Standard Chartered Bank has launched its online remittance service Transfer2Home for NRIs.
According to a press release by the bank, using this service the customers will be able to transfer money to India from the US, UK, UAE, Singapore, Hong Kong and Bahrain.
To offer remittance service in these countries bank has tied-up with TimesofMoney.
TimesofMoney is a leading payment service provider and has tie-up with various financial institutions offering them money transfer service. Under its private label remittance service it offers services to the global cross-border money transfer industry.
Its transaction processing is fully compliant with payment norms suiting regulatory framework in several countries worldwide.
The release said, the bank has also signed strategic deal with BNY Mellon to offer Automated Clearing House (ACH) based remittance service from the United States.
BNY Mellon offers asset management and securities servicing globally. BNY Mellon’s Treasury Services group has high-quality expertise in global payments, trade services cash management, capital markets, foreign exchange and derivatives thus helping clients make payments, optimize cash flow, and manage liquidity more efficiently around the world in more than 100 currencies.
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1 comment:
Thanks for sharing the article on how to transfer money easily. This will help usremit 2 India exchange rates
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