Mumbai, July 19, 2010: Standard Chartered launches online remittance facility

• Standard Chartered Bank, India's largest international bank, today announced the launch of its online remittance service, Transfer2Home, as part of its NRI services offering. The service will enable customers to transfer money to India from USA, UK, UAE, Singapore, Hong Kong and Bahrain.

  Standard Chartered has tied up with TimesofMoney in order to service customers in United Kingdom, United Arab Emirates, Singapore, Hong Kong and Bahrain. TimesofMoney is a leading payments service provider, which serves various financial institutions offering them money transfer service. Its Private Label Remittance Service caters to the global cross-border money transfer industry. Its industry standard platform provides transaction processing which is fully compliant with payment norms suiting regulatory framework in several countries worldwide.

  The Bank has also entered into a strategic arrangement with BNY Mellon for providing Automated Clearing House (ACH) based remittance service from the United States. BNY Mellon is the global leader in asset management and securities servicing. BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives, helping clients make payments, optimize cash flow, and manage liquidity more efficiently around the world in more than 100 currencies.

  Commenting on the launch,Shyam Srinivasan, Country Head Consumer Banking, India said, "India is the top remittance receiver in the world and remittance through the online channel is growing at an incredible pace. Hence, it is imperative that we establish our presence in this sphere. Transfer2Home will be a key enabler for our NRI banking business and is a big step forward in further strengthening our NRI banking proposition". Transfer2Home will enable customers to send money directly into accounts of the beneficiaries. This service also marks Standard Chartered Bank's foray into the fast growing online remittance business Standard Chartered Bank in India.

  Speaking on the association with Standard Chartered Bank, Avijit Nanda, President, TimesofMoney Ltd said, "We are extremely happy to extend our services to Standard Chartered bank. With our expertise in the field of online money transfers, we hope to provide unmatched experience to their NRI customers. Along with our transparent and secure transaction system,we wish Standard Chartered Bank's Transfer2Home services the very best to scale to new heights.

Mumbai; 21st May, 2010: India sees more dollars coming in with a weaker Rupee!

• The weaker Rupee has become the cause for a surge in inward dollar remittance sent by NRIs from the US. Yesterday the US $ reached an exchange rate of Rs. 46.59* against the rupee and this has enabled a lot of NRIs to send money back home in India.

  Remittance inflow from the US has increased by a whopping 37% in the first 20 days of this month when compared to the previous month. This reinstates the fact that the weaker rupee has indeed caught the fancy of NRIs in the US.

  "The recent surge of the dollar against the rupee has been extreme. We have seen a spike in our numbers, both on transactions and volume especially in the past few days. Also a noticeable factor that has come forward over the past few days is that the average remittance amount by individuals has been upwards of US$ 10,000, which is substantially more than our monthly average" said Avijit Nanda, President, TimesofMoney. He also added, "We feel that this trend will only improve over the next few days and we expect more inflows to come into India."

Mumbai, 21st April, 2010: Remit2India sole sponsor for IPL semis, finals on YouTube in US

• All the action and excitement of the Indian Premier League (IPL) Season III will be streamed onto the computer screens of cricket fans across the US on YouTube in association with Remit2India, which announces its official partnership with the popular video-streaming website today.

  Remit2India, India's leading online remittance service, will be the sole sponsor for the US feed of the Indian Premier League (IPL) Season III on YouTube, which will broadcast all the action of the final four matches of the season. The semi-finals, third place playoff and IPL final matches can be viewed by cricket fans across the US for free via the official IPL Channel on YouTube (www.youtube.com/ipl) with sponsorship from Remit2India. This is the first time that YouTube will stream a mega sporting event like IPL 2010 in United States.

  Speaking on the occasion, Mr. Avijit Nanda, President, TimesofMoney, said "Cricket is a religion for many, not just in India, but across the globe. By partnering with YouTube for streaming of IPL semis and finals across US, we will be able to bring cricket fans closer to the action in India. Remit2India has always endeavoured to become the mainstay for the global NRI community by being a part of such path-breaking initiatives."

  YouTube's IPL channel has received more than 40 million views so far for the league matches from almost every country in the world. The US is second only to India in total views for the IPL Channel on YouTube

10th March, 2010: Get more with Remit2India's 'March Money Mania'. Assured benefits, daily and weekly sweepstakes to be won

• Remit2India launches an exciting offer for its existing and new customers the "March Money Mania". This offer assures cash incentive on every transaction. In addition to this customers can win daily and weekly prizes through sweepstakes. Along with the offer, Remit2India also introduces an interactive tool the "Cash-o-Meter". This tool helps existing and new customers calculate the amount that they will receive for every dollar sent.

  Elaborating on Remit2India's "March Money Mania", Mr. Avijit Nanda, President, TimesofMoney said, "We understand the value of every rupee and thus realise its importance. With this thought in mind, we have introduced the 'March Money Mania', which not only offers competitive exchange rates but also adds a little more to every transaction made by our customers. We see this as a huge avenue to increase our existing base by attracting new customers to Remit2India. This is in line with our objective this year to offer innovative offers to our customers and enrich every experience of theirs with Remit2India."

19th January: Win a luxury car and 5 small cars with Remit2India Cash and Car offer

• Remit2India unveils its unique Cash and Car offer for NRIs, a first of its kind offer to be provided by any money transfer provider. Customers stand to win a brand new luxury car and 5 small cars amongst a host of assured prizes, on remittance of money through Remit2India.com.
  
  In the biggest sweepstake offer to be launched by an online remittance service provider, Remit2India, the world's no.1 independent online money transfer service, launches its Remit2India Cash and Car offer for Non Resident Indians (NRIs). In the first blockbuster offer of this New Year any NRI customer gets a chance to win a brand new luxury car, 5 small cars and an assured gift for sending money to friends and relatives back in India for a limited period only.
  
  By participating in Remit2India 'Cash and Car' offer:
  • All new customers will receive US$10, added to their transfers on their 1st transaction.
  • Existing customers will receive US$15 gift voucher (GV) for the 1st transaction in the promo period.
  • All eligible customers automatically qualify for the bumper prize of one Maruti Suzuki SX4 and five Maruti Altos via sweepstake.
  
  NRI customers can participate in the Remit2India 'Cash and Car' offer by visiting Remit2India's website at www.remit2india.com. The winners will be announced on the website and intimated via mail at the end of the offer period. The bumper prizes will be delivered to the customer's relatives in India while gift vouchers (e-vouchers) can be redeemed from anywhere in the world.
  
  Elaborating on the Remit2india 'Cash and Car' offer Mr. Avijit Nanda, President TimesofMoney said, "this New Year, we would like to spread cheer amongst our customers and hence we thought of this exciting offer. Being the leader in online remittance services category, we are happy to bring another first of its kind offer wherein NRI customers get a chance to win a brand new luxury car, 5 small cars and a host of exciting prizes. Remit2India's Cash and Car offer is the first amongst many exciting offers and initiatives planned for our NRI customers in 2010."