TimesofMoney Times Group
Media Kit
Key Speaker Profile
Picture Gallery
Video Gallery
Press Release
2011
Archives
2010
2009
2008
2007
2006
2005
2004
 
News Room
TimesofMoney's Press Release Archive - Press Releases 2011
 
  •  
    Known for its famous Biryani, Karachi biscuits and Irani chai, the city of Nawabs witnessed a spectacular evening of fun and entertainment at the NRI Family Day organized by Remit2India.

    Remit2India, that serves over a million NRIs worldwide with its online money transfer service, recently gave 800 of its NRI families and friends in Hyderabad a true royal treatment. Aptly timed with the festive season when NRIs visit their families back home, the NRI Family Day was organized as part of an ongoing celebration of Remit2India completing 10 years of service. This event follows the success of other similar events held around the country this year.

    The Park Hyderabad played host to the evening that witnessed breathtaking live performances, music, games and entertainment which enthralled the audiences. The event presented a variety of treats ranging from entertainment to sumptuous food. There were interactive fun sessions with the host; engagement stalls like tattoo, tarot card, photo corner, kids zone, health & wellness zone and plenty of freebies tallied the entire checklist of a fun filled day anyone could have asked for.

    Speaking on this occasion, Mr. Avijit Nanda- President, TimesofMoney said, "We are delighted with the overwhelming response we have received for the Remit2India NRI Family Day in Hyderabad. This event allowed us to thank our customers and their families and we hope to continue taking this across to more cities throughout India." Key partners for the event included DCB Bank, LIC, Renault Hyderabad, S&S Green Projects Pvt. Ltd., Aditya Housing & Infrastructure Development Corporation Pvt. Ltd., Yashoda Hospital, VLCC, Leonia Resorts and Clear Vision.
  •  
    The first decade of 21st century has been an eventful and possibly a watershed period in the Indian economy with consistently high GDP growth, a mobile revolution resulting in over 700 million connections, rapid POS, ATM and branch expansion, the establishment of ecommerce and the penetration of plastic in millions of wallets across the country.India’s economic expansion remains the catalyst for the evolution of a large robust electronic payments ecosystem. As services constitute an increasing proportion of the GDP each year, urbanization and industrialization coupled with the all round growth is catalyzing the growth of a middle class estimated to be over 300 million. Studies have indicated that with the current growth trajectory, household incomes could triple over the next two decades making India the world’s 5th-largest consumer economy by 2025, up from 12th now.
    India stands at a very interesting cusp, wherein the seeds appeared to have been sowed for the creation of a dual electronic payment architecture & ecosystem. The first in the classical card based model and the second in the card-less!
    With this preface the 4th Financial Inclusion & Digital Payments Conference organized by the IAMAI took place at Mumbai’s Taj Lands End today and TimesofMoney proudly partnered with it.
    The forum brought together eminent industry players - banks, telecos, solution providers and the regulators themselves sharing their views in what turned out to be an invigorating discussion on the future of digital payments and its hand in shaping India’s financial future. Topics such as financial inclusion, micro-finance, mobile money, interoperability, standardization and convergence of payments took center-stage
    Speaking on this occasion on perhaps what could be coined as the centrifugal point of discussion Avijit Nanda - President, TimesofMoney said "The industry is still in its nascent stage of evolution and with the road map drawn out its looking very exciting. Any industry which commands such a huge potential to change the state of payments is bound to go through some tough stages viz. each operator be it the bank, the telco or independent technology providers are busy laying down their own infrastructure and acquiring customers, the fall out of which is, today a consumer has to undergo various steps (numerous pins/passwords/etc), while fulfilling a simple online/ mobile transaction.
    The regulator playing its role in providing security, easy and simplicity has rightly put forth guideline to protect the interest of the consumer, however the fallout has deprived the customer of a better experience thereby increasing the pains of acceptance of this technology.If all providers can collectively come at a consensus and build and share their infrastructure it will not only ease customer experience but also provide more headroom for each operator” Mr. Nanda also added that standards laid by the regulator should be looked up as a step of aiding the industry in the right direction rather than as an impediment or a roadblock.Having successfully launched an e-payments gateway (viz. DirecPay), which works on the model of aggregation of various banks, debit and credit cards providers to offer merchants seamless integration to accept payments and white label online remittance solutions for banks and non-banks to offer digital payments across geographies Mr. Nanda spoke for customer aimed improvements across the entire eco-system.
