UAE Exchange, India bank ink remittance deal
Dubai, April 15, 2014
UAE Exchange, the leading global remittance and foreign exchange brand, has tied up with Punjab National Bank (PNB) to enable Indian expatriates, who have an account in PNB, to credit money in their accounts in real-time.
Dr B R Shetty, MD & CEO, UAE Exchange, said: “UAE Exchange has always aimed at making money transfer a seamless experience. Towards this, we have entered into an alliance with Punjab National Bank for FLASHremit, which enables customers to get a sense of security, while their money gets transferred instantly. At UAE Exchange, we have a long term relationship with Punjab National Bank and our new arrangement is sure to strengthen it further.”
K R Kamath, chairman & managing director, Punjab National Bank, said: “Our goal has always been to provide enhanced customer experience by offering better services to them and this has brought us closer to UAE Exchange, which shares similar vision. We are very happy to have this partnership with UAE Exchange and thank them for choosing us to partner with them for FLASHremit.”
FLASHremit is the instant account credit facility from UAE Exchange. It is a unique product of its kind, which remits cash to bank account, in real time. FLASHremit has already marked its presence in India, Bangladesh, Pakistan, Philippines, Nepal, Indonesia and Sri Lanka. – TradeArabia News Service