Mumbai: Federal Bank has partnered with Oman UAE Exchange for FLASHremit, a real-time account credit facility. The partnership enables the non-resident Indian (NRI) customers residing in Oman to transfer money directly to their beneficiary having account with Federal Bank in India.
The advantage of this instant money transfer service is that the moment the account is credited, both the sender and the beneficiary receives SMS notification, thus minimizing the follow-ups and travel time to bank or exchange house.
Commenting on the partnership, Antu Joseph, General Manager (Business & Products), Federal Bank said: “Our partnership with Oman UAE Exchange facilitated providing instant fund transfer facility to NRIs in Oman. We share a similar passion with Oman UAE Exchange in offering seamless remittance options and thereby ensuring customer delight. I am sure that Flash Remit option will bring more value and convenience to customers.”
Speaking on the occasion, Boban MP, CEO, Oman UAE Exchange said: “Our endeavour has always been to make money transfer a convenient and seamless experience for the customers. FLASHremit is one of them. We are glad to integrate the services of Federal Bank within our bouquet of services. It has not only enabled the customers with an instant and convenient channel to remit back home but has also strengthened our relationship with the partner”.
Your email address will not be published. Required fields are marked *
Treasury Designates Large-Scale IRGC-QF Counterfeiting Ring
Oklahoma Joins International Information Exchange Agreement
FSB RCG for Middle East and North Africa discusses FSB work, financial stability in the region, FinTech and misconduct risks
Mumbai Gets its Latest Well-planned Business District
How to prevent the next financial crisis
2014 The Global Indian New Network (TGINN)