  •  
    Online remittances player Timesofmoney plans to nearly double its network to 60 countries this fiscal.
    "We are serving non-resident Indians (NRIs) in 24 countries and serve the diaspora of ten other countries, providing them the opportunity to repatriate money back to their homes," the ten-year-old company's President Avijit Nanda said.
    He added that by March, 2012, the company plans to take the number of countries it serves NRIs in to 40, as well as add ten to the number of countries where it caters to the non-Indian diaspora.
    The company has the necessary tie-ups domestically to help the money reach the final beneficiary, but has to make a new tie-up each time it serves a member of the non-NRI diaspora. It prefers to enter relatively untapped markets that have a sizable Indian diaspora, Nanda said, adding that last year, Indians remitted $55 billion and only 20% of it was through the online medium.
    The company's service, called remit2india, accounts for 60% of the company's revenues, while 30% comes from tie-ups with Indian banks to offer remittance platforms and 10% from the domestic business of merchant acquisition for e-commerce transactions, he said.
    Nanda, however, declined to specify the revenues of the company, since it is a private limited company, limiting himself to saying that it is a profitable venture which has shown a compounded annual growth of 25% in revenues over the past five years.
    When asked about the investment on expansion, he said typically, the company allocates around a quarter of its yearly revenues toward growth investment and that will continue even this year.
    "A majority of the investment goes into marketing and intellectual property creation functions," he said.
    Presently, the biggest chunk of remittances happens through the bank wire transfer route, Nanda said, adding that it is expensive compared to the online medium.
    On the domestic front, Timesofmoney, which belongs to the Times Group, is in talks with American Express, besides Visa and MasterCard, for a payment gateway that will help customers, Nanda said.
  •  
    Remit2India, as part of its endeavour to build a bond with the families of NRIs, recently celebrated another chapter of its 'Remit2India - NRI Family Day' in Bengaluru. Known for being the pioneer in offering an online money transfer service for NRIs, the Remit2India - NRI Family Day was created as an occasion to celebrate & bond with the families who have their loved ones across the globe. Touted as an evening full of fun & entertainment, the event lived up to the hype with over 300 families in attendance. Held at the Palace Grounds in Bengaluru, it included live performances by Indian Idol star Rehan Khan as well as Bollywood actress Smiley Suri.
    Also part of the evening celebrations was a range of activities from free health check-ups, tattoo artists, Tarot card readers, live international video chats etc. The icing on the cake was an elaborate spread of delicacies to suit the different tastes of the family members.
    Speaking at the event, Avijit Nanda, President - TimesofMoney said "Every one of us miss not having our loved ones around. The Remit2India NRI Family Day is our way of trying to bridge the physical distance between the NRI & his family in India. We are overwhelmed with the response & really delighted to see the families having such a wonderful time"
    The event would be extended to other cities. Key partners for the Bengaluru event include Clarks Exotica, Life Insurance Corporation, Mallya Hospital, Volkswagen, Chromozome Network, Jet Airways & Times Card.
  •  
    Believing in the philosophy of engaging with its customers Remit2India, pioneer in online money transfers, has adopted a novel way of reaching out to the Indian disapora by partnering with Indian communities such as the ‘Bruhan Maharashtra Mandal of North America’ (BMM), ‘Telugu Association of North America’ (TANA) and participating in their annual events in US. Associating with these communities provided the opportunity to interact with NRIs who send money back home.
    The BMM and TANA events were held in Chicago and California respectively where a sizable NRI population resides, thereby providing the perfect platform for services such as Remit2India to interact with potential customers. Both events attracted thousands of locals who turned out in large strengths at the venues that showcased their cultural and Indian roots.
