Axis Bank’s brand new digital cross-border remittance service, RemitMoney, (www.remitmoney.com) is powered by RemitOnline. Launched in November 2016, RemitMoney facilitates digital remittances for NRIs living in 28 countries globally, and has successfully implemented industry first products like ‘Instant Transfers from UK/EU’ in partnership with RemitOnline.
Geographies: Send from USA, Canada, UK, Singapore, Australia, Hong Kong, Japan, South Africa, UAE, Eurozone (19 countries) to India.
When Yes Bank was seeking a technology partner that could breathe new life into its digital remittance service, YES Remit (www.yesremit.in) , RemitOnline stepped up to the challenge and trumped the other service providers to become the chosen partner.
YES Remit is now live in 24 countries globally, fully empowered with marketing tools and analytics to acquire new customers and increase retention ratios, and is enabling new payment gateways and new products for its customers in the near future.
Geographies: Send from UK, Singapore, Australia, Switzerland, UAE, Eurozone (19 countries) to India.
KOTAK MAHINDRA BANK
RemitOnline lived up to its commitment of empowering Kotak Bank to take live its digital India-outward remittance within a strict deadline of 30 calendar days.
Kotak Bank provides the service digitally, and saves consumers the time, cost and effort that is usually associated with sending money out of India due to strict local regulations. Indian nationals can now send money to over 33 countries hassle-free.
Geographies: Send from India to USA, Canada, UK, Singapore, Australia, Hong Kong, Japan, South Africa, UAE, Eurozone (19 countries), Switzerland, Denmark, New Zealand, Saudi Arabia and Sweden.
RemitOnline, along with DCB Bank launches DCB Remit – a safe, convenient and quick way of cross-border remittance service.
DCB Remit will now enable NRIs to transfer money back to India within the comfort of their home or office while enjoying a superior exchange rate and without any hassle. Avenues Payments is a pioneer in this space and through our association we will strive to offer a superior and seamless remittance facility to NRIs.
The best part is, all the transactions and information exchanges happen on fully secure encrypted lines and the customer’s data is stored on servers that are protected by advanced firewalls which have undergone extensive security tests.
IndusInd Bank, has integrated with RemitOnline’s Digi Forex solution – To manage their AD-II business, wire transfer business as well as foreign currency demand draft inventory effectively and smoothly.
The system Digi Forex is revolutionizing the industry by enabling banks to get transactions, integrate with treasury and core banking for straight through processing of transaction.
RemitOnline with its advanced technology has automated creation, validation and reading of SWIFT messages thus removing the manual intervention and any chances of malpractices/frauds.
Muthoot Fincorp approached RemitOnline to build a platform that can handle its existing Direct Money Transfer Business.
RemitOnline designed and developed a platform that is integrated with all the necessary entities required to carry out the business. Launched in May 2018, customers can now walk in to one of the 3,000+ branches, pay in cash, and can send money to any bank account instantly.
This platform is future-proof to handle all kinds of local transfers.