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Axis, TimesofMoney tie up for remittance
Indiablooms News Service
Mumbai, Nov 18: Private sector Axis Bank has tied up with TimesofMoney to launch AxisRemit, the bank's own branded online remittance service.
TimesofMoney is a leading non-bank e-payments service provider.
"With AxisRemit, the bank will provide high-speed online money transfer services for NRIs belonging to major geographies such as the USA, the UK, Eurozone, Canada, Australia, Singapore, Hong Kong and the UAE, using TimesofMoney's remittance platform and know-how," a press release issued here said.
TimesofMoney's white-labelled "hosted on demand" solutions will provide the technology platform for AxisRemit and the back-office functions relating to remittances would also be handled by TimesofMoney.
"This alliance integrates Axis Bank's core strengths in NRI banking and service delivery with TimesofMoney's domain knowledge and technical expertise in cross-border remittances, creating a smoother and satisfying remittance experience to NRIs situated across the globe," the release said.
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