    Remit2India's booth at these events gave the audience a flavour of the ease and convenience of its services that NRIs could benefit from when sending money to their home country. This on-ground activity was targeted at effectively connecting, interacting and engaging with the NRI community. Several product demos were conducted and promotion brand collaterals were given out to excite the customers. Commenting on this initiative, Avijit Nanda, President of TimesofMoney said, "We have traditionally followed extensive online marketing activities, but over the last couple of months, we have adopted a more focused approach that allows us to interact with our consumers directly and educate them on transferring money in a safe and secure manner online. Remit2India has always been innovative in interacting with its audience and sharing relevant product information. For these events, we aided our representatives with iPads that allowed us to provide a real time service demo along with a chance for customer to signup for FREE on the spot. The feedback has been very promising and we hope to continue reaching out to our audience in an innovative manner".
  •  
    South Indian Bank has signed a service agreement with TimesofMoney, India's leading e-payments service provider to offer remittance solutions to NRIs in selected countries. This tie up would enable all NRIs across 22 countries, to remit funds online to any bank in India under the NEFT/RTGS network. This service provided by TimesofMoney would ensure all NRIs to get a robust transaction platform along with better pricing, safety and speedy money transfer.
    Speaking on this partnership, Dr. V.A. Joseph MD & CEO, South Indian Bank said, "We have partnered with TimesofMoney to provide NRIs a secure, efficient and cost effective way to send money to their beloved ones back home. With TimesofMoney’s expertise and understanding of the remittance market we hope to provide an unmatched experience to our NRI customers".
    Commenting on the tie up, Mr. Avijit Nanda, President, TimesofMoney said, "We are delighted to partner with South Indian Bank which is one of the prominent banks in South India. As per World Bank report 2010 with 11.3 million emigrants, India ranks as the top remittance receiver in the world estimated at US$ 55 billion p.a. Remittance through the online channel is increasing at an incredible pace. We ensure that we provide a superior user experience to NRIs by helping them send money in a safe and simple manner. South Indian Bank, with its NRI focus combined with our proven expertise in managing online remittances would ensure that the customer gets an excellent platform to send money home to his family."
    NRIs can visit South Indian Bank’s website www.southindianbank.com and click ‘NRI Banking’ to get the link to ‘online money transfer’. This service provides a safe and convenient money transfer experience. However, there is a minimum and maximum limit for money transfers.
  •  
    DCB Bank, the new generation Mumbai based private-sector bank announced a tie-up with TimesofMoney, India’s leading digital payments service provider for a customer friendly online remittance solution for Non Resident Indians (NRIs). This service provided by TimesofMoney would ensure all DCB Bank’s NRI customers get a robust transaction platform along with better pricing, safety and speedy money transfer.
    As part of the DCB Bank’s NRI Banking strategy it has partnered with TimesofMoney to offer an online remittance platform for its customers across the globe. With this partnership, NRIs can use the DCB Bank's website to transfer money online from 23 countries leveraging TimesofMoney’s branded online remittance service. This ensures that DCB Bank’s NRI customers get a state-of-the-art service with faster transaction speed, a secure platform and price advantage by way of lower fee and competitive foreign exchange rates.
    Speaking on the occasion, Mr. Murali M. Natrajan – Managing Director & CEO, DCB Bank said, "The NRI business is a focus area for DCB Bank and remittance is an essential service for NRI banking. TimesofMoney’s online remittance engine offers customers value for money and best in class service as well."
    Commenting on the occasion, Avijit Nanda, President – TimesofMoney said "India is the top remittance receiver in the world estimated at US$ 55 billion p.a. (as per World Bank report 2010) and remittance through the online channel is increasing at an incredible pace. NRIs look for a secure, efficient and cost effective way to send money to their loved ones back home. We ensure that we provide a superior user experience to them by helping them send money in a safe and simple manner. DCB Bank, with its NRI focus combined with our proven expertise in managing online remittances would ensure that the customer gets an excellent platform to send money home to his family."
