UAE Exchange, Indian bank ink deal
Dubai, December 8, 2012
UAE Exchange, a leading global remittance and foreign exchange brand, and Corporation Bank, India, have entered into an agreement to offer Flashremit services to its customers.
Customers can now send money real time to their beneficiaries’ bank accounts in Corporation Bank, a statement from the exchange company said.
The service will enable money transfer to bank account within minutes and also intimate both sender and receiver through SMS on account credit.
Y Sudhir Kumar Shetty, chief operating officer, global operations, UAE Exchange, said: “We have had a strong and long relationship with Corporation Bank. This new understanding for Flashremit further strengthens it.”
“UAE Exchange has always aimed at making money transfer a seamless and speedy experience, which is an aim we share with Corporation Bank. Customers get a sense of satisfaction and security, when their money is transferred real time. This new convenience will further enhance their happiness.”
Amar Lal Daultani, executive director, Corporation Bank, said: “The relationship with
UAE Exchange has been long and mutually fruitful, which has added rich value to our customers.”
“The goodwill and common passion to offer quality service has brought us together again. We are very sure that this new arrangement of real time money transfer through Flashremit will benefit our customers a lot.”
When UAE Exchange initially launched FLASHremit with banks in India, its quality and popularity grew fast. Corporation India is the eighth bank to partner with the company.
Apart from India, Flashremit extends convenience to customers in Philippines, Nepal, Sri Lanka and Pakistan and Bangladesh. – TradeArabia News Service