customers serviced by Remit2Indiaacross the globe. Speaking on the occasion, Mr.Avijit Nanda, President TimesofMoney said, "This anniversary gives us an apt platform to re imbibe our promise - to deliver the best service and have the vision of being the best in class online remittance service provider. We would like to thank our customers around the world for having faith in us and appreciating our unique product offering. To express our gratitude, we have announced a rewarding scheme for all our customers and we are confident that we will deliver our best ensuring customer delight." Remit2India,India's leading remittance service provider, finished 8 years on the 14th of this month. Started as India's first independent money transfer portal, Remit2India has expanded its product portfolio to include various services like online shopping platform & property services for NRIs .It has also introduced several innovative services like BillPay2Indiawhich allows NRIsto pay their bills online ,Guaranteed Rate Transfers, which allows a customer to fix the exchange rate at the time of booking of transaction and many more .Its disbursement solutions have revolutionized the face of remittances ,making it seamless and customer friendly

  • New Delhi - Amid new layoffs each passing day, the evenings at Dubai's Jebel Ali labour camps, home to thousands of South Asian workers, are fraught with economic uncertainty and gloom. Half a dozen migrants gathered recently at a flat to comfort Indian construction worker Sunam Mallaiah, who had just lost his job. Unsure of their own livelihoods, the men were unable to offer words of hope. Mallaiah went into debt and sold his land in the southern state of Andhra Pradesh to raise 150,000 rupees (3,090 dollars) for a recruitment agent to get him work in Dubai, one of the seven states of the United Arab Emirates. Merely weeks into his 1,600 dirhams-a-month (436-dollars-a-month) job, the 30-year-old's dreams of a better life for his wife and child back home have faded away. With the building boom going bust after the global economic downturn hit the region, older workers like Bangladeshi Shahjehan Alam are worried about their friend. 'He is mostly quiet, troubled about how to return home with debt and an empty pocket,' Alam said in a telephone interview. 'We fear he might commit suicide.' India's Overseas Affairs Ministry insists the situation is not alarming, but reports of job losses and wage cuts have been pouring in from the United Arab Emirates and Bahrain, which have been hit by a combination of a slump in oil prices and a downturn in the construction, real estate and tourism sectors because of the global slowdown. There are 1.8 million Indians in the United Arab Emirates and 400,000 in Bahrain, accounting for about half the 5 million Indian workers and managers in the Gulf region. Indians have been affected to a lesser extent in other Gulf countries such as Kuwait, Oman, Qatar and Saudi Arabia. Although there are no exact figures, the Indian consulate in Dubai has said construction firms there had bulk-booked planes next month to fly 20,000 to 30,000 workers back home on long leave or to redeploy them on projects in other Gulf nations like Qatar. According to unofficial estimates, Andhra Pradesh has seen thousands returning to their homes in the northern Telangana region over the past few months while Kerala, another southern state that sends huge numbers of workers abroad, is reporting 150 returns a week. White-collar Indian professionals and technicians are facing the axe too. The spate of job losses is mostly in the financial and banking sectors and hotels. Those in sales and marketing are also regarded as dispensable. 'Four of my friends from the finance sector and hotels were fired overnight from their jobs though they were very good professionals,' an Indian executive with Emirates International Telecom said. 'With several firms going in for cost-cutting, people are being hired at lower wages. Others are forced to return as their salaries do not support their stay anymore.' 'Till 2008, the Gulf was witnessing realty and construction booms and attracted workers in droves,' KV Shamsuddin, who heads an Indian welfare organization in Dubai, said by telephone. 'But now, 260 billion dollars worth of real estate projects are reported to have been delayed or shelved in the UAE.' According to workers, property giants like Nakheel, Damac, Emaar Properties PJSC and al-Shafar have laid off thousands of workers over the past few months. 'Some companies have sent them back on leave without pay while a few even use the lottery system for terminating services,' Alam said. Concerned that a wave of redundancies could translate into a crisis, the Indian government is keeping a close watch. But although the situation is dire for the overseas workers, the lack of jobs in the Gulf is not expected to have a major effect on the Indian economy overall, Overseas Affairs Ministry spokesman Akshay Rout said. Indians, comprising 38 per cent of the 13 million expatriates in six Gulf countries, contribute more than one-fifth of India's total overseas remittances, which constitute 3 per cent of the country's gross domestic product. Migration to the Gulf region, which employs the largest number of Indians outside the country, has helped countless thousands of Indian families avoid poverty in the past decade. Remittances have driven construction, tourism and education in states like Kerala and Andhra Pradesh. 'Layoffs, especially in the construction sector, are likely to have serious economic repercussions for households in India as many depend on remittances,' said Avijit Nanda, president of TimesofMoney, a leading Indian online payment-service provider. 'Since January, there have been appeals by the diaspora for financial help and starting rehabilitation and re-employment schemes,' an Overseas Affairs Ministry official said on the condition of anonymity.

