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DCB Bank partners TimesofMoney to launch online remittance service for NRIs

Mumbai based private-sector bank DCB (Development Credit Bank)
has tied up with BCCL’s digital payments service TimesofMoney to introduce online
remittance solution for Non Resident Indians (NRIs). 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.

Mumbai based private-sector bank DCB (Development Credit Bank)
has tied up with BCCL’s digital payments service TimesofMoney to introduce online
remittance solution for Non Resident Indians (NRIs). 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.

Murali M Natrajan, Managing Director and 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.”

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 and 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.”

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