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TimesofMoney's Press Release Archive - Press Releases 2007
  • MANILA, November 7 - The Philippines will now see the advent of a brand new online money transfer service provider – Remit2Home.com, which offers the safe, fast and most affordable way to transfer money from the US to the country. With remittance receipts of over US$14 billion annually from over nine million Overseas Filipino Workers (OFWs), the Philippines is the primary target corridor for Remit2Home. Inquirer.net, the leading Philippine media conglomerate, is Remit2Home's channel partner in expanding the service to reach Filipino communities in different countries.As a community, OFWs, mirror the profile of NRIs, with software professionals, professors and doctors being in the US, while blue collared workers being centered in locations such as Gulf and Asia Pacific.OFWs sending money to their relatives in the Philippines through Remit2home can direct their deposits to receiver accounts in 37 banks, among them ABN Amro Bank, Allied Banking, Banco de Oro, BPI, Bank of China, Bank of Tokyo, China Banking Corp, Deutsche Bank, DBP, Equitable PCIBank, HSBC, Land Bank of the Philippines, Metrobank, PNB, RCBC, Standard Chartered Bank, Union Bank, UCPB. Mr. Suresh Rangarajan, President, TimesofMoney 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." Remit2Home shall enable multiple modes of sending and receiving money. Customers can send money using their existing bank account and credit card in the US. Their receivers can get money directly into their bank accounts; pick up cash from local branches or as cash delivered right to their doorsteps. Citi will provide the banking backbone and fund transfer processing.The customer just needs to register once, and for free, with Remit2Home.com, provide his US bank details and receiver details, and enter the amount he wishes to send home in US dollars. The transaction booking process is a simple 3-click process. The time taken to deliver the funds, from the time the transaction is booked, is three working days. There is a tiered fee structure based on the amount sent and exchange rates are competitive. There is a one-time mandatory account verification done to ensure that the registered user is the bonafide holder of the account registered. Once, the account is verified, the customer's account registered with Remit2Home is activated and can be used for transactional purposes. TimesofMoney, the leading financial services provider of India recently launched Remit2Home.com, the revolutionary global money transfer service. Remit2Home.com marks the foray of TimesofMoney in becoming a truly global player. Currently, the service shall be available for the United States as a sending country and the Philippines, Bangladesh, Sri Lanka & Kenya as destination countries. Globally, remittances are over $250 billion, with India, China, Mexico and Philippines as the leading remittance receipt countries. While globally, money transfers are routed through bank transfers, dollar checks and money transfer agents, new age channels like Internet are coming of age and increasingly becoming the preferred mode. For more information log on to www.remit2home.com
  • TimesofMoney, India's leading financial services company recently launched Window2India – a unique ecommerce and services portal for NRIs worldwide. Window2India, the latest offering caters exclusively to NRIs and is positioned to be a symbolic window into India. Window2India is envisioned to be the exclusive one-stop portal for overseas Indians, helping them reconnect and bond with their homeland. The service is a comprehensive web portal with exclusive NRI content, a facility for NRIs to send gifts to their loved ones in India and also shop online. Launched with an engaging viral, Window2India has seen a great response from customers and industry alike. Window2India also recently joined hands with the gulf giant, UAE Exchange to provide offline gifting solutions for gulf based NRIs. NRIs can make their choice from a plethora of gifting products: HealthCare Packages from renowned Health care providers, Gift vouchers from leading brands, Photo gifts, Flowers, Jewelry, Home & Lifestyle, Books, Home appliances to name a few. While, the Photo Gifting service provides the NRI the option of sending professional quality digital photos or photos printed on T-shirts, Greeting cards and Calendars. Suresh Rangarajan, President, TimesofMoney, said, "Our mission is to provide a one-stop shop catering to the NRIs worldwide. With the launch of the portal, sending gifts to India couldn't get any simpler. Moreover, we have a complete spread of parental healthcare packages that NRI children can avail of. Window2India is about the experience of being close to home no matter how far."
  • The two big names in the industry have shaken hands! TimesofMoney has recently signed an agreement with UAE Exchange to offer unique gifting services for NRIs in the Gulf under the brand-name ‘Window2India'. NRIs would now be able to walk into any of the wide-networked branches of UAE Exchange and pay for gifts to their loved ones in India. Window2India is positioned to be an encompassing NRI Services portal with an offline presence. With this service, the customer could walk into any UAE Exchange branch, browse through the Window2India catalogue and make the booking. A wide range of product categories are offered for this service, including health care, gift vouchers, flowers, jewelry, and electronics. A timely delivery is ensured once the order is placed. Dr. B. R. Shetty, MD & CEO, UAE Exchange, said, "We are highly optimistic about our alliance with TimesofMoney as it would help us in adding value to our relationship with our customers by expanding our service offerings to them. There is an increasing need for NRIs to communicate and express to their people in India, and so we see a huge market for offline gifting services. We are happy to have found an ideal partner in TimesofMoney." Of the 22 million global Non-Resident Indians, 4 million are in the Gulf region alone. NRIs face a constant urge to communicate and connect with family and keep in touch with news related to India and constantly explore investment opportunities such as property, mutual funds, and deposits. NRIs regularly scour channels for convenient shopping and avenues to send gifts to their loved ones in India. TimesofMoney, the country's leading financial services provider has joined hands with UAE Exchange to offer an integrated window to address these needs of the NRI fraternity, thereby providing added value to the customer. For Release Across TOI & ET Print & Online, & Other Publications For Release Across Gulf Media Through UAE Exchange
  • Remit2India awarded 'Savile Row Brand Leadership Award' at Asia Brand Congress 2007 - Excellence in Innovative Product and Marketing Strategy Remit2India was conferred the prestigious 'Savile Row Brand Leadership Award' for Innovative Product and Marketing Strategy at the Asia Brand Congress 2007. At a glittering ceremony attended by industry's top honchos, Suresh Rangarajan , President, TimesofMoney, received the award on behalf of the organisation. The award recognizes organisations & brands that have attained the leadership position through its competitive edge, product quality and brand strategies . On receiving the award, Suresh who was earlier conferred the ‘HR Excellence' award said, "I am extremely proud that Remit2India has won 'Savile Row Brand Leadership Award'. Remit2India has emerged as the undisputed leader and the preferred choice of lakhs of NRIs. The efforts of a passionate and driven team have made this possible." Remit2India NRI Services is the global online financial service provider of TimesofMoney. With a presence in over 23 countries and the distinction of having the widest delivery network in India, Remit2India provides an entire gamut of investment opportunities to the NRI and couples it with the convenience of providing a seamless web-enabled platform.
  • Mumbai 6 August 2007, In a world where new cars are launched every second day and test drives are de rigueur, Remit2India.com presents a test drive with a difference. For one, it is not a car that customers are testing; it is the world's No. 1 money transfer portal for NRIs. And more importantly, Remit2India is offering its new customers a guaranteed cash prize for "test driving" the service.