  • Times Card, India’s first co-branded entertainment credit card from TimesofMoney and Barclays has announced an exclusive Valentines Day Offer for all its customers. This offer ensures saving on every spend for the card members across movies, dining, shopping, body ,beauty and holiday destinations.
    Highlights of the Offer:
    •Discounts are offered in five Consortiums-namely Entertainment, Culinary, Shopping, Beauty & Health and Travel.
    •Entertainment:
    Exclusive Tie-up with Multiplexes across the town to offer 25% flat discount on latest Movies (Anytime, Any movie)
    •Dining :
    Times Card offers 15-20% discount at all famous eateries like Mumbai:Maroosh , Diva Maharashtra , Goa Portuguese Bangalore: Oriental Blossom, Ruby Tuesday
    •Shopping:
    Times Card offers discounts on Stand alone retail chains like : - Mumbai:Freedom Fashion, Collezioni Moda - Gini and Jony and Palm Tree all over India. -Delhi : H2O Plus, Blue Oyster.
    Beauty & Health:
    Discounts on Beauty & Wellness Outlets like Jawed Habib& Cher Hair & Beauty Lounge.
    •Travel :
    Discounts on Hotels & Resorts like Hotel Hard Rock, Ramee Group Of Hotels. Please log on to: www.timescard.com ,for more information Google Trends shows that search volume started soaring as of Feb. 1 and it will continue to surge right up until Feb. 14. But the proceeds are not just limited to retailers of chocolate and flowers. There are plenty of opportunities for innovative giftings.Courtsey:Google Trends . Current Shopping Trends : During recession ,in effort to economise, people were also searching for vouchers 35 per cent more this year than last, as well as budget meals, which have grown in terms of search frequency by 53 per cent. Google Trends shows that shopping volume during valentines season started soaring as of Feb. 1 and it will continue to surge right up until Feb. 14. But the proceeds are not just limited to retailers of chocolate and flowers. There are plenty of opportunities for innovative gift shopping . Top gifting trends this season Gifts are an expression of mutual love and affection. They add an extra flavor to the festivities. The year end festive season witnessed a change in the gifting trend. Gifts, this year are more utility based and depend on the functional value to the user. Compared to last year where top gift categories were accessories and cosmetics the trend this year is more towards spa /holiday packages and electronic gadgets. Top ten gift categories this season are: Mobile phones and electronic gadgets, holiday/Spa packages, gift vouchers, Apparels, Cosmetic packages, chocolates, cakes & cookies and watches.
    Times Card:
    Times Card is the first entertainment Credit Card of its kind in India. It offers exclusive discounts across blockbuster movie premieres, rocking live concerts, celebrity parties and a whole new experience of entertainment. Times Card is weaved along the 5 C's of Convenience, Comfort, Care, Cohesive and Comprehensive. Times Card aims to provide the card members a powerful option to do more with the same spends through the various offers and discounts across a large number of merchants spread across movies, dining, shopping, body and beauty and holiday destinations.

10th February, Hindu Business Line, Gulf Remittance
  • Entertainment credit card from TimesofMoney and Barclays - Times Card - is providing a unique proposition for movie buffs. It offers 25% discount on movie tickets -anytime, any movie, any day. This discount can be availed at multiplexes like Fame Adlabs, Fun Cinemas, and Cinemax across the city. Card holders get to watch a movie at 3/4th of its cost. With the purchase of a couple of movie tickets, the cardholder earns discount. All a customer needs to do is; check the theatre details at www.timescard.com and book the tickets at the counter to avail the discount. Along with this discount offer, Times Cardholders are also eligible for special discounts on the latest movie blockbuster releases, concerts, high profile shows, top brand apparels, footwear, furniture, holiday resorts, weekend destinations and special packages, beauty salons, spas, fitness centers, health clinics, dance academies and many more.

7th January,Economic Times, "Eastern Union:NRIs remit record $14b in Q2."
  • REMIT2INDIA, INDIA’S leading online remittance portal, organised NRI family day, a meet for NRIs and their families at St Antonio D Silva School, Dadar, Mumbai on December 21, 2008. The event had a healthy attendance with more than 1000 NRIs and their families. The event was testimony to the euphoria NRI families’ back home could garner. The event was aimed at celebrating the bond Remit2India shares with its NRI customers and their families and to reinforce the magic by striking an emotional chord. It also offered an excellent opportunity to vendors to interact with thousands of potential customers at a personal level. NRI Family Day presented a range of options from entertainment and lifestyle interests to its guests. There were four zones put up, which offered the guests with delicious food, free health check-up, free eye check-up, free astrology advice and the likes. At the health zone, an expert from Asian Heart Institute explained the health concerns for the middle aged, their food habits and advisable exercises. More than 400 people got their free health check ups done and attended the fitness and yoga session. The investment zone provided financial advisory to the audience through stalls by insurance, mutual funds houses and property developers. The experts from ArthaMoney, ING Vysya and Times Card helped them with their queries on how they can maximise their returns from investments apart from innovative financial product offerings. Speakers from Croma, Lodha Builders, Tata Housing and ING also discussed their product offerings and the benefits they hold for the NRI and their beneficiaries in India. The entertainment zone had laughter therapy show by stand-up comedian from television, music, astrology etc for the audience. There were hosts of cultural programmes like comedy shows and games. The Radio Jockeys (RJs) from Radio Mirchi also charmed the audience throughout the evening with regular games and music. The participants were also given free vouchers from Country Club and Travel port. Stalls like free mehendi and tattoo had a turnout of more than 200 people. The participants got their horoscopes by Bejan Daruwalla. Lastly, the connect zone had Remit2India and Window2India brands present. The Remit2India booth on one hand, clarified queries adeptly regarding the money transfer process, while handing out mementoes to the customers. The crowd continued to pour till late in the evening. The fun filled evening finally came to an end with a raffle draw worth rupees two lakh. This initiative was taken by Remit2India, remittance arm of TimesofMoney group to establish a connect with the beneficiaries of the money remitted by NRIs. It also gave an opportunity to families of NRIs to address their concerns regarding the brand and their expectations from it. "The event has been a resounding success and we are delighted with the overwhelming response. We hope to recreate similar success in other cities as well," said official spokesperson, Remit2India.com.