India’s Vijaya Bank has partnered with digital
payment software provider TimesofMoney in a bid to offer an online
remittance platform to its migrant workers around the world.
The deal is part of Vijaya Bank’s strategy to
strengthen its relationships with its customers who are
non-residents of India (NRI’s). Using the bank’s website, the NRI’s
will be able to transfer money online from 22 countries using
TimesofMoney’s branded remittance service.
Go deeper with GlobalData
“India is the top receiver of remittances
worldwide,” said Albert Tauri, chairman and managing director,
Vijaya Bank.
“Vijaya Bank enjoys huge equity with its NRI
customers and it is imperative 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 and safe way of
sending money using the Internet.”
The two parties have also joined forces to introduce Vijaya
Bank’s customers to a new online payment gateway solution. The
service, provided by TimesofMoney, will allow Indian consumers to
use their internet banking facility to shop while online “in a safe
and seamless manner”, claims the bank.