    Starting August 1, 2007, Remit2India is offering each of its new customers from the US, Australia and UK, cash prizes for registering for the service and sending money to India. A customer stands to win US$ 25 – guaranteed – if (s)he registers and sends money to India. There are no slogans to complete, no lucky draws to enter into – just guaranteed cash prizes. With every customer standing to win, this is truly a test drive to remember!

    "This is truly a promotion with a difference because everyone wins - and wins big! Remit2India has always believed in providing innovative solutions to customers, be it completely online overnight transfers, superior exchange rates or even our unique Money Insurance program. With this promotion, we're only putting our money where our mouth is", commented the official spokesperson, Remit2India.com.

    The Remit2India Test Drive promotion is a limited period offer, ending on August 31, 2007. For more information, please log on to www.remit2india.com .
  • 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."
  • Bay Area Telugu Association (BATA) celebrated the Sixth Annual Ugadi Telugu Mela and Youth Talent Show on March 24 th at Sunnyvale Temple, California celebrating the "Sarvajit nama samvatsaram". Sponsors included Remit2India.com, Ravi Tax Preparation Services and BharatFamily.com amongst others. The event was a huge success and drew a crowd of over 2000 people. The Youth Talent Show has been consistently providing a platform for youth of Telugu origin living in the Bay Area to showcase their talents in music, dance and other fields. This year saw more than 90 entries with over 250 children across categories. It was indeed memorable to see tiny tots singing classical and popular movie songs, playing musical instruments and dancing in front of a large gathering. The hall was well decorated and adorned with traditional telugu toranalu and mango leaves leaving the audience with a distinct impression of celebrating Ugadi in Andhra Pradesh. Several vendors such as Remit2India NRI Services, tax services, real estate promotors, telugu TV channels, boutiques, mehendi etc were setup at the Mela and drew a huge crowd. The finale was set to some fast foot tapping hits from recent movies leaving the audience clamoring for more. BATA has always been at the forefront of working on social and developmental projects since its inception. BATA announced a new social development project "Continuing College Education" on the auspicious occasion of "Ugadi". This would enable economically unaffordable girl students an opportunity to pursue further education.
  • It might sound like a perfect script for a Camera commercial, but is actually the ‘Photo-clock' promotion, unveiled recently by Remit2India. NRIs can now gift their families in India, a classic timepiece, personalized with the photograph of their loved ones. The gift is unique and exclusive since no two pieces are alike. The gift is the perfect solution for NRIs to reconnect with their families, since it encompasses timeless memories and special moments. Moreover, the gift is sent absolutely free of cost for each and every money transfer. The table clock is an attractive time-piece, bearing the dial with the photograph as a background. Each clock is customized with the same photograph uploaded by each customer on Remit2India system. All a customer needs to do is, register with Remit2India, provide his bank account details and book a money transfer. Subject to minimum amounts sent, each customer is eligible for the Free Gift under the ‘photo-clock' promotion. The customer can then proceed to uploading his favorite photograph and provide the shipping details in India, where the clock can be delivered. Remit2India, along with processing the money transfer, shall deliver the clock to the doorstep of the designated recipient. The process is so simple and user friendly, that the customer can even visit the website and upload the photograph at his own convenience. "There is nothing more timeless and precious as photographs of loved ones. It is this key emotion that we have attempted to embody in our latest offering. We are confident the photo-clock promotion shall be a huge delight for our customers", commented the official spokesperson, Remit2India.com. About Remit2India.com Remit2India.com , the flagship brand of TimesofMoney.com, is the global one stop destination for money transfers for NRIs across the world. Remit2India.com is the only portal to be adjudged the "World's No. 1 Independent Online Money Transfer Portal for NRIs" by ACNielsen ORG Marg. With presence in over 23 countries and serving lakhs of NRI customers, Remit2India is a noted success in the world of web-based money transfers.