    Speaking on the tie-up, Mr. Praveen Kutty, Head Retail & SME Banking, DCB Bank said, “DCB Bank’s NRI online remittance tie-up with TimesofMoney provides a safe and seamless platform along with competitive exchange rates. We aim to wow the NRI customer with our superior online service”
  •  
    India’s growth rate is escalating and is on an indefinite rise. Although there are stark disparities, this is an indisputable fact. Also more people today are going abroad for jobs and other motivations. With increasing number of NRIs over the years who invest in the growing Indian market, consumer behavior has evolved.
    In an exclusive conversation with Adgully, Avijit Nanda, President of TimesofMoney dwells about this space and gives an insightful understanding.
    Nanda said, "Consumer behavior has shifted from merely using a remittance channel for family maintenance needs to a wider spectrum such as gifting, real estate investments, etc. TimesofMoney is a digital payment service provider that started in India and today serves a varied clientele in India and abroad. "
    It offers NRIs services such as online remittances, gifting, and property services. In the domestic market it offers e-payments and co-branded cards. Incorporated in 2001, TimesofMoney commenced operations with its brand Remit2India, the online money transfer service for NRIs from the U.S. It further launched the first ACH (Automated Clearing House) based direct debit remittance service in the U.S. Furthermore in 2003, TimesofMoney extended services to NRIs in UK, Europe & Australia. Today Remit2India allows NRI from 23 countries to send money to India. Over the years it has created a mark for itself both with customers as well as the industry by introducing features like direct debits, SMS alerts, transaction insurance, 24×7 support, etc.
    Nanda further added, "In September 2003, TimesofMoney expanded the scope of its operations by creating a white-label remittance engine for other banks and exchange houses to use. This enabled TimesofMoney to offer their technology, operations and service platform to its partners. This move has enabled TimesofMoney to contribute extensively to the field of remittances by empowering other players to extend their remittance service offerings. Key bank partners are Axis Bank, HDFC Bank, Citi Bank, Yes Bank, Etc."
    During the last few years TimesofMoney has diversified into global remittances services with Remit2Home.com, its global online money transfer service. Along with home based products like DirecPay, that acts as a one-stop payment gateway solution that accepts payments from over 72 payment options including credit cards, debit cards, net banking transfers using the Internet, Mobile Phone or an IVR. TimesofMoney also operates co-branded card service 'Times Card' which is in partnership with Barclays, It's an infotainment card that provides discounts and offers across restaurants, movies theatre, apparel stores and others.
    Commenting on the marketing initiatives, Nanda said, "We have traditionally followed extensive marketing activities online. A well-defined and measured matrix is followed to check results of campaigns executed. From modern tools of acquiring to conversion of its in-house managed system to track every movement of the customer life cycle. "
    TimesofMoney also has an in-house customer services call center that not only takes care of customer queries but also serves as active on call sales force. While the business is online, it has also carried out Above the line (ATL) & Below the line (BTL) activities to reach out to its audience. From television, print, radio campaigns to local area catchment activity to participating in India based community shows, TimesofMoney has always been innovative when it comes to acquiring customers which are spread around the world. “Marking its 10th anniversary this year, it institutionalized an award called ‘Remit2India The Light of India Awards’ to recognize and honor the contribution of the Global Indian community,” he explained further.
    TimesofMoney has brands and offerings like Remit2India – facilitates money transfers to India for Non-Resident Indians from around the world, Window2India – exclusive service for Non-Resident Indians, Remit2Home- global money transfer service provider, Times Card- India’s first entertainment credit card service, DirecPay – unique payment gateway service in the e-commerce space of India.
    Nanda then stated, "With a unique challenge of targeting NRIs globally without a physical presence, Remit2India has relied online to reach out to its target audience. With focus approach through carefully learning their behaviors Remit2India has extensively targeted its base through modern modes of search engine optimization (SEO), social media optimization (SMO) and Online advertising through partners and publishers."
    He also added, "However with the NRI community (Remit2India's target audience) being spread across the world its major challenge has been to optimize its marketing spends and acquisition strategies. Not to mention communicating across continents with a non-personal approach in itself is challenging."
    Talking of plans going forward, Nanda said, "We would want to reach out to our audiences more selectively, through our PR efforts constantly educate our customer on the benefits of online money transfer, streamline our operations and customer experience on our site. We also have some exciting new product launches and innovations this FY to enhance our service offerings."
