The scheme allows students to receive and transfer funds at nominal rates
Mumbai: Travel Money, the foreign exchange brand of FCM Travel Solutions is introducing their affordable student remittance service for Indian students going abroad for higher education. Student wanting to go overseas can remit money via Travel Money’s Student Remittance service and receive more affordable rates than the ones offered anywhere else. Travel Money has witnessed an almost 41% growth in their educational remittance business in the last year and are committed towards advancing this segment further with their remittance scheme.
Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions, said,“We have seen a surge in the Student Remittance business in the last 3-4 years. Growing at a healthy rate, the business is expected to continue to flourish. The primary drivers for this have been better employment opportunities, rise in income levels, easy access to educational loans as well as proactive push from foreign countries to attract Indian students. Our student remittance program focuses on helping parents and students transfer funds smoothly and at reasonable rates. To further enrich the service offering for our customers we are actively looking to tie up with major institutes not only in India but also overseas.”
As we witness more Indian students travelling abroad for education, Travel Money’s offering comes as an advantage to parents and students that wish to transfer money to a foreign country or currency. Often, families must plan in advance to arrange for funds for living expenses and tuition fees for their children even before they have shift abroad. The availability to transfer money overseas through an online portal will be beneficial for such customers.
Funds can be transferred via demand draft, wire transfer or online transfer via Travel Money’s website – travelmoney.in. This service can be availed for 14 different currencies around the world. Customers will be happy to choose Travel Money’s remittance offering due to its incredible accessibility and flexibility options. Transaction processing time at Travel Money is also about 24-hours. In addition to these benefits Travel Money also offers perks like door step delivery and free ATM withdrawals.
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