DCB Bank partners with TimesofMoney for NRI online remittance service

DCB Bank, the new generation Mumbai based private-sector bank announced a tie-up with TimesofMoney, India's leading digital payments service provider for a customer friendly online remittance solution for Non Resident Indians (NRIs). This service provided by TimesofMoney would ensure all DCB Bank's NRI customers get a robust transaction platform along with better pricing, safety and speedy money transfer.

As part of the DCB Bank's NRI Banking strategy it has partnered with TimesofMoney to offer an online remittance platform for its customers across the globe. With this partnership, NRIs can use the DCB Bank's website to transfer money online from 23 countries leveraging TimesofMoney's branded online remittance service. This ensures that DCB Bank's NRI customers get a state-of-the-art service with faster transaction speed, a secure platform and price advantage by way of lower fee and competitive foreign exchange rates.

Speaking on the occasion,Murali M. Natrajan ' Managing Director & CEO, DCB Bank said, "The NRI business is a focus area for DCB Bank and remittance is an essential service for NRI banking. TimesofMoney's online remittance engine offers customers value for money and best in class service as well."

Commenting on the occasion, Avijit Nanda, President ' TimesofMoney said "India is the top remittance receiver in the world estimated at US$ 55 billion p.a. (as per World Bank report 2010) and remittance through the online channel is increasing at an incredible pace. NRIs look for a secure, efficient and cost effective way to send money to their loved ones back home. We ensure that we provide a superior user experience to them by helping them send money in a safe and simple manner. DCB Bank, with its NRI focus combined with our proven expertise in managing online remittances would ensure that the customer gets an excellent platform to send money home to his family."

Speaking on the tie-up, Praveen Kutty, Head Retail & SME Banking, DCB Bank said, "DCB Bank's NRI online remittance tie-up with TimesofMoney provides a safe and seamless platform along with competitive exchange rates. We aim to wow the NRI customer with our superior online service"