    Remit2India's focus has been to build affinity with its audience, educate the nuances and benefits of online money transfer, participate in industry forums and spread the word.
  •  
    Bill Gates, the richest man in the world, once said " In every one or two decades there comes a technology which changes the way humans carry out their daily lives forever".
    1950's witnessed the advent of television that changed human entertainment forever, 1960's saw the computer that stream-lined work structure and late 1970's Internet changed the way humans communicated, learnt, advertised, conducted business and so on. As a result of this, an important human chore was digitalized, like a number of others. Thus, e-commerce came into the picture with a wide horizon.
    Today, the amount of trade conducted electronically has grown exponentially with increasing access to Internet. Indian eCommerce market reached US$5.04 billion in 2010, up from US$3.97 billion in 2009. Internet users have also grown by 44% in Asia and 22.7% in Europe in the last decade.
    This growth is parallel to the evolution of information and communication technology and the availability of the appropriate Information and Communication Technology (ICT) infrastructure in each nation.
    As the number of Internet users grow, e-commerce is bound to grow. For many developed countries such as US, UK and Europe, e-commerce is the best way to reach new markets with local goods. Just to cite an example, India’s largest (and one of the world's top 5) e-commerce website - Indian Railway Catering and Tourism Corporation (IRCTC) that manages the online rail ticketing for the Indian Railways, has recently gotten into the record books for the largest number of e-commerce transactions daily.
    This indeed speaks volumes on the phenomenal success and the growing importance of e-travel agencies year on year.
    The liberalization of Indian financial sector along with banking sector reforms has exposed the Indian banks to a new economic environment that is characterized by increase competition & new regulatory requirements. As a result, there is transformation in every sphere of activities amongst Indian banks. The new generation banks have led to an increased competition necessary to spearheaded changes towards higher utilization of e-commerce.  The Reserve Bank of India as the central bank of the country has been playing a development role and has taken several initiatives for safe, secure, sound & efficient payment system under the electronic banking environment.
    Realizing the plethora of opportunities available in the banking & finance sector, TimesofMoney, the pioneer in online money transfers, has continuously evolved over the years offering services such as global money transfers, E-payments, co-branded cards and white label solutions, across geographies targeting local and NRI customers.
    For any country, the infrastructural framework - in terms of connectivity, security, reliability and affordability - plays a key role in how quickly the nation can enhance its e-readiness. Positive strides are expected from the governing bodies for smooth implementation and complementing the growth of this sector.
    In a number of other countries, policies and legal framework for IT sector are still in their infancy, but there remains a strong commitment by various heads of government to provide the necessary leadership to make e-commerce a sustainable and more viable option. There is no doubt that e-commerce, which has become a common link connecting businesses all across the world, is here to stay.
    Author of this article is Avijit Nanda, President, TimesofMoney
  •  
    A beautiful evening in New York mirrored the excitement resonating around the first ever Remit2India ‘The Light of India Awards’ 2011 held on 22nd April. The awards were constituted by Remit2India, ranked the world’s #1 online money transfer portal for Non-Resident Indians (NRIs) by AC Nielsen, to recognize exemplary achievements by NRIs in the fields of business leadership, corporate leadership, political leadership, science and technology, journalism and literature and arts and entertainment.
    The event received an overwhelming response, from the who’s who of the South Asian community in New York to special dignitaries and performers from India. The attendance of celebrated personalities like Javed Akhtar, Salman Rushdie, Ajay Banga, Naveen Jain, Vinod Khosla, Harman Baweja, Vivek Kundra, Mukesh Majmudar and Vinod Dham made the night a runaway success.
    Special chief guest, Her Excellency Meera Shankar, the Indian Ambassador to the United States, was honored by legendary Indian film and stage actor Shabana Azmi. Indian musician and singer, Raghav Sachar, wowed the audience with his patriotic tunes while actor and comedian Aasif Mandvi, of The Daily Show with Jon Stewart, entertained the crowd with his anecdotes of being a first generation American-Indian. The venue the iconic Waldorf Astoria Hotel was as grand as the sentiment attached with the award ceremony.
    Speaking on the success of the event Avijit Nanda, President of TimesofMoney, said, "One of the definitions of the word 'Light' in the dictionary is a person who is an outstanding leader, celebrity or luminary – The Light of India Awards is just about that. India is on the path of being a major superpower - and one of the main reasons behind this is our global Indian community. The philosophy of the Times Group has always been to recognize excellence in various fields be it movies, business or beauty. And being a part of the Group’s global arm serving the Indian diaspora, it seemed logical for us to create this platform.”
    Winners were announced in 6 categories ranging from corporate excellence to arts & entertainment. The esteemed Jury comprising of names like Sulaja Firodia Motwani, Javed Akhtar, Priya Paul, Prasoon Joshi, Shiv Khera, Mahesh Dattani, Shabana Azmi, Pranay Gupte and Madhu Trehan chose their winners from each category. In accordance with the Jury Awards, NRIs and Indians across the world voted online to choose their ‘Light of India’ People’s Choice Awards.
    A Special Award called the "Power of Influence" was also created to honor a special person in some of these categories who has influenced his or her field in such a prominent way that it has changed the course of that field.
    The following includes the list of the winners for the Light of India Awards 2011
    LIGHT of INDIA AWARDS 2011 TROPHY WINNERS – JURY AWARDS
    Category Winner
    Corporate Leadership Ajay Banga
    Business Leadership Vinod Khosla
    Political Leadership Ruby Dhalla
    Arts & Entertainment Mira Nair
    Journalism & Literature Chitra Divakaruni
    Science & Technology Vinod Dham
    LIGHT of INDIA AWARDS 2011 TROPHY WINNERS – The People’s Choice Award
    Category Winner
    Corporate Leadership Vikram Pandit
    Business Leadership Naveen Jain
    Political Leadership Swati Dandekar
    Arts & Entertainment Mira Nair
    Journalism & Literature Vikram Seth
    Science & Technology Vinod Dham
    LIGHT of INDIA AWARDS 2011 TROPHY WINNERS – Special Award
    Category Winner
    Journalism & Literature Salman Rushdie
    Science & Technology Narasimha Chari & Shiladitya Sengupta
  •  
    Over the years, the Indian community abroad has contributed significantly not only to their country of residence but also to the Indian economy back home. Worldwide, Indians are recognized as the most valued ethnic community in terms of their intellectual capital. Their efforts in infusing capital, ideas and international practices have also contributed significantly to the Indian economy apart from keeping alive the Indian traditions and culture far and wide.. Indians today have done the country proud through their contribution in various fields like art, science, technology and politics the world over.
    Aptly titled the Light of India Awards, the objective of this platform is to recognize & reward these NRIs who have excelled in their respective domains. Presented by the Amrapali Group, the awards are a unique combination where the winners would be chosen in 2 categories - A Jury of eminent names & also online by the NRIs themselves.
    Covering 6 categories ranging from corporate excellence to arts & entertainment, the Jury comprising of names like Sulaja Firodia Motwani, Javed Akhtar, Priya Paul, Prasoon Joshi, Shiv Khera, Mahesh Dattani, Shabana Azmi, Pranay Gupte and Madhu Trehan who would choose a winner from each category. Simultaneously, NRIs and Indians across the world would be able to vote online on who they choose as their 'Light of India'. The entire process would be validated by KPMG.
    A culmination of the entire voting process is a grand awards event on the 22nd April'11 in New York City. With the Indian Ambassador to the U.S, Ms Meera Shankar, as the Chief Guest, the event would be graced with the presence of some of the biggest names from the NRI community.
    Giving his take on the initiative, Avijit Nanda – President, TimesofMoney, said "NRIs have always been one of the reasons for which India has been shining. Having catered to this community with our Remit2India service, it is only logical for us to create a platform to recognize these shining lights. What is even more unique is that for the first time this community is being recognized by a combination of a distinguished Jury & most importantly, by the very members of this community – the NRIs."
