Monday, December 21, 2009

TimesofMoney Enables Citibank’s ‘Singapore to India’ Remittance Corridor

TimesofMoney, India’s arch transaction band-aid provider and all-around cyberbanking behemothic Citibank, accept entered a cardinal tie up to barrage a new remittance corridor. The case will use TimesofMoney’s transaction processing adequacy to action end-to-end online money alteration for its NRI barter in Singapore.

This accord added strengthens the accord amid the two corporates as it marks the additional all-around remittance aisle set up afterwards the aforementioned was launched for US. As a allotment of this arrangement, Citibank can action a seamless, defended and quick money alteration account to its barter wherein they can anon alteration money from their case anniversary to the receivers anniversary in India.

Speaking about the tie-up, Mr. Avijit Nanda, President of TimesofMoney [LinkedIn] said, “We are captivated to extend our affiliation with Citibank and accept that this affiliation will go a continued way to strengthen our accord and advice us set new industry benchmark. Our capability, industry ability and compassionate of the remittance bazaar helped us accretion believability and win confidence. We endeavor to consistently abutment cyberbanking industry through our technology solutions and ability to accredit them to accommodate remittance casework to their all-embracing and calm customers.”

About TimesofMoney:
TimesofMoney is a arch ePayments account provider. It serves assorted banking institutions alms money alteration service. Its clandestine characterization remittance account caters to all-around cross-border money alteration industry. Its industry accepted belvedere provides transaction processing which is absolutely adjustable with transaction norms suiting authoritative framework in several countries worldwide. The aggregation offers a proven, turnkey, end-to-end, absolutely compliant, outsourced money alteration band-aid as an addition to architecture and advancement an centralized platform. This adjustable aphorism based belvedere provides abounding acquiescence and fraud/risk administration modules, basement and absolutely chip back-end chump account with abstruse support. It has aswell been accustomed with Payment Card Industry Data Security Standard (PCI DSS) 1.2, which is a arch aegis accepted for transaction agenda processing.

The aggregation offers a hosted arrangement in which audience can accept to advance the money alteration basic and accepting locations of TimesofMoney. It offers multi-channel all-around alpha and accumulation capabilities above assorted geographies. TimesofMoney’s all-encompassing account of ally covers arch banks in India and includes Axis Bank, Bank of Baroda, Citibank, HDFC Bank, Barclays and added accounted banks. Visit www.timesofmoney.com for added details.

For added details, amuse contact:
Ms. Smita Challu
Manager, Brand & Corporate Communication
TimesofMoney
Tel: + 91-22-3098 8490

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