21st June,Times of India:
TimesofMoney, Indian Bank tie up for remittance
solution
9th June, Chennai Bureau: IOB
ties up with TimesofMoney
23rd May, Business Line: Union
Bank launches Web-based remittance scheme for NRIs in US
UNION Bank of India has launched `Union
e-Remit,' a Web-based remittance scheme powered by `Times of
Money,' for remittance of funds from the US to any location
in India.
The service, available on the bank's Web site,
www.unionbankofindia.com, enables non-resident Indians in
the US to send money directly out of their bank account in
the US to any beneficiary in India within four days, said a
press release. The money is either directly credited to the
beneficiary's account or a demand draft is hand delivered at
the given address in over 1,500 towns across the country.
Apart from this, the customers can call a Toll-Free number
managed by Times of Money, to track their transactions, the
release said. Times of Money provides the technology,
operations and customer service platform for the scheme
while the Bank of New York provides the correspondent
banking facilities. Union Bank is in the process of tying up
for such Web-based services from other countries from where
sizable remittances are received, the release said quoting
Mr V. Leeladhar, the bank's Chairman and Managing Director.
The global remittance business is a product will enhance the
bank's fee-based income, said the release, quoting Mr K.
Rathnakar Hegde, Executive Director.
26th Mar, Times of India: HDFC
Bank launches Quickremit powered by TimesofMoney
NEW DELHI: HDFC Bank, one of India's
leading private sector banks, has launched Quickremit, a
unique online service that enables NRIs in the US to send
money to their relatives in India from the comfort of their
home.
The technology, operations and 24-hour customer
service platform for Quickremit is powered by
Timesofmoney.com, a subsidiary of Indiatimes.com.
Quickremit, available on HDFC Bank's website, allows
senders in the US to transfer money from any bank account in
the US to an HDFC Bank account in India online, in just 3
working days. It offers end-to-end tracking of money, along
with round-the-clock customer support.
The sender needs
to register for Quickremit, add details of his bank in the
US, besides details of the receiver's account with HDFC Bank
in India and place an online remittance order. The service
was formally launched by Vineet Jain, managing director of
the Times Group, and Aditya Puri, managing director of HDFC
Bank. Speaking at the launch, Puri said: "The launch of this
service will enable HDFC Bank customers to get money from
the US much faster, through a more secure medium and at a
much lower cost."
In his comment, Jain said: "It is our
constant endeavour to offer Internet based end-to-end
solutions to banks across the globe. The launch of
Quickremit further strengthens our long standing
relationship with HDFC Bank."
For more information on
Quickremit, please log on to the NRI Services at
www.hdfcbank.com.