    Commenting on the platform, Mr. Anil Kumar Sharma, Chairman – Amrapali Group said "We are extremely delighted to be a part of this commendable endeavour. Its great to see Indians succeeding across the globe and get recognized through this initiative. It also fits in perfectly with our philosophy of 'Developing India' as NRIs are key contributors to our nation's success & development."
    The other key partners to the event include Sony Entertainment Television as the Exclusive Television Partner, Etihad Airways as the International Travel Partner, TimesofIndia.com as the online partner & Comcast as the Associate Partner.
  •  
    Over 1,000 NRI family members and friends came together on Sunday April 10, 2011 at Intercontinental The Lalit, Mumbai to attend a dazzling event organized by Remit2India, the leading online money transfer service. The most exciting party began with a breathtaking performance by the core team of the most popular dance show of the country- Dance India Dance. Artists from across the globe along with SareGaMa finalist Yashita Sharma and Fame X talent Rehan Khan added the extra gusto along with the ostentation required to make the evening truly spectacular!
    Remit2India, which recently completed its 10 glorious year in the industry, set up this NRI Family day that aimed at celebrating the bond the brand shares with its NRI customers and their families. The event also offered an excellent opportunity for vendors to interact with thousands of potential customers at a personal level by displaying their umpteen stalls, desi food and ethnic merchandise.
    An engaging evening filled with entertainment and excitement like live performances by upcoming talents, Comedy acts, Music & Dance gigs and interactive fun sessions with the host; engagement stalls like tattoo, Tarot card, Palmistry, Photo sessions, karaoke, kids zone, health & wellness zone, freebies added up the entire check list of a fun filled day, anyone could have possibly asked for.
    A host of treats ranging from entertainment and lifestyle interests including extravagant food court, free health check-ups, etc. were lined up for the splendid evening. With all the band baaja and gana bajana the families acted as the baratis and the euphoria created was simply ‘out of this world’s
    Commenting on this unique initiative Mr. Avijit Nanda, President, TimesofMoney said, “We are ecstatic with the overwhelming response that we have been receiving for the NRI Family Day over the years. Through this event we attempt to connect and bridge the gap between NRIs and their family members. We hope to recreate similar success in various cities going forward. My gratitude to all the NRIs across the globe and their families for providing Remit2India an opportunity to serve them in all their money transfer needs’’
    This was a day that the NRIs in Mumbai along with their families would cherish for long.
    The key partners for the event include Raj Travels, LIC, Asian Heart, Apex Honda and Chenny Kum
  • Lakshmi Vilas Bank (LVB), a private sector bank has entered into an agreement with TimesofMoney,India’s leading digital payments specialist to launch LVB India Remit, a remittance facility to India from 23 countries in nine currencies.This is an online remittance facility where non-resident Indians can register on the bank's website by providing elementary details including the senders and receivers’ bank account number, swift code and other financial details.
    Commenting on this latest tie-up, Avijit Nanda, President – TimesofMoney said, "We are extremely pleased to extend our services to Lakshmi Vilas Bank which will help us strengthen our reach in Southern India. The launch of LVB India Remit will enable all their customers to transfer money from the 23 countries through a safer, faster and transparent medium."
    Speaking on this occasion, PR Somasundaram, MD & CEO, Lakshmi Vilas Bank, said "Our aim is to extend the range of services, whereby customers enjoy a distinct advantage in terms of mobility across geographies and the convenience of anywhere, anytime banking. The registration for the entire process is simple and our customers receive email updates at every step of the process."
    The remittance will be converted into Indian rupees and credited to the beneficiary’s account in India through the listed bankers of TimesofMoney. The agreement covers various countries in Europe as well as United States of America, Australia, Japan, Singapore, Hong Kong and UAE.
    Credits can be made to NRO / NRE accounts including a host of other financial transactions which include remittances to school, colleges, hostel as well as payments for life or non-life insurance premium and farm investments.
  •  
    Longevity in the Internet space has always been a challenge for most ventures, especially the Indian ones. There are, however, a few prominent exceptions. Remit2India, the flagship brand from TimesofMoney, today announced the completion of 10 glorious years of helping NRIs bringing money safely back home. On achieving this milestone, the company thanked the support and loyalty of all their employees, partners & its ever increasing NRI customer base worldwide.
    Celebrating a decade in this industry, today, Remit2India continues to be a leader in the online remittance space, which in turn is the fastest growing option for NRIs to send money. With a substantial customer base of over a million NRIs across 23 countries, Remit2India has always thrived on being the innovator in this space. Right from introducing first-of-its-kind products like Direct Debits, Remittance Cards, SMS Alerts to getting industry recognitions like Brand Leadership Awards and a recognition of 'World's No.1 Independent Online Money Transfer Portal for NRIs in an AC Nielsen study, Remit2India has become the chosen option for NRIs looking for a safe & trusted option to send money.
    Celebrating 10years is an incredible accomplishment and a true testament to the quality of product & service, vision of our company, employees & most importantly our clients," said Mr. Avijit Nanda President TimesofMoney "There are very few online remittance services today that can claim such stability and legacy.
    Remit2India has become a leader in powering the online world and providing the best technologies for the remittance industry, and as this industry continues to evolve, we continue to look at Remit2India being at the forefront of the industry and bring innovative solutions to the customers for delivering superior value products & services worldwide".
    "We are tremendously proud of the many significant Times Group achievements that have had positive impacts both on the national and global level and in the communities where we live and work", said Mr. Vineet Jain, managing director of Times Group. This celebration of TimesofMoney's 10 years as an institution really is a tribute to all the people who have worked to make TimesofMoney what it is today as well as the NRI community that has been such a supportive partner over those years".
    To mark its celebrations, Remit2India has chosen to reward the people who have helped it become such a huge brand - its customers. All this month, Remit2India is running 'The Perfect 10' offer where apart from the customer getting a guaranteed extra amount per transfer, there are a host of engaging offers based on the theme of '10'. NRIs from all over the world are invited to participate in the offer & join in the festivities. Also there is an assured 3 paise per dollar for every customer apart from the 10 offers.
  •  
    Vijaya Bank, the leading Bangalore based public-sector bank recently tied up with TimesofMoney, India's leading digital payments service provider for a range of customer friendly online solutions.
    As part of its NRI strategy, the Bank has partnered with TimesofMoney to offer an online remittance platform for its customers across the globe. With this partnership, NRIs can use the Vijaya Bank website to transfer money online from 22 countries leveraging TimesofMoney's branded remittance service. This ensures that Vijaya Bank customers get a state-of-the-art service with faster transactions, a secure platform & a price advantage both in terms of the lower fee & the better exchange rate that they get.
    Speaking on the occasion, Albert Tauro, Chairman & Managing Director, Vijaya Bank said: "India is the top receiver of remittances worldwide. Vijaya Bank enjoys huge equity with its NRI customers & it is imperative that as a customer-friendly bank, we offer them the very best in terms of an online platform to send money to their family back in India. Our association with TimesofMoney goes a long way in giving our customers the comfort of using an established & safe way of sending money using the Internet."
    Commenting on the occasion, Avijit Nanda, President - TimesofMoney said "Every year, thousands of Indians go abroad to work on various assignments. Our job is to ensure that we make their need of sending money back to their loved ones a simple & safe process. Vijaya Bank, with its strong brand & customer presence combined with our proven expertise in managing such solutions, ensures that the customer gets an excellent platform to send money home to his family."
    The two organizations also extended their relationship on the domestic front with a tie-up for an online payment gateway solution. With TimesofMoney's payment gateway solution, Vijaya Bank customers will now be able to use their net banking facility to shop on a host of eCommerce portals in India in a safe & seamless manner.
    Speaking on this tie-up, Shubhalakshmi Panse, Executive Director, Vijaya Bank said "This platform is rapidly becoming the chosen way for a lot of customers to make their purchases and remittances. Partnering with TimesofMoney allows our customers to avail of a simple & safe way to use their net banking service to shop across various eCommerce websites. It also gives us the comfort of working with an established player in this segment."

For related information go to www.remit2india.tv / www.remit2india.net.in / www.remit2india